China Nonferrous Metal Mining Group
Native name | 中国有色矿业集团公司 |
|---|---|
| state-owned enterprise | |
| Profit |
 CN¥(2,909,054,927.54) (2015) |
| Total assets |
 CN¥125,535,440,783 (2015) |
| Total equity |
CN¥14,184,711,742.52 (2015) |
| Owner | Central Government of China |
| Parent | State-owned Assets Supervision and Administration Commission of the State Council |
|
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]
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.[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 called 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.
- 1 2 3 4 About CNMC Archived 2010-04-14 at the Wayback Machine.
- ↑ Description of the company
- 1 2 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.
