 China Minmetals Corporation is an international metals and mining corporation committed to providing high-quality services globally, adhering to a development philosophy of “cherishing limited resources and pursue boundless development”. It primarily engages in exploration, mining, smelting, processing and trading for metals and minerals, and is also engaged in finance, real estate, and mining and metallurgic technology, with business scope covering 26 nations and regions in the world. It has 168 thousand employees and controls nine listed companies at home and abroad, with total assets amounting to RMB200 billion Yuan. In 2010, China Minmetals achieved operating revenue of RMB255 billion Yuan and total profit of RMB7 billion Yuan, ranking No. 228 among the Fortune Global 500 and No.6 among metal companies.
Headquartered in Beijing, China Minmetals was founded in 1950, and has long played an important role as a major import and export channel for metals and minerals in China. Entering into the new century, the Group has comprehensively pushed forward strategic transformation from a traditional state-owned enterprise under the planned economy to a modern independently-operated enterprise with strong competitiveness, from a pure import and export company to a metals and minerals group backed up by resources and covering a whole industrial chain, and from a specialized company purely engaged in operation of products to an integrated group with combination of industry and finance. Over the recent years, Minmetals has also achieved remarkable mergers and acquisitions both at home and abroad. At present, the Group has six business centers, including non-ferrous metals business center, iron ore and steel business center, ferrous mining business center, finance business center, real estate business center, as well as science and technology business center. Among them, the three core business centers focusing on metals and minerals cover integrated and cohesive industry chains with global marketing networks; in respect of the other three diversified business centers, the Group has been constantly improving their synergetic supports for the core businesses, through optimized industrial structure, promoted integration of industry and finance as well as accelerated business expansion.
As a member of United Nation Global Compact, China Minmetals has been actively honoring the Ten Principles of the Global Compact and proactively undertaking social responsibilities. During the “11th Five-year Plan” period, it paid taxes of RMB23.3 billion Yuan and accumulatively donated more than RMB100 million Yuan to charity and public welfare undertakings in education, disaster relief and poverty alleviation; China Minmetals relentlessly adheres to mutual benefits and continuously creates diversified value for stakeholders in a bid to realize joint development of the Corporation and its stakeholders.
Based on the principle of service oriented and striving for excellence, China Minmetals will draw upon its six decades’ experience, expedite the transformation of its economic development mode, constantly improve its self-innovation capacity, set up the status of “an advantageous nonferrous metal resources developer in China, the biggest iron ore supplier in China and the biggest steel products distributor in China” and strive for the vision of “being a metals and minerals group with international competitiveness” and “century-old enterprise with solid foundation and long-lasting prosperity”! |
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