Company charts plan to buy stakes in Canadian, Australian miners

BEIJING - China Nonferrous Metal Industry's Foreign Engineering and Construction Co (NFC) is planning more overseas mergers and acquisitions to expand its mineral wealth, a top company official said on Monday.

NFC is also boosting its presence in mineral-rich nations like Canada and Australia through stake buys to have bigger bargaining power in the global arena, said Wang Hongqian, general manager of Beijing-based NFC.