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Guo Wenqing Meets with Chilean Foreign Minister Roberto Ampuero

On September 13, Guo Wenqing, China Minmetals’ President, MCC Chairman, Vice President of China International Investment Promotion Association (CIIPA) and Chinese President of China-Chile Entrepreneur Committee (CCEC) met with Chilean Foreign Minister Roberto Ampuero. They held in-depth discussions and exchanges on how to further develop China-Chile economic and trade cooperation based on the CCEC’s work in the new context, as well as the promotion of the fourth “Chile Week” event and the APEC 2019 in Chile.

On behalf of China Minmetals and the Chinese Committee of CCEC, Guo Wenqing welcomed Roberto Ampuero, thanked guests for their long-term care and support for China Minmetals, and briefed on the operation and development of new China Minmetals after the strategic recombination. Guo Wenqing pointed out that China Minmetals, after the strategic recombination with MCC, has become China’s largest metals and mining corporation enjoying the most international reputation and the world's largest services provider in metallurgical construction and operation, ranking 109th among global top 500 enterprises. The current total assets under management amount up to RMB1.68 trillion, with 200,000 on duty employees. Mr. Guo stressed that China Minmetals, one of the earliest Chinese enterprises to expand overseas markets, is the first trading partner of Chile’s copper industry in China. In the past 30 years, China Minmetals has conducted trade cooperation with Chile's copper industry in the import of electrolytic copper, raw copper, and copper concentrate as well as the export of auxiliary production materials. As of 2017, through the cooperation with Chile's copper industry, China Minmetals had purchased nearly 600,000 tons of high-quality electrolytic copper produced by Chile's copper industry, with a value of approximately 24 billion yuan. The cooperation between China Minmetals and Chile's copper industry has become a model of collaboration between China and Chile's large enterprises. In the future, China Minmetals hopes to further expand its cooperation opportunities in the fields of direct investment, mergers and acquisitions, equity participation, and joint exploration on the basis of trade exchanges with Chile’s enterprises, so as to jointly promote mutual benefits and win-win results for Chinese and Chilean enterprises in various specialized fields.

Guo pointed out that, since its establishment 13 years ago, CCEC has played its role as a platform to carry out exchanges and cooperation between enterprises of the two countries. It is a witness and impellor of sound economic and trade relations between the two countries, which is fully affirmed by the two governments. The Chinese Committee of CCEC has attached great importance to “China-Chile Annual Meeting” held in this year, where it will invite leading Chinese enterprises, including those specializing in technology and innovation. Also, China Minmetals will fully support the preparation and implementation of the fourth “Chile Week” and the APEC 2019 in Chile. Guo also hoped that the Chilean government will, as always, support the China Minmetals and the Chinese Committee of CCEC and join hands to make more significant contributions to the friendship and diplomacy between the two countries and the bilateral economic and trade development.

Roberto Ampuero thanked Guo Wenqing for his warm reception and expressed appreciation for the contributions made by China Minmetals as the Chinese Chairman Unit of CCEC to promoting economic and trade cooperation between China and Chile. He said that, for a long time, China Minmetals has made great contributions to strengthening bilateral economic and trade cooperation and Chile's economic development, representing a trustworthy strategic partner and an important role on the international stage. Chile’s better growth over the past decade has benefited from the free trade agreement. Chile’s copper industry has a long history of cooperation with China Minmetals, which produces remarkable achievements. Mr. Roberto Ampuero hoped that China Minmetals would continue to give full play to its role as a bridge to make more positive contributions to the free trade between China and Chile amid the complex and volatile international situation, so as to set a model of cooperation for the booming world economy.

The two sides also exchanged views on issues of common concern such as the impact of the world economy on copper prices in the medium and long-term.

Present at the meeting were Luis Schmidt, Ambassador of Chile's Embassy in China, Liu Zuozhang, Executive Vice President and Secretary General of CIIPA, and Jiao Jian, Deputy General Manager of China Minmetals. Also attending the meeting were José Miguel González and Andreas Pierotic Mendia, Counsellor of Chile's Embassy in China; Chile’s related personnel including Rodrigo Toledo, Trinidad Saona, Andres, Vidonica Algheros, and He Jing; Xing Yan, Head of the relevant headquarters-based department of China Minmetals; and China’s related personnel including Zhao Jing, Li Shaojun, and Ji Zheng.