Baiyin Nonferrous Group Co., Ltd. ( zh, 白银有色集团股份有限公司), also known as BNMC, is a major Chinese
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 mining, smelting, and processing of nonferrous metals, including copper, lead, zinc, silver, and gold. Headquartered in
Baiyin,
Gansu Province
Gansu is a provinces of China, province in Northwestern China. Its capital and largest city is Lanzhou, in the southeastern part of the province. The seventh-largest administrative district by area at , Gansu lies between the Tibetan Plateau, Ti ...
, the company is a key player in China's nonferrous metals industry and has significantly expanded its global footprint in recent years.
Corporate affairs
As of 2017, the company's major shareholders included:
*
Gansu Provincial People's Government – 36.16%
*
CITIC Guoan Group – 32.27%
* Ruiyuan (Shanghai) Investment Fund – 11.47%
*
China Cinda Asset Management
China Cinda Asset Management Co., Ltd., doing business as Cinda or China Cinda, is a Chinese distressed asset management company headquartered in Beijing.
The corporation was founded as a state-owned enterprise and a bad bank for China Constru ...
– 5.38%
*
CITIC Group
CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. ...
– 2.81%
History
The company's predecessor, Baiyin Nonferrous Metal Corporation, was founded in 1954 as one of the major industrial projects of the First
Five-Year Plan.
It became China’s primary copper supplier, although the main copper mine in Baiyin was depleted and shut down in 1988.
The company was formally incorporated in 2008 and listed on the
Shanghai Stock Exchange
The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...
in 2017 under the ticker symbol . It was ranked 116th in the ''Fortune China 500'' list in 2017.
Operations
BNMC engages in the mining, refining, and trading of nonferrous metals, with operations in China and overseas.
Domestic Operations
Baiyin Nonferrous operates major mining and smelting facilities in Baiyin, Gansu Province, which historically served as China's primary copper production base. It has expanded its domestic presence to other provinces, focusing on lead, zinc, silver, and gold production.
Africa
BNMC has significantly expanded in Africa:
* In March 2019, BNMC acquired a 29.6% stake in Gold One Group Limited (South Africa) from the China-Africa Development Fund for approximately CNY 2.2 billion.
* Through its subsidiary, Baiyin International Investment, the company also acquired the
Twangiza Mine in the
Democratic Republic of the Congo
The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is t ...
from
Banro Corporation in 2020 after Banro filed for bankruptcy. The acquisition price was nominal, due to operational disruptions and liabilities.
South America
In April 2025, BNMC acquired Mineração Vale Verde (MVV) from Appian Capital Advisory for US$420 million. MVV operates the Serrote copper-gold mine in Alagoas, Brazil. This acquisition marked BNMC’s entry into the South American market.
References
External links
Official website
{{CITIC
Metal companies of China
CITIC Group
Companies listed on the Shanghai Stock Exchange
Baiyin
Chinese companies established in 2008
Government-owned companies of China
Companies based in Gansu