China invests in Myanmar nickel mine
23 July 2004
China Non-ferrous Metal Mining & Construction (CNMC) received approval from the Myanmar government to invest US$500 million in a Myanmar nickel mine. Imports of nickel, which is used in the production of stainless steel, from Myanmar to China more than doubled between 2002 and 2003 to 80,779 metric tons. CNMC has invested in mines in Zambia, Mongolia and Thailand.