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Guo Wenqing Meets with Secretary Chen Shanguang of PCEZ’s Party Working Committee

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On October 1, Mr. Guo Wenqing, China Minmetals’ President and Party Group Deputy Secretary and MCC Chairman, met with Chen Shanguang, Secretary of the Party Working Committee of Pingtan Comprehensive Experimental Zone (PCEZ). At the meeting, the two sides held in-depth discussions on further strengthening cooperation.

Mr. Guo Wenqing welcomed Chen Shanguang and his delegation and presented the history and development of China Minmetals and MCC, two of the global top 500 enterprises, especially after their strategic recombination. Guo pointed out that the assets under the management of China Minmetals amount to RMB1.68 trillion. With 200,000 employees on duty, China Minmetals, the only state-owned capital investment company in China's metals and mining industry, has undertaken the mission of providing its homeland with sufficient metal resources. It has been committed to building itself into a world-class metals and minerals corporation ranking No. 1 in China. Guo presented that China Minmetals is now developing a business system featured by “four beams and eight columns” regarding metal mining, metallurgical construction, trade logistics, and finance and real estate. In the field of metal mining, China Minmetals possesses rich mineral resources including copper, nickel, lead, zinc, and lithium in Hunan, Guizhou, and Qinghai at home and other countries such as Australia, Papua New Guinea, Peru, and Pakistan. In the field of metallurgical construction, MCC serves as a pioneer and a new force in China’s steel industry, making up 90% and 60% of the share of domestic and global metallurgical construction markets, respectively. Therefore, it is one of China’s national teams for metallurgical construction. In the field of trade logistics, China Minmetals has established trade outlets in more than 60 countries and regions around the world and built large-scale logistics industrial parks in Guangzhou, Wuxi, and Lanzhou. In the field of finance and real estate, China Minmetals has a full financial license and robust capabilities for investment and financing and resources allocation. Minmetals Land and MCC Real Estate are two of 16 real estate enterprises identified by the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals also has strong strength in the field of technological innovation. It boasts 36 national scientific and technological innovation platforms, and more than 24,000 live patents, of which more than 6,800 are patents for invention, ranking fourth among central enterprises.

Guo Wenqing stressed that China Minmetals is focusing on the battery material resources for new energy vehicles and is actively engaged in promoting the development of new power plates. The company has not only successfully run the Ramu nickel project within Papua New Guinea whose reserves rank in the world’s top three, but also accelerated the integration of manganese ore resources in China, as well as the progress of battery material projects like Changyuan Lico lithium-ion battery cathode materials project, MCC Ramu’s Caofeidian ternary precursor project, and China Minmetals salt lake lithium extraction project. MCC has taken the lead in the design of national infrastructure projects such as “beautiful countryside,” “sponge city” and “underground utility tunnel” as well as domestic and overseas theme projects including Disney and Universal Studios. All these projects have adequately reflected the enterprise featured by prominent main business and multiple sidelines. Guo hoped that both sides would further strengthen communication and exchanges, expand cooperation fields, and deepen cooperation levels to realize win-win cooperation and joint development.

Chen Shanguang thanked Guo Wenqing for his warm reception and expressed appreciation for the development achievements of China Minmetals after the strategic recombination. Chen said that according to the strategic positioning of “one island, two windows and three zones” set by General Secretary Xi Jinping for Pingtan, Pingtan has focused on the construction of an international tourism island in recent years, striven for the building of the Fujian-Taiwan cooperation window and China’s window for opening up to the outside world, and aimed to develop emerging industrial zone, high-end service zones, and livable zone. All sides have undergone apparent transformation. Pingtan is China's fifth largest port to which the CPC Central Committee and the Provincial CPC Committee have attached great importance, obtaining favorable policies and multiple advantages. PCEZ’s Party Working Committee and the Management Committee will do their best to provide various services to expand exchanges and cooperation with China Minmetals in more fields and give full play to the advantages of both sides, so as to make more cooperation achievements.

The two sides held in-depth discussions on areas of cooperation such as trade logistics, distinctive towns, infrastructure construction, waste incineration, wastewater treatment, and soil treatment, and instructed relevant personnel to set up working groups to further approach specific business.

Liu Caiming and Zhang Zhaoxiang, leaders of China Minmetals, attended the meeting. Attending the conference were Lai Jiqiu, Cai Fuyong, Huang Liangxi, Chen Nailong, Zhu Haiguang, Lin Zhihong and Jia Weibin from PCEZ and Huashang Resources Group; Zhang Mengxing, Wang Shilei, Liu Qingchun, Xiong Xiaobing, Liu Fuming, Wang Wei, Yang Kui, Shao Bo and Zhu Lina from relevant departments of China Minmetals’ Headquarters and directly-affiliated enterprises.

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