A Limited Liability Company Founded on December 27th 2001, China Minmetals Nonferrous Metals Company Ltd (CMN), with a registered capital of 1270 million RMB Yuan, is a limited liability company whose shareholders are China Minmetals Corporation (major shareholding 90.27%) and other five well-known Chinese enterprises.
A Strong and Active Market Player in Non-ferrous Metals Industries Being one of the most active market players in the industry, CMN shoulders the responsibility of making contributions to the cause of China's nonferrous metals industry as its own task and has made great achievements in its market operations. In 2009, CMN achieved its sales revenue of 42.2 billion RMB Yuan with a profit of 2.07 billion RMB Yuan. The market share of its core commodities was at the top in China's nonferrous metals enterprises, CMN has become a major force in China's non-ferrous metal industry through its highly effective operation and rapid growth.
A Resources Company CMN has essentially completed its transition from a traditional trading company to a non-ferrous metals resource enterprise supported by an integration of rare and short-supplied metals and minerals. Currently, its resources assets have accounted for 80 percent of its total assets though long-term investments. CMN has accomplished a complete supply chain of rich resources in China, such as tungsten, and rare earth through consistent integrations. It has also made great progress in overseas development in copper, alumina, lead and zinc which were in short supplies in China. The alumina supply of 400,000 tonnes per annum from Alcoa has another 20 years to go. A joint-venture company was established with CODELCO to purchase Chilean copper capacity of 840,000 tons of copper in next 15 years and to explore and develop its copper resources. Northern Peru Copper Co., Ltd, a listed company in Canada was acquired which owns copper deposits of 8 million tons in metal in Peru. A copper purchase agreement for the year of 2009 were signed with KGHM Polish Copper Ltd which covers 50,000 tons copper cathodes under the long-term agreement and 8,000 tons of spot cargo. In 2009, a 6-year cathode agreement valued 800 million US Dollars was signed between Bulgarian largest copper producer Aurubis AD and CMN witnessed and highly praised by Mr. Xi Jinping, Vice President of PRC. The company successfully acquired the prime assets of Australia OZ Minerals Co., Ltd, making a significant progress with respect to acquiring lead, zinc and cooper resources. This is rated as the 2009 Best M&A Deal/Best Cross Border M&A Deal by Finance Asia. At the end of 2009, the Group Corporation strategically restructured Hunan Non-ferrous Metals Co., Ltd successfully. China Minmetals Non-ferrous Metals Co., Ltd, as one of the important initiators and pushers, participated in the whole process of this restructuring. This was proved the model for promoting integration of Chinese non-ferrous metal industry. After restructuring, the new company’s tungsten and antimony resources were ranked first across the world as well as lead and zinc smelting in China; The Company became the largest base of medium and heavy ion rare earth, and had radically enhanced global voice in tungsten and antimony.
A Harmonious Team with High Efficiency CMN is a highly professional team experienced in the fields of trading, marketing, international cooperation, resources development, futures business and management. Its staff is cooperative, professional and reliable.
A Company Full of Experience in Mining Operations and Management The Company has gained rich experience in developing and managing large mining operations. Presently, it has 28 majority share holding enterprises and 3 equity participation enterprises in the areas of copper, aluminum, lead and zinc, tungsten, rare earth, antimony, tin, tantalum and niobium etc. The large mining enterprises under its operations include: MMG, Jiangxi Tungsten Industry Group, the largest tungsten enterprise in China. Jiangxi Xianglushan Tungsten Co., Ltd, Nanchang Cemented Carbide LLC, and Guangxi Huayin Aluminum Co., Ltd. etc. By operating these large enterprises, the Company has accumulated much development and management experience and trained its working team.
A Reliable Partner with Tailor-made Services With advantages in human resources, information, market research and development, funds, experiences in international cooperation and its complete sales network, CMN has established extensive relations with its customers, formed a marketing network and accumulated operation experience both in China and abroad, enabling the company to provide with its customers continuous resources supplies, professional and tailored services. Its reputation in the market, especially its operating mentality of providing its customers with tailored services has built CMN a sound partner in the non-ferrous metals industry. The Company has become the first choice for more and more customers to cooperate with.
Role in the Industry CMN committed itself to better play the role of the bridge, to bring its advantages into full play to become a long-term business partner to its clients in the industries, and achieve its goal for mutual development and prosperity on the basis of "Win win" mentality. |