Alexa

Chinese company looking for missing tycoon

Chinese company looking for missing tycoon

A Chinese tycoon with ties to mining companies in the United States, Australia and Africa is missing and a newspaper says he has been detained by police.
Sichuan Jinlu Group said Thursday it is looking for its chairman, Liu Han, and has been unable to contact him by phone.
The newspaper Shanghai Securities News said Liu was detained in Beijing in mid-March while on a business trip.
Chinese police regularly detain people for lengthy questioning without charge or public notice.
Liu's main company, Sichuan Hanlong Group, owns a stake in General Moly, a Colorado miner of molybdenum, a mineral used to harden steel.
Hanlong also owns a stake in Australia's Sundance Resources, which is developing an iron mine in Africa, and is bidding to buy the rest of the company.


Updated : 2020-12-01 19:16 GMT+08:00