China Nonferrous Metal Mining Group

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.[3]

China Nonferrous Metal Mining (Group) Co., Ltd.
Native name
中国有色矿业集团公司
Typestate-owned enterprise
Founded1983 Edit this on Wikidata
Headquarters
Chaowai Subdistrict Edit this on Wikidata
,
China Edit this on Wikidata
Revenue111,365,310,000 renminbi (2018) Edit this on Wikidata
Decrease CN¥(2,909,054,927.54) (2015)
Total assetsIncrease CN¥125,535,440,783 (2015)
Total equityIncrease CN¥14,184,711,742.52 (2015)
OwnerCentral Government of China
ParentState-owned Assets Supervision and Administration Commission of the State Council
Websitewww.cnmc.com.cn/indexen.jsp Edit this on Wikidata
Footnotes / references
in consolidated basis[1]

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

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

Its president is Mr Luo Tao; its vice-presidents are Qiao Zou and Jiang Hao.[5]

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.[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
  1. "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.
  2. About CNMC Archived 2010-04-14 at the Wayback Machine
  3. 张静. "China Nonferrous Metal Mining (Group) Co Ltd (CNMC)". govt.chinadaily.com.cn. Retrieved 2023-01-30.
  4. Description of the company
  5. Bloomberg BusinessWeek
  6. development of the company(中色发展历程) Archived 2013-12-03 at the Wayback Machine
  7. "China to build steel plant in Iran". China Economic Review. January 17, 2013.
  8. Ford, Neil (16 January 2017). "DR Congo plots $700m mining sector investment". African Business. Retrieved 15 February 2017.
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