Tongling Nonferrous Metals Group Holding Company Limited is a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

involved in the extraction of

copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang ...

resources and

smelting Smelting is a process of applying heat and a chemical reducing agent to an ore to extract a desired base metal product. It is a form of extractive metallurgy that is used to obtain many metals such as iron-making, iron, copper extraction, copper ...

of copper and other

non-ferrous metals In metallurgy, non-ferrous metals are metals or alloy An alloy is a mixture of chemical elements of which in most cases at least one is a metal, metallic element, although it is also sometimes used for mixtures of elements; herein only meta ...

. It was founded in 1949 in

Tongling Tongling () is a prefecture-level city in southern Anhui province of China. A river port along the Yangtze River, Tongling borders Wuhu to the east, Chizhou to the southwest and Anqing to the west. As of the 2020 census, its population was 1, ...

Anhui Anhui is an inland Provinces of China, province located in East China. Its provincial capital and largest city is Hefei. The province is located across the basins of the Yangtze and Huai rivers, bordering Jiangsu and Zhejiang to the east, Jiang ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, and began production in 1952. It is one of the largest copper smelting companies in China. The

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

and

listed company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...

of Tongling Nonferrous Metals Group Holdings Company Limited, Tongling Nonferrous Metals Group Company Limited, was established in 1992 and listed on the

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

in 1996 ().

Mining operations

Notable projects include: * Mirador Mine: The company holds a stake in the Mirador copper-gold open-pit mine in southeastern

Ecuador Ecuador, officially the Republic of Ecuador, is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. It also includes the Galápagos Province which contain ...

, one of two mines in the country. The project is developed under a joint venture with CRCC-Tongguan Investment Co., Ltd., and has drawn international attention as one of China’s major overseas mining investments. * Shaxi Copper Mine: Located in Anhui Province, China, the Shaxi Copper Mine is a modern underground mine wholly controlled by Tongling. While primarily developed as a copper mine, it also produced an estimated 649,180 ounces of gold in 2023, making it the largest gold-producing mine in China by output.

References

External links

Tongling Nonferrous Metals Group Holding Company Limited

Tongling Nonferrous Metals Group Company Limited
{{authority control Non-renewable resource companies established in 1949 Companies based in Anhui Government-owned companies of China Metal companies of China Companies listed on the Shenzhen Stock Exchange 1949 establishments in China