China VTM earmarks RMB3.7B for capex in 3 years


China Vanadium Titano-Magnetite Mining (HKG:0893) expects capital expenditure of RMB1.3 billion, RMB1.5 billion and RMB900 million for 2012, 2013 and 2014 respectively, chief financial officer Kong Chi-mo said today.

The company has RMB1 billion cash at present. Its gearing ratio as at 31 December 2011 was 13%.


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