Zhongjin Lingnan

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. known as Zhongjin Lingnan in China or their English name Nonfemet (abbreviation of non-ferrous metal), is a Chinese company engaged in the mining and processing of lead, zinc and other non-ferrous metals.[3] In 2015 financial year, the company also had 0.49% revenue from real estate development.[2]

For the gold mining company, see Zhongjin Gold.
Zhongjin Lingnan Nonfemet
SZSE: 000060
IndustryNon-ferrous metals
Founded1984
Headquarters
Shenzhen
,
China
Area served
Exported worldwide
Key people
ProductsCopper, Zinc, Lead, Nickel, Real estate, etc.
RevenueDecrease CN¥16.966 billion (2015)
Decrease CN¥95 million (2015)
Decrease CN¥201 million (2015)
Total assetsIncrease CN¥15.883 billion (2015)
Total equityIncrease CN¥7.345 billion (2015)
Owner
Footnotes / references
in a consolidated basis[2]
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd.
Simplified Chinese深圳中金岭南有色金属股份有限公司
Traditional Chinese深圳中金嶺南有色金屬股份有限公司
Literal meaningShenzhen China Metal Lingnan Non-ferrous Metal Joint-Stock Limited Company
Zhongjin Lingnan Nonfemet
Simplified Chinese中金岭南有色金属
Traditional Chinese中金嶺南有色金屬
Zhongjin Lingnan
Simplified Chinese中金岭南
Traditional Chinese中金嶺南

Lingnan is a word refer to southern China, including Guangdong province, while Zhongjin literally means China metal. As at 11 November 2016, Zhongjin Lingnan is a constituents of SZSE 100 Index and CSI 300 Index.

History

The firm was established in Shenzhen, Guangdong province in 1984, as a subsidiary of state-owned enterprise China National Nonferrous Metals Industry Corporation (The national corporation dissolved in 1998, which provincial government takeover the management role). Its production base is in Shaoguan, Guangdong province, China.[4] Zhongjin Lingnan also purchased a Canadian company as well as a company in Australia.

Recent Developments

Zhongjin Lingnan was a signatory of a joint statement by ten of the world's top zinc producers published in 2015. In that statement, the zinc producers pledged to cut their output by 500,000 tonnes in 2016 in order to reduce overcapacities in the market and increase zinc prices.[5]

Due to low metal prices, the company announced it would cut 100 jobs at its Australian Broken Hill mine in New South Wales,[6] which it had acquired in 2013.[7]

See also
  • Rising Nonferrous Metals Share another publicly traded company which Guangdong Government is the indirect major shareholder

References
  1. "管理成员" [Mangemant Board] (in Chinese). Zhongjin Lingnan. Retrieved 11 November 2016.
  2. "2015年年度报告" [2015 Annual Report] (PDF) (in Chinese). Zhongjin Lingnan. 1 April 2016. Retrieved 11 November 2016.
  3. Shenzhen Zhongjin Lingnan Nonfemet Company Limited Google Finance
  4. Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. businessweek.com
  5. "UPDATE 3-China zinc smelters pledge 20 pct output cuts; prices spike". Reuters. 20 November 2015. Retrieved 14 February 2017.
  6. "Jobs to go at Perilya mine at Broken Hill after company announces restructure". ABC News. 22 March 2016. Retrieved 14 February 2017.
  7. "China's number three zinc miner to acquire Aussie Perilya | MINING.com". MINING.com. 2013-09-04. Retrieved 2017-05-02.


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