BRIEF-China Nonferrous Mining Corp updates on establishment of joint venture

April 18 (Reuters) - China Nonferrous Mining Corp Ltd

* major And Connected Transaction - Establishment Of A Joint


* Unit and YH Metal entered into JV agreement

* Total investment in project amounts to approximately

usd420 million

* Joint venture shall be established in DRC for purpose of

construction of a smelter for fire-refining of blister copper

* Board of directors of JV shall consist of five directors,

of whom three shall be nominated by CNHKI and two by YH Metal

* CNHKI and YH Metal will hold 60% and 40% of equity

interest in registered capital of USD20,000 in JV, respectively

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