Tibet Mineral Development

Tibet Mineral Development Company Limited.

Company type	Public; partly state-owned
Founded	1967; 58 years ago (1967)
Website	www.xizangkuangye.cn

Tibet Mineral Development Company Limited, known as Tibet Mining (Chinese: 西藏矿业资产经营有限公司, 西藏矿业, བོད་ལྗོངས་གཏེར་ལས།, SZSE: 000762), is partly state-owned publicly-traded mining company. It was established in 1967 with the founding of the Tibetan State Enterprise Dongfeng Mine (Chinese: 西藏国营企业东风矿). In 1984, it received approval from the Ministry of Metallurgy of China and the People's Government of Tibet Autonomous Region, leading to the transfer of the original Dongfeng Mine team to Qusong County in the Shannan, Tibet, where they initiated infrastructure and mining operations at the Lobusha mine. The primary business activities encompass the mining of chromium ore, copper ore, as well as their deep processing. The primary products include chromite ore, ferrochrome alloy, copper, chrome salt products, and lithium salt products.[1][2]

It is currently a significant subsidiary of Tibet Mining Assets Management Company Limited, which is a subsidiary of China Baowu Iron & Steel Group Company Limited.[3]

History

Dongfeng Mine, a state-owned enterprise in Tibet, was created in 1967. In 1984, sanctioned by the former Ministry of Metallurgy and the People's Government of the Tibet Autonomous Region, the original team from Dongfeng Mine relocated to Lobusha Township in Qusum County, Shannan, Tibet, to initiate the infrastructure and mining operations at Lobusha Mine.[3][4]

In early 1997, several enterprises under the People's Government of Tibet Autonomous Region were restructured into Tibet Mining Industry Co. On July 8, 1997, the corporation was registered on the Shenzhen Stock Exchange.[3]

On June 4, 2020, Baowu acquired Tibet Mining Assets Management Co., Ltd. from the TAR State-owned Assets Supervision and Administration Commission (SASAC). Following the acquisition, China Baowu Iron and Steel Group emerged as the primary shareholder, while TAR SASAC became the secondary major shareholder.[5][6][7]

In August 2021, the Tibet Mineral Development announced its intention to invest in the second phase of the Zabuye Salt Lake Green Comprehensive Development and Utilization Project, specifically the 10,000 Tons of Battery-grade Lithium Carbonate Project, with an expected investment of RMB 2 billion.[8][9]

References

1. 《西藏自治区概况》编写组; 《西藏自治区概况》修订本编写组 (2009). 西藏自治区概况. 国家民委《民族问题五种从书》 (in Chinese). 民族出版社. p. 359. ISBN 978-7-105-08625-2. Retrieved 2024-11-15.
2. 西藏自治区人民政府办公厅; 西藏自治区政府办公厅; 西藏自治区党委党史研究室; 中共西藏自治区委员会. 党史研究室 (2002). 全国支援西藏 (in Chinese). Tibet People's Publishing House. p. 290. Retrieved 2024-11-15.
3. 辉煌的二十世纪新中国大纪录: 西藏卷 (in Chinese). 红旗出版社. 1999. p. 304. ISBN 978-7-5051-0374-0. Retrieved 2024-11-15.
4. 中国国情研究会 (2003). 中国国情研究报告 (in Chinese). 当代中国出版社. p. 552. Retrieved 2024-11-15.
5. "中国宝武再扩资产版图，拟增资入主西藏矿业总公司". 界面新闻-只服务于独立思考的人群-Jiemian.com (in Chinese). Retrieved 2024-11-15.
6. "现实困难放一边，各路资金接力爆炒,西藏矿业:中国宝武入主，改变何时来". 新浪财经_新浪网 (in Chinese). 2022-07-08. Retrieved 2024-11-15.
7. "半年业绩预告亮眼，高原明珠西藏矿业焕发璀璨光芒 中国基金报". 中国基金报 (in Chinese). 2022-07-10. Retrieved 2024-11-15.
8. "西藏扎布耶盐湖绿色综合开发利用万吨电池级碳酸锂项目通过竣工验收 }". 数字储能网 -锂离子电池产能与项目 (in Chinese). 2024-09-29. Retrieved 2024-12-18.
9. "扎布耶盐湖万吨电池级碳酸锂项目试生产 西藏矿业加速扩充产能". Securities Times (in Chinese). 2024-06-30. Retrieved 2024-12-18.

External links

• Official website