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China Nonferrous Metal Mining Group
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] HistoryThe 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] LeadershipIts president is Mr Luo Tao; its vice-presidents are Qiao Zou and Jiang Hao.[5] Company developmentsIn 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] References
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