China Nonferrous Metal Mining Group

China Nonferrous Metal Mining (Group) Co., Ltd.
Native name	中国有色矿业集团公司
Company type	state-owned enterprise
Founded	1983
Headquarters	Chaowai Subdistrict , China
Revenue	111,365,310,000 renminbi (2018)
Net income	CN¥(2,909,054,927.54) (2015)
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
Website	www.cnmc.com.cn/indexen.jsp
	Footnotes / references; in consolidated basis

China Nonferrous Metal Mining (Group) Co., Ltd. (abb. CNMC, Chinese: 中国有色矿业集团公司) is a Chinese corporation involved with the mining of non-ferrous mineral resources.^[2] Established in 1983, it is a large central enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council.^[3]

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.^[4] It has mines in Zambia, Mongolia and Thailand, and a project in Laos.^[2] It invests in copper, aluminum, zinc, nickel, tantalum, niobium, and beryllium.^[2]

History

The company was founded in 1983,^[2]^[5] 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.^[6]

Leadership

Its president is Mr Luo Tao; its vice-presidents are Qiao Zou and Jiang Hao.^[5]

Company developments

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.^[7]

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.^[8]