Western Mining Co., Ltd.

Coordinates: 36°38′34.8″N 101°45′41.5″E / 36.643000°N 101.761528°E / 36.643000; 101.761528
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36°38′34.8″N 101°45′41.5″E / 36.643000°N 101.761528°E / 36.643000; 101.761528

Western Mining
Company typepublic
SSE: 601168
IndustryMetal mining
Founded28 December 2000; 23 years ago (2000-12-28)[1]
FounderWestern Mining Group
Headquarters
Xining
,
China
Area served
China
Key people
  • Zhang Yongli (chairman & president)
  • Hua Jincang (director & executive president)
Productscopper, lead, zinc, iron, gold and silver
RevenueIncrease CN¥27.776 billion (2016)
Increase CN¥00222 million (2016)
Increase CN¥00100 million (2016)
Total assetsIncrease CN¥32.166 billion (2016)
Total equitySteady CN¥11.478 billion (2016)
OwnerWestern Mining Group (28.21%)
ParentWestern Mining Group
Websitewestmining.com
Footnotes / references
in consolidated financial statement[2]
Western Mining Co., Ltd.
Simplified Chinese西部矿业股份有限公司
Traditional Chinese西部礦業股份有限公司
Western Mining
Simplified Chinese西部矿业
Traditional Chinese西部礦業

Western Mining Co., Ltd. is a listed company in northwest China engaged in the mining, smelting, and trading of metal minerals, including copper, lead, zinc, iron, gold and silver. It is headquartered in Xining, Qinghai Province.[3] It is currently China's second-largest producer of lead concentrate,[4] fourth-largest producer of zinc concentrate, and seventh-biggest producer of copper concentrate with extraction rights in many metal mines overseas.[5]

History[edit]

Its A shares were listed on the Shanghai Stock Exchange on 12 July 2007.[6]

In 2008, the company began trial production at a smelter at its Yulong (Chinese: 玉龙) copper mine in Tibet.[7] 17% stake of the mine was acquired from fellow mining company Zijin Mining in 2007.[8]

Western Mining was a former constituent of SSE 50 Index (the blue chip of Shanghai Stock Exchange). However, it was removed from the index in 2012.[9]

Shareholders[edit]

As of 31 December 2016

The largest shareholder of the listed company was Western Mining Group for 28.21% shares, which controlled the listed company by majority in the board of directors. Western Mining Group itself is a subsidiary of Qinghai Provincial People's Government for 50.37% stake.

References[edit]

  1. ^ National Enterprise Credit Information Publicity System (in Chinese)
  2. ^ "2016 Annual Report" (PDF). Western Mining (in Chinese). Shanghai Stock Exchange. 18 March 2016. Retrieved 18 June 2017.
  3. ^ Western Mining Co. Ltd[dead link]
  4. ^ China Mining Association - China's Western Mining completes approval process for FerrAus deal Archived 2014-01-16 at the Wayback Machine - retrieved on January 23, 2009.
  5. ^ Bloomberg - Western Mining 2008 Profit Falls More Than 50% - retrieved on January 23, 2009.
  6. ^ 公司概况 西部矿业股份有限公司601168 (in Chinese). Shanghai Stock Exchange. Retrieved 18 June 2017.
  7. ^ "China Western Mining to start up Tibet copper plant". Reuters. 14 October 2008. Retrieved 2017-04-11.
  8. ^ 紫金矿业今年五度收购矿山资源 (in Chinese). Zijin Mining. 16 August 2007. Retrieved 18 June 2017.
  9. ^ 三大指数齐调成分股 千亿指基资金大腾挪. Securities Times (in Chinese (China)). 21 June 2012. Retrieved 18 June 2017. [dead link]

External links[edit]

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