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China Minmetals Corporation (hereinafter referred to as China Minmetals) 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 (MCC). China Minmetals, an important state-owned backbone 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 2019, it ranked 112th among the Fortune Global 500 companies. Headquartered in Beijing, China Minmetals has eight listed companies, including MCC (601618.SH, 1618.HK) publically listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, Minmetals Capital (600390.SH), Minmetals Rare Earth (000831.SZ), 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 RMB 1.85 trillion of assets, including RMB 896.8 billion in total assets and RMB 949.7 billion 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 “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; 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 featured by “four beams and eight columns.” The four beams consist of metals and minerals, metallurgical construction, trade and logistics, and 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, and real estate development.

In the field of metals and minerals, we possess rich reserves of metals and minerals. Overseas mines are located in Asia, Oceania, South America, and Africa. We own a number of world-class mines such as Las Bambas Copper Mine, Dugald River Zinc Mine, and Papua New Guinea Ramu Nickel and Cobalt Mine. The output of copper and zinc are among the global top 10, and the resources of tungsten, antimony, and bismuth are among the top list in the world.

In the field of metallurgical engineering construction, we have world-class metallurgical construction enterprises, which have successively undertaken the planning, investigation, design, and construction projects of major production facilities of almost all large and medium-sized domestic steel enterprises. They are the pioneers and main forces of China’s steel industry. Since entering the beginning of the new century, we have entered the international market by relying on our strong technological advantages. We have undertaken the design and construction of nearly all large and medium-sized greenfield steel projects in the world in recent years, such as the Formosa Ha Tinh Steel Project in Vietnam, Malaysia’s Kuantan united steel project, India’s TATA steel project, and ArcelorMittal’s project in Ukraine. We have developed core technical advantages and design and construction capabilities throughout all links to make great strides towards the goal of building the world’s No. 1 national team of metallurgical construction. Meanwhile, relying on the advantages of high-tech construction developed in the field of metallurgical construction for many years, China Minmetals, one of the first batch of construction enterprises and design units designated by the country to support Shenzhen’s construction, has completed the first edition of Shenzhen’s urban design planning, created the “Shenzhen Speed” in the construction of China’s first public bidding project, and accomplished the overall development and construction of several new urban areas. As such, it is a well-known domestic expert in all-round solutions of urban construction. In terms of emerging strategic industries, we have laid out six major business areas in advance, such as underground utility tunnels, sponge cities, and special-theme engineering, thus forming significant competitive advantages.

In the field of trade and logistics, we have a global network for trade flows, with global purchasing, global marketing, and the flowing scale of metallic and mineral products leading domestically.

In the field of finance and real estate, we have a number of financing licenses, with significant advantages in trust, leasing, securities, futures, finance companies, and funds. China Minmetals one of the State-owned Assets Supervision and Administration Commission’s first batch of 16 central enterprises with real estate as their main business. Minmetals Land and MCC Real Estate under China Minmetals enjoy high popularity.

We have outstanding capabilities for technological innovation. By the end of 2018, we have 14 established research and design institutions, 37 state-level sci-tech and R&D platforms such as the national key laboratory, 27,000 sci-tech personnel, 3 academicians of the Chinese Academy of Engineering, and more than 80,000 professionals. They hold 27,187 valid patents in total and serve as editor-in-chief/editor to formulate more than 1200 national and international standards. We are one of the top central enterprises in terms of scientific and technological strength.

Entering a new era, under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, all staff members of China Minmetals are embracing the philosophy of cherishing limited resources and pursuing sustainable development, proactively practicing the enterprise spirit of never falling behind schedule or getting slack, and striving to play the role of a state-owned capital investment company in the field of metals and minerals so as to make unremitting efforts to build a world-class metals and minerals corporation.

 

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