China Molybdenum

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China Molybdenum
洛阳栾川钼业
TypeState-owned enterprise
IndustryMetal and Phosphate mining
Founded1982
Headquarters
Luanchuan, Luoyang, Henan
,
People's Republic of China
Area served
Worldwide
Key people
Yuan Honglin (Chairman)
ProductsCopper, Molybdenum, Tungsten, Cobalt, Niobium and Phosphate related products
RevenueIncrease CN¥7.432 billion(2018Q1)
Increase CN¥2.589 billion(2018Q1)
Increase CN¥1.856 billion(2018Q1)
ParentChina Molybdenum Group
WebsiteChina Molybdenum Company

China Molybdenum Company Limited (CMOC; simplified Chinese: 中国钼业; traditional Chinese: 中國鉬業; pinyin: Zhōngguó mù yè) is the largest molybdenum producer in Mainland China and top 5 in the world listed in the Hong Kong Stock Exchange and Shanghai Stock Exchange. It is one of the largest tungsten producers in the world, and is the second largest Cobalt and Niobium Producer and the leading Copper producer worldwide. The headquarters of the company is at Luanchuan County, Luoyang City, Henan Province. The chairman is Yuan Honglin (袁宏林), elected in June 2020.[1]

On 26 April 2007, China Molybdenum was listed in Hong Kong Stock Exchange. Its stock was closed at HK$10.28, which was 60% greater than HK$6.8, the IPO price. It was one of the stocks with the greatest surplus in stock price at the first trading day in 2007.

China Molybdenum joined the Hang Seng China Enterprise Index from 2007 to 2010. Among its holdings is the Tenke Fungurume Mine in the Democratic Republic of Congo. The mine holds copper, as well as cobalt for lithium-ion batteries.[2]

Carbon footprint[]

China Molybdenum reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 1,030 Kt (+60/+6.2% y-o-y).[3] There have been no significant reductions in recent years.

China Molybdenum's Total CO2e emissions (Direct + Indirect) (in kilotonnes)
Dec 2017 Dec 2018 Dec 2019 Dec 2020
990[4] 980[5] 970[6] 1,030[3]

References[]

  1. ^ "Director and Supervisors of CMOC". China Molybdenum. Retrieved 2020-09-09.
  2. ^ China plays long game on cobalt and electric batteries FT
  3. ^ a b "China Molybdenum Company Limited's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 30, 2021. Alt URL
  4. ^ "China Molybdenum Company Limited's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 30, 2021. Alt URL
  5. ^ "China Molybdenum Company Limited's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 30, 2021. Alt URL
  6. ^ "China Molybdenum Company Limited's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 30, 2021. Alt URL

External links[]

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