BEIJING (Reuters) -China’s CMOC GROUP said on Monday that it was looking for more merger and acquisition opportunities.
“We are actively finding and negotiating projects in resource rich countries and regions including Africa and South America,” Liu Jianfeng, CMOC’s chairman said at an earnings briefing, without indicating any targets.
CMOC acquired Canada-listed Lumina Gold in the first half of this year.
CMOC is also considering expanding its molybdenum and tungsten assets and is looking for the right time to do this, Liu added.
The company reported a 60.1% rise in first-half net profit late on Friday, sending its shares 8.7% higher to 12.08 yuan on Monday.
(Reporting by Amy Lv and Lewis Jackson; Editing by Kirsten Donovan)
