China Nonferrous Metal Mining Group
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Native name | 中国有色矿业集团公司 |
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Type | state-owned enterprise |
Headquarters | , |
Revenue | 111,365,310,000 renminbi (2018) ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Central Government of China |
Parent | State-owned Assets Supervision and Administration Commission of the State Council |
Website | www![]() |
Footnotes / references in consolidated basis[1] |
China Nonferrous Metal Mining (Group) Co., Ltd. (abb. CNMC, Chinese: 中国有色矿业集团公司) is a Chinese corporation involved with the mining of non-ferrous mineral resources.[2] Established in 1983, it is a large central enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council.
It is managed by the State-owned Assets Supervision and Administration Commission of the State Council.
The company was the parent company of four listed companies in China and in Hong Kong SAR, namely , , and .[3] It has mines in Zambia, Mongolia and Thailand, and a project in Laos.[2] It invests in copper, aluminum, zinc, nickel, tantalum, niobium, and beryllium.[2]
History[]
The company was founded in 1983,[2][4] mainly to carry out international engineering business. In 2005, with the approval of the state-owned assets supervision, the company changed their name to China Nonferrous Metal Mining.[5]
Leadership[]
Its president is Mr Luo Tao; its vice-presidents are Qiao Zou and Jiang Hao.[4]
Company developments[]
In 2013, the company signed a deal worth US$712 million to construct a steel factory in Iran, thereby defying the sanctions imposed on Tehran by the US and European Union at that time.[6]
As of January 2017, the company is also in talks with Gecamines, a state-owned company of Democratic Republic of Congo (DRC), over a copper mining joint venture.[7]
References[]
- ^ "中国有色矿业集团公司2015年年度报告" [China Nonferrous Metal Mining (Group) Co., Ltd. 2015 Annual Report] (in Chinese). archive of chinamoney.com.cn. 29 April 2016. Retrieved 7 May 2016.
- ^ Jump up to: a b c d About CNMC Archived 2010-04-14 at the Wayback Machine
- ^ Description of the company
- ^ Jump up to: a b Bloomberg BusinessWeek
- ^ development of the company(中色发展历程) Archived 2013-12-03 at the Wayback Machine
- ^ "China to build steel plant in Iran". China Economic Review. January 17, 2013.
- ^ Ford, Neil (16 January 2017). "DR Congo plots $700m mining sector investment". African Business. Retrieved 15 February 2017.
External links[]
- Government-owned companies of China
- Chinese companies established in 1983
- Companies based in Beijing
- Metal companies of China
- Non-renewable resource companies established in 1983
- Chinese company stubs