On June 18th, Ambassador Zhang Junsai attended the launch of the Minerals and Metals Group (MMG) by China’s Minmetals Group in Melbourne. Ambassador Zhang congratulated on the launching of MMG as another fine example of in-depth growth of China-Australia economic relations. He said Minmetals’ purchase of OZ Minerals’ main assets was a win-win deal that epitomized mutually beneficial relationship between China and Australia. He stressed that given the global financial crisis, two-way investment by Chinese and Australian companies would only contribute to closer bilateral economic relationship and early recovery of the two economies.
About 150 attendees, including Minmetals President Zhou Zhongshu, senior executives from OZ Minerals, representatives of Chinese companies in Australia and guests from the minerals industry of China and Australia, were present at the reception.
While in Melbourne, Ambassador Zhang also attended the Asia Society Private CEO Luncheon Briefing on June 19th. He delivered a speech on China’s economic performance and the current state of China-Australia relations.