Mining Journal, October 27th, 2000
In August last year, it was announced in Beijing that China's State Council had approved the establishment of three new nonferrous metal corporations as part of the programme to reform the country's nonferrous metals sector, and that the State Nonferrous Metal Industry Bureau would henceforth divorce itself from direct involvement with industrial enterprises and act solely as the government's industrial watchdog. The new corporations were given management control and responsibility for marketing their products, but had to shoulder all profits and losses. The restructuring proved less than su...
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