The Group is China's largest nationwide supplier of raw materials for the metallurgical industry and also the largest steel trading company, having formed a complete chain in the industry. Minmetals has reserves of 600 million tons of iron ore and 250 million tons of coking coal. The company is among the nation's largest exporters of coke, coal, ferroalloys and refractory materials and largest importer of iron ore, vessels for demolition, steel scraps, slabs and billets. The Group sells 20 million tons of steel products every year.
In the resources exploration area, China Minmetals has been active in the geological exploration and mining rights. The Group has made breakthroughs in iron ore exploration in Nihe, Anhui Province, together with China Geological Survey. This is a model project in geological operation for the public good to promote commercial exploration and a breakthrough in looking for mineral reserves in the central part of the country. In iron ore production and steel industry, China Minmetals owns Hanxing Metallurgical Mine Administration, the nation's biggest independent iron ore mine and actively develops new mines in Anhui and Shandong provinces. China Minmetals Development Company Limited, a listed company with a majority of shares controlled by the Group, has invested in Yingkou Medium-Heavy Plate Plant, Guizhou and Hunan ferroalloys companies, having expanded its production capacities in steel products and ferroalloys. Together with other Chinese partners, Minmetals has built a steel complex with an annual production capacity of 6 million tons of pellets and 2.5 million tons of crude steel in India, which represents China's first investment in the Indian steel industry. In the sales of steel products, the Company has kept long-term relations of cooperation with both domestic and overseas steel companies and built up a fully-fledged marketing network and distribution and processing centers for steel products, thus the Group has strong abilities to provide quality steel products from all over the world and provide its customers with services of purchasing, processing and distributions. Minmetals also exports metallurgical equipment, providing Brazil with blast furnaces with an annual capacity of 1.5 million tons of crude steel. So far it has been China's biggest metallurgical equipment export project.
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