Shenghe-Shanghai Stock Exchange11 Apr 2018 02:17
with a market cap of A$5.6 billion Sep 2017- 12.5% holder & strategic partner of Greenland Minerals & Energy Ltd [ASX:GGG]
Link: www.ggg.gl/docs/ASX-announcements/Oct-2017-GMEL-Company-Presentation.pdf
Pg 9: "GMEl Development Strategy Considering China Policy. Shenghe-Extensive customer base in Europe, North America, Japan, Middle East, China. Sits within the Chinalco group. Acquired Vietnam Rare Earth . Successful bidder for Molycorp. Technical studies with GMEL progress through 2017."
Greenland Minerals & Energy Ltd [ASX:GGG]
Board of Directors: www.ggg.gl.com/team/
"Chairman: Mr Anthony HO, Non-Executive Director of Hastings Rare Metal.
<>Ref: "Greenland shortlists Chinese co for airport construction."- Reuters, 27 Mar 2018 [Put this title into the search engine to read if interested]
<>Ref: "Denmark deeply concerned over Chinese bids to build Greenland."-GCR, 26 Mar 2018
Quote: "Chinese co*s are on a list of 11 potential bidders for 3 airport projects on the island."
<>Ref: "The Many Roles of Greenland in China*s Developing Arctic Policy"-The Diplomat, 30 Mar 2018
Quote: "Chinese firms have sought to INVEST in Greenland*s EMERGING MINERAL WEALTH which is becoming more readily accessible due to climate change. The most visible example is rare earth elements, uranium, and zinc mining Under DEVELOPMENT at KVANFJELD by Australian firm Greenland Minerals &.."
Comment: Shenghe acquisition as above are in the rare earth minerals sector eg Molycorp etc.
So, from the above, on the GGG website, it says on the front page that Greenland is becoming an "Important new minerals region", "Aligned with Top Tier Development Partners."
As for Mr Ho, from recall, he was running the Hastings show years ago when REM did a JV at Yangibana. Mr Ho was our Founder*s neighbour. From recall, our Founder said Mr Ho wanted to buy REM*s JV. Barksy1 will remember as we used to read our Founder*s tweets about who was who. So nice neighbour to have.
On topic for KDNC - REM Greenland