China eyes iron ore, coking coal, uranium, copper He added that China Development Bank International is interested in buying iron ore and coking coal assets and is also targeting nickel.
"Everyone's talking about iron ore, and we are kind of keen on iron ore as well. Coking coal's definitely one of the things we're looking at."
"Because we are the largest shareholder in one of Asia's largest nickel companies, we have been very actively seeking similar assets for this company for our future investment," he said.
China Development Bank International, backed by more than $1 trillion in lending capacity from CDB, looks for assets or businesses that have Chinese ties, either directly through a Chinese company or through supplying into China.
"We look at the future value upside of the asset and we pay a lot of attention to the quality of the team, and we also look at the potential country risk and the political risk of the regions where the assets are located," Mu said.
(Reporting by Sonali Paul; Editing by Kim Coghill and Jason Neely)
https://www.reuters.com/article/2012/03/21/china-nickel-idUSL3E8EL4WM20120321