China Minmetals Corporation (CMC), the country's largest metals and minerals group, recorded its best ever revenue and profit last year.
The performance was due to robust metallic ore and engineering business.
CMC said its project contracting picked up pace last year, especially in countries and regions along the Belt and Road. Its trade volume of copper concentrate surpassed a million tonnes for the first time, and 10.6 billion yuan of investment was made in new energy materials.
The mining giant has seen rapid business growth since taking over China Metallurgical Group Corporation in late 2015, a major deal that strengthened its position in the metallic mining sector.
CMC chairman Tang Fuping said the state-firm would press ahead with market-oriented adjustments this year to further improve competitiveness.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Conference and Exhibition 2018 Was held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: m.balanzskin.com.
