Minmetals on the prowl for more overseas, domestic buys

Metals trader China Minmetals Corp yesterday said it expects better fortunes this year on the back of double-digit growth fueled by more overseas and domestic mergers and acquisitions (M&As).

Zhou Zhongshu, president of Minmetals, said revenue for this year may go up by 20 percent.

The company's revenue dipped 4 percent last year to 173 billion yuan from 181 billion yuan in 2008, as the global economic crisis dampened commodity prices.