China Minmetals Group subsidiary Minmetals Resources is planning to invest up to $2bn in copper, lead, zinc and nickel mining acquisitions.

The news follows Minmetal‘s $1.85bn cash and shares acquisition of China Minmetals Group’s Australian MMG unit in December, comprising the world’s second-biggest zinc mine and other assets in Australia, Laos and Canada.

Minmetals Resources CEO Andrew Michelmore told Bloomberg that the company may also invest in minerals sands, alumina, bauxite and uranium acquisitions.