| Western Mining | |
| Foundation: | [1] |
| Founder: | Western Mining Group |
| Location City: | Xining |
| Location Country: | China |
| Area Served: | China |
| Industry: | Metal mining |
| Products: | copper, lead, zinc, iron, gold and silver |
| Revenue Year: | 2016 |
| Income Year: | 2016 |
| Net Income Year: | 2016 |
| Equity Year: | 2016 |
| Assets Year: | 2016 |
| Parent: | Western Mining Group |
| Homepage: | westmining.com |
| Footnotes: | in consolidated financial statement[2] |
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]
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 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]
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.