- China Metallurgical Group Corporation
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China Metallurgical Group Corporation
中国冶金科工集团公司
Type State-owned enterprise Industry Metallurgy Founded 1982 Headquarters Beijing, People's Republic of China Area served People's Republic of China Key people Chairman: Mr. Jing Tianliang Subsidiaries China Metallurgical Corporation Limited Website China Metallurgical Group Corporation China Metallurgical Group Corporation (Chinese: 中国冶金科工集团公司), (MCC), is a state-owned enterprise in Beijing, China, engaging in EPC (engineering, procurement and construction), natural resources exploitation, papermaking, equipment fabrication, real estate development. MCC is one of the largest equipment manufacturers in China, and the only central-owned enterprise that is authorized to run pulp-making and papermaking businesses in China and overseas.[1][2]
Its subsidiary, China Metallurgical Corporation Limited (Chinese: 中国冶金科工股份有限公司) (SSE: 601618),(SEHK: 1618), co-invested by China Metallurgical Group Corporation and Baosteel Group Corporation (Baosteel), was established in 2008.[3] Its A shares and H shares were listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange in 2009 respectively.[4][5]
Contents
Business areas
The Company is involved in the construction of metallurgical, infrastructural facilities, other industrial projects, housing construction, municipal utility construction, installation of electrical and mechanical works, and handles high-rise buildings, mechanical engineering, electronics, power supply, petroleum, chemistry, textiles, transportation, communication, and building materials construction projects. The company also provides geo-technical engineering construction, industrial and civil construction, rock and earthwork excavation, equipment installation, and steel structure fabrication and installation services; and industrial products, including spiral welded pipes of various bore sizes, non-standard equipment, cold-rolled deformed bars, and forged precision metallic equipment. It also engages in water supply projects, sport cities development, and resource development. The company manufactures spiral coasters, and single-stand reversible cold-roll lines.
Copper mining in Afghanistan
In 2007, China Metallurgical Construction Company won the bidding for the price of US Dollars 808 million. Presently it is moving ahead with a copper mining project in Aynak, Afghanistan. In December 2009 there were about 3000 Afghan workers and about 70 Chinese engineers on site.[6]
Nickel mining in Papua New Guinea
Ramu NiCo Management (MCC) Limited ('Ramu NiCo') is currently constructing a nickel mine in mountains above the Ramu River and processing plant on the Rai Coast of the Madang Province of Papua New Guinea. Ramu NiCo's web site says the company is 'sponsored by' China Metallurgical Group Corporation and that at US$1.4 billion its project is China's largest overseas mining investment. The company says the project has a total reserve of 140 million tons of nickel and will have a mine life of 40 years.[7]
The project has sparked controversy over its deep sea tailings disposal plan, previously approved by the PNG Department of Environment and Conservation, and blasting work to build the outlet was halted by an injunction in the National Court of Papua New Guinea on 19 March 2010.[8][9]
References
- ^ Introduction of China Metallurgical Group Corporation
- ^ China Metallurgical Group Corporation
- ^ China Metallurgical Corporation Limited Founded in Beijing
- ^ China Metallurgical sets A-share IPO price range
- ^ China Metallurgical to launch largest HK IPO in 18 months
- ^ Christian Neef, Spiegel.de No 52/2009
- ^ http://www.ramunico.com/
- ^ http://ramumine.wordpress.com/2010/03/20/landowners-get-temporary-injunction-to-stop-construction-work/
- ^ http://www.miningweekly.com/article/court-injunction-halts-ramus-underwater-tailings-displacement-facility-2010-03-22
External links
Hang Seng China 50 Index Constitutent StocksA shares/H shares Bank of Beijing · Bank of China · Bank of Communications · China Construction Bank · China CITIC Bank · China Life Insurance · China Merchants Bank · China Merchants Securities · China Minsheng Bank · China Pacific Insurance · CITIC Securities · Everbright Securities · Haitong Securities · Industrial and Commercial Bank of China · Industrial Bank · Ping An Insurance · Shanghai Pudong Development BankOtherAir China · Angang Steel · Anhui Conch Cement · Baosteel · BYD · Aluminium Corporation of China · China Coal Energy · China Communications Construction · China COSCO · China Railway Construction · China Railway Engineering · China Shenhua · China State Construction · China Telecom · China Vanke · Daqin Railway Company · Datang Power · Huaneng Power · Kweichow Moutai · MCC · Petrochina · Shanghai Electric · Shanghai Automotive · Shanghai Port · Sinopec · Yangtze Power · Zijin MiningRed chip Others 
Metal companies of ChinaAluminum Corporation of China Limited • CITIC Resources • Chihong Zinc and Germanium • China Metallurgical Group Corporation • China Minmetals • China Molybdenum • China Zhongwang • Hunan Nonferrous Metals • Jiangxi Copper • Jinchuan Group • Jinduicheng Molybdenum • Shenzhen Zhongjin Lingnan Nonfemet Company • Tongling Nonferrous Metals • Western Mining Company • Xingye Copper • Xinjiang Xinxin Mining Industry Company • Shaanxi Youser Group • Yunnan Copper • Yunnan Tin • Zhaojin Mining • Zijin Mining
Metal companies of ChinaUyghur:جۇڭگو مىتاللورگىيە گۇروھى شىركىتى
Categories:- Companies listed on the Shanghai Stock Exchange
- Companies listed on the Hong Kong Stock Exchange
- SSE 50 companies
- H shares
- Central-owned enterprises of the People's Republic of China
- Metal companies of China
- Companies established in 1982
- Companies of the People's Republic of China
- Companies established in 2008
- Warrants issued in Hong Kong Stock Exchange
- 1982 establishments in China
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