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Mayor David Miller went to China to mine for business gold and struck nickel yesterday.

Jinchaun Group Ltd., the largest producer of nickel, cobalt and precious metals in China, plans to set up its Canadian headquarters in Toronto this spring, Miller told reporters yesterday in a conference call from Chongqing.

"The opening of a Toronto office of such a significant mining concern from China is very, very important strategically for us," Miller said.

"It's a direct acknowledgement by one of the most significant Chinese mining companies of the importance of Toronto. We have significant expertise in the financing of the mining industry in our city."