Jinchuan Group acquires China's second-largest nickel mine

China's top nickel producer, Jinchuan Group, has acquired a controlling stake in China's second-largest nickel mine, the Xiarihamu nickel mine in Golmud city in Northwest China's Qinghai province, according to the company's release on January 17.

The Xiarihamu Ni-Co deposit purportedly has proven nickel resources of approximately 1.18 million tonnes, 238,000 tonnes of copper and 43,000 tonnes of cobalt, Jinchuan says. The largest mine, also owned by Jinchuan, is in Jinchang in Northwest (?) China's Gansu Province, that began production back in 1958. In March last