China Metallurgical Group Corporation

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China Metallurgical Group Corporation
中国冶金科工集团公司
Type State-owned enterprise
Industry Metallurgy
Founded 1982
Headquarters Beijing, People's Republic of China
Area served People's Republic of China
Key people Chairman: Mr. Jing Tianliang
Subsidiaries China Metallurgical Corporation Limited
Website China Metallurgical Group Corporation

China Metallurgical Group Corporation part of MCC Holding Hong Kong Corp.Ltd. (Chinese: 中国冶金科工集团公司), (MCC), is a state-owned enterprise in Beijing, China, engaging in EPC (engineering, procurement and construction), natural resources exploitation, papermaking, equipment fabrication, real estate development. MCC is one of the largest equipment manufacturers in China, and the only central-owned enterprise that is authorized to run pulp-making and papermaking businesses in China and overseas.[1][2]

Its subsidiary, China Metallurgical Corporation Limited (Chinese: 中国冶金科工股份有限公司) (SSE: 601618, SEHK1618), co-invested by China Metallurgical Group Corporation and Baosteel Group Corporation (Baosteel), was established in 2008.[3] Its A shares and H shares were listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange in 2009 respectively.[4][5]

Business areas[edit]

The Company is involved in the construction of metallurgical, infrastructural facilities, other industrial projects, housing construction, municipal utility construction, installation of electrical and mechanical works, and handles high-rise buildings, mechanical engineering, electronics, power supply, petroleum, chemistry, textiles, transportation, communication, and building materials construction projects. The company also provides geo-technical engineering construction, industrial and civil construction, rock and earthwork excavation, equipment installation, and steel structure fabrication and installation services; and industrial products, including spiral welded pipes of various bore sizes, non-standard equipment, cold-rolled deformed bars, and forged precision metallic equipment. It also engages in water supply projects, sport cities development, and resource development. The company manufactures spiral coasters, and single-stand reversible cold-roll lines.

Saindak Copper-Gold Project (SCGP)[edit]

SCGP is a copper mining project owned by Government of Pakistan. The MCC Holding Hong Kong Corp.Ltd. and MCC Petroli Hong Kong Corp.Ltd. constructed the project under agreement with Government of Pakistan from 1990-1995 on turnkey basis. The project remained idle up to 2002. Again the MCC won the bidding and started the commercial production of the SCGP. The starting date was 16-Oct-2002. MCC is running the project successfully since its start. The initial operational agreement between MCC and Government of Pakistan was for 10 years up to 15-Oct-2012. The agreement further extended for a period of 05 years i.e. up to 15-Oct-2017. MCC is running this project through its subsidiary MRDL (MCC Resources Development Company Pvt Limited) registered with Securities and Exchange Commission of Pakistan.[6]

Copper mining in Afghanistan[edit]

In 2007, China Metallurgical Group Corporation won the bidding for the price of US Dollars 909 million. Presently it is moving ahead with a copper mining project in Aynak, Afghanistan. In December 2009 there were about 3000 Afghan workers and about 70 Chinese engineers on site.[7]

Nickel mining in Papua New Guinea[edit]

Ramu NiCo Management (MCC) Limited ('Ramu NiCo') is currently constructing a nickel mine in mountains above the Ramu River and processing plant on the Rai Coast of the Madang Province of Papua New Guinea. Ramu NiCo's web site says the company is 'sponsored by' China Metallurgical Group Corporation and that at US$1.4 billion its project is China's largest overseas mining investment. The company says the project has a total reserve of 140 million tons of nickel and will have a mine life of 40 years.[8]

The project has sparked controversy over its deep sea tailings disposal plan, previously approved by the PNG Department of Environment and Conservation, and blasting work to build the outlet was halted by an injunction in the National Court of Papua New Guinea on 19 March 2010.[9][10]

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