China Nonferrous Metal Mining (Group) Co Ltd (CNMC)

Founded in 1983, China Nonferrous Metal Mining (Group) Co Ltd (CNMC) is a large-scale central enterprise under the management of the State-owned Assets Supervision and Administration Commission of the State Council. Its major businesses include the development of nonferrous metal mineral resources, construction engineering, and relevant trade and technological services. It possesses two listed companies in China, namely NFC (000758) and OTIC (000962). In fact, CNMC has been a pioneer among Chinese enterprises to implement the “going abroad” strategy and to carry out international investment and cooperation in nonferrous metal mineral resources field.

The nonferrous metal mining projects built and put into production abroad by CNMC include Chambishi Copper Mine in Zambia, Chambishi 150,000-ton copper smeltery, Chambishi Leach Plant, Chambishi Sulfuric Acid Plant, Tumurtin-Ovoo Zinc Mine in Mongolia, and Thai-China Lead-Antimony Alloy Plant in Thailand. The projects under construction and development include Zambia-China Economic & Trade Cooperation Zone, western ore body of Zambia Chambishi Copper Mine, Myanmar Tagaung Taung Nickel Mine, and bauxite in Laos. In addition, CNMC is negotiating a group of projects in venturous prospecting and development of nonferrous metal resources and carrying out overseas investment cooperation in various forms in nonferrous metal mining industries, which involve copper, aluminum, zinc, nickel, tantalum, niobium, and beryllium.

CNMC is developing nonferrous metal mineral resources in countries around China and in central and southern Africa, and also in countries and regions with developed capital operation in mining industry. It possesses ten million tons of nonferrous metal resources and over 300 million tons of bauxite resources in overseas market and is now after nearly 80 million tons of heavy nonferrous metal resources and two billion tons of bauxite resources. CNMC is the Chinese enterprise that has carried out the most investment cooperation in overseas nonferrous metal mining industry.

The China-based enterprises subordinated to CNMC are also developing steadily and the group has realized integrated operation between its domestic and overseas businesses. In addition, it has established a favorable partnership with many Chinese provinces and cities, including Tianjin, Inner Mongolia, Liaoning, Ningxia, Jiangxi, and Guangxi.

CNMC enjoys a widespread prestige in international project contracting field. It has contracted and undertaken many major projects in several Asian and African countries and regions, including Iran Fayabu Iron Alloy Plant, Yazd Zinc Smeltery, Khatoon Abad Copper Smeltery, Jajarm Alumina Refinery, Arak Electrolytic Aluminum Plant, Vietnam Sin Quyen Copper Mine, Kazakhstan Electrolytic Aluminum Plant, Zambia KCM Shaft Project, and Algeria Expressway Project.

With unique superiority and characteristics in construction project business, CNMC has gained certain prestige and influence in Asian project contracting market. Its performance has earned it extensive acknowledgement and trust inside and outside China.

CNMC’s relevant trade and service businesses cover over 40 nonferrous metal varieties such as copper, aluminum, lead, zinc, nickel, and gold and involve several industries, including energy, industrial chemicals, steel, building materials, coal and tourism, exposition, and hotel. It has established a favorable cooperation relationship with enterprises in over a dozen countries, including Zambia, Mongolia, Burma, and Thailand.

It won the “special award for performance progress” issued by the Stated-owned Assets Supervision and Administration Commission of the State Council and the “National May First Labor Award” issued by the All-China Federation of Trade Unions. CNMC is trying its best to build itself into a powerful nonferrous metal mining group highly competitive and influential in the international market.