Enterprises
China Minmetals
Updated: Jul 6, 2023
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China Minmetals Corporation was established as the result of a strategic recombination of two Fortune Global 500 companies --the former China Minmetals and the Metallurgical Corporation of China.
China Minmetals, an important State-owned key enterprise with metallic minerals as its core business, is directly managed by the central government. It is a pilot enterprise for State-owned capital investment companies. In 2018, it ranked 109th among Fortune Global 500 companies.
Headquartered in Beijing, China Minmetals has eight listed companies, including MCC (601618.SH, 1618.HK) listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, Minmetals Capital (600390.SH), Minmetals Rare Earth (000831.SZ) listed on the Shenzhen Stock Exchange, Minmetals Development (600058.SH), China Tungsten High-tech (000657.SZ), and Zhuzhou Smelter Group (600961.SH), as well as Minmetals Resources (1208.HK) and Minmetals Land (0230.HK).
By the end of 2018, the company had managed 1.86 trillion yuan of assets, including 911.5 billion yuan in total assets and 949.9 billion yuan in financial assets. Overseas institutions, resource projects, and construction projects are located in more than 60 countries and regions across the world.
China Minmetals takes being “the world-class powerhouse in the metals and minerals industry” as its vision. Strategically, it positions itself as “a main force to ensure security of resources, a national team to upgrade the metallurgical industry, and an integrated service provider in the industry.”
China Minmetals has taken the lead in operating across the whole industry chain from resource acquisition and exploration to project design, construction, operation, distribution, and further processing in the global metals and minerals sector.
It has formed a business system of “four beams and eight columns.” The four beams consist of metals and minerals, metallurgical construction, trade and logistics, as well as finance and real estate. The “eight columns” are composed of mineral development, metallic materials, new energy materials, metallurgical engineering, basic construction, trade and logistics, financial services, as well as real estate development.
