China Nonferrous Metal Mining Group
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Native name | |
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Company type | state-owned enterprise |
Founded | 1983 ![]() |
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:
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 China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd., Ningxia Orient Tantalum Industry Co., Ltd., China Nonferrous Mining Corporation Limited and China Daye Non-Ferrous Metals Mining Limited.[4] 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
[edit]The company was founded in 1983,[2][5] 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.[6]
Leadership
[edit]Its president is Mr Luo Tao; its vice-presidents are Qiao Zou and Jiang Hao.[5]
Company developments
[edit]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.[7]
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.[8]
References
[edit]- ^ "
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. - ^ a b c d About CNMC Archived 2010-04-14 at the Wayback Machine
- ^ 张静. "China Nonferrous Metal Mining (Group) Co Ltd (CNMC)". govt.chinadaily.com.cn. Retrieved 2023-01-30.
- ^ Description of the company
- ^ 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.