Hunan Nonferrous Metals Explained

Hunan Nonferrous Metals
Foundation:2004
Location City:Zhuzhou, Hunan
Location Country:China
Key People:He Renchun (何仁春) (Chairman)
Area Served:Worldwide
Industry:Nonferrous metals production and sales
Parent:China Minmetals
Module:
Child:yes
S:湖南有色金属控股集团有限公司
T:湖南有色金屬控股集團有限公司
P:Húnán Yǒusè Jīnshǔ Kònggǔ Jítuán Yǒuxiàn Gōngsī
Order:st

Hunan Nonferrous Metals Holding Group Co., Ltd. is a nonferrous metals company of China. It is a subsidiary of China Minmetals, which in turn indirectly under supervision of State-owned Assets Supervision and Administration Commission.

Some of the assets of the conglomerate was listed in Hong Kong Stock Exchange from 2006 to 2015 as "Hunan Nonferrous Metals Corporation Limited" (SEHK: 2626).[1] (The holding company retained Hunan Yaogangxian Mining Co., Ltd., Hunan Huangshaping Mining Branch and a joint venture (Duddar mine).) However, in 2014 China Minmetals announced the plan to privatization of the listed company, which China Minmetals already took control of the holding company "Hunan Nonferrous Metals Holding Group Co., Ltd." in 2011.

On 1 August 2006 it purchased a 9.73 percent share in Compass Resources NL of Australia for 30 million Australian dollars.[2]

Notes and References

  1. Web site: 招股说明书. Prospectus. Hunan Nonferrous Metals Corporation Limited. Chinese.
  2. News: Hunan Nonferrous Metals becomes 2nd largest stockholder of Australian miner . People's Daily Online . 2006-10-04 . 2008-01-07 .