Western Mining Co., Ltd.

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Coordinates: 36°38′34.8″N 101°45′41.5″E / 36.643000°N 101.761528°E / 36.643000; 101.761528

Western Mining
public
Traded as SSE: 601168
Industry Metal mining
Founded 28 December 2000; 16 years ago (2000-12-28)[1]
Founder Western Mining Group
Headquarters Xining, China
Area served
China
Key people
  • Zhang Yongli (chairman & president)
  • Hua Jincang (director & executive president)
Products copper, lead, zinc, iron, gold and silver
Revenue Increase CN¥27.776 billion (2016)
Increase CN¥00222 million (2016)
Profit Increase CN¥00100 million (2016)
Total assets Increase CN¥32.166 billion (2016)
Total equity Steady CN¥11.478 billion (2016)
Owner Western Mining Group (28.21%)
Parent Western Mining Group
Website westmining.com
Footnotes / references
in consolidated financial statement[2]
Western Mining Co., Ltd.
Simplified Chinese 西部矿业股份有限公司
Traditional Chinese 西部礦業股份有限公司
Western Mining
Simplified Chinese 西部矿业
Traditional Chinese 西部礦業

Western Mining Co., Ltd. is a listed company in northwest China engaged in the mining, smelting, and trading of metal minerals, including copper, lead, zinc, iron, gold and silver. It is headquartered in Xining, Qinghai Province.[3][4] It is currently China's second-largest producer of lead concentrate,[5] fourth-largest producer of zinc concentrate, and seventh-biggest producer of copper concentrate with extraction rights in many metal mines overseas.[6]

History[edit]

Its A shares were listed on the Shanghai Stock Exchange on 12 July 2007.[7]

In 2008, the company began trial production at a smelter at its Yulong (Chinese: 玉龙) copper mine in Tibet.[8] 17% stake of the mine was acquired from fellow mining company Zijin Mining in 2007.[9]

Western Mining was a former constituent of SSE 50 Index (the blue chip of Shanghai Stock Exchange). However, it was removed from the index in 2012.[10]

Shareholders[edit]

As of 31 December 2016

The largest shareholder of the listed company was Western Mining Group for 28.21% shares, which controlled the listed company by majority in the board of directors. Western Mining Group itself is a subsidiary of Qinghai Provincial People's Government for 50.37% stake.

References[edit]

  1. ^ National Enterprise Credit Information Publicity System (in Chinese)
  2. ^ "2016 Annual Report" (PDF). Western Mining (in Chinese). Shanghai Stock Exchange. 18 March 2016. Retrieved 18 June 2017. 
  3. ^ Western Mining Co Ltd
  4. ^ Western Mining Co. Ltd
  5. ^ China Mining Association - China's Western Mining completes approval process for FerrAus deal - retrieved on January 23, 2009.
  6. ^ Bloomberg - Western Mining 2008 Profit Falls More Than 50% - retrieved on January 23, 2009.
  7. ^ "公司概况 西部矿业股份有限公司601168" (in Chinese). Shanghai Stock Exchange. Retrieved 18 June 2017. 
  8. ^ "China Western Mining to start up Tibet copper plant". Reuters. 14 October 2008. Retrieved 2017-04-11. 
  9. ^ "紫金矿业今年五度收购矿山资源" (in Chinese). Zijin Mining. 16 August 2007. Retrieved 18 June 2017. 
  10. ^ "三大指数齐调成分股 千亿指基资金大腾挪". Securities Times (in Chinese). 21 June 2012. Retrieved 18 June 2017. 

External links[edit]