Jiangxi Copper in Albania

Jiangxi Copper (江西铜业), China’s largest copper smelter, has just paid $65m for half of Nesko, a Turkish company owned by Ekin Maden that operates copper mines in Albania as Beralb ShA.

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swap it

Posted on Tumblr on Oct 8.

The central banks of China and Iceland have renewed a 2010 $550m three-year currency swap agreement (PBOC, Seðlabanki). That’s two orders of magnitude below similar deals with Australia, Brazil, South Korea or the UK, and about the worth of last month’s swap with Albania, a similarly sized economy. Last year, Iceland imported $354m worth of goods (CIF) from China (Statistics Iceland).