Western Mining Co., Ltd.

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][4] It is currently China's second-largest producer of lead concentrate,[5] fourth-largest producer of zinc concentrate, and seventh-biggest producer of copper concentrate with extraction rights in many metal mines overseas.[6]

For other uses, see Western Mining.

Western Mining
Typepublic
SSE: 601168
IndustryMetal mining
Founded28 December 2000 (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
Revenue CN¥27.776 billion (2016)
CN¥00222 million (2016)
CN¥00100 million (2016)
Total assets CN¥32.166 billion (2016)
Total equity 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

History

Its A shares were listed on the Shanghai Stock Exchange on 12 July 2007.[7]

In 2008, the company began trial production at a smelter at its Yulong (Chinese: 玉龙) copper mine in Tibet.[8] 17% stake of the mine was acquired from fellow mining company Zijin Mining in 2007.[9]

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.[10]

Shareholders
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
  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
  4. Western Mining Co. Ltd
  5. China Mining Association - China's Western Mining completes approval process for FerrAus deal - retrieved on January 23, 2009.
  6. Bloomberg - Western Mining 2008 Profit Falls More Than 50% - retrieved on January 23, 2009.
  7. 公司概况 西部矿业股份有限公司601168 (in Chinese). Shanghai Stock Exchange. Retrieved 18 June 2017.
  8. "China Western Mining to start up Tibet copper plant". Reuters. 14 October 2008. Retrieved 2017-04-11.
  9. 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.
  10. 三大指数齐调成分股 千亿指基资金大腾挪. Securities Times (in Chinese). 21 June 2012. Retrieved 18 June 2017.
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