China Nonferrous Metal Mining Group
|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
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. It has mines in Zambia, Mongolia and Thailand, and a project in Laos. It invests in copper, aluminum, zinc, nickel, tantalum, niobium, and beryllium.
The company was founded in 1983 ., 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.
Its President is Mr Luo Tao; its Vice-Presidents are called Qiao Zou and Jiang Hao.
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.
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.
- "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.
- About CNMC
- Description of the company
- Bloomberg BusinessWeek
- development of the company(中色发展历程)
- "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.
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