Hunan Nonferrous Metals Holding Group Co., Ltd. is a state-owned nonferrous metals company based in

Zhuzhou Zhuzhou ( zh, c=株洲, p=Zhūzhōu, ), formerly Jianning (建宁), is a prefecture-level city of Hunan Province, China, straddling the Xiang River southeast of the provincial capital, Changsha, and bordering Jiangxi province to the east. It is ...

Hunan Province Hunan is an inland province in Central China. Located in the middle reaches of the Yangtze watershed, it borders the province-level divisions of Hubei to the north, Jiangxi to the east, Guangdong and Guangxi to the south, and Guizhou and Chon ...

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 ...

. It is a wholly owned subsidiary of China Minmetals Corporation, which is under the supervision of the

State-owned Assets Supervision and Administration Commission The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. It was founded in 2003 through the consolidation of various other indus ...

(SASAC) of the

State Council State Council may refer to: Government * State Council of the People's Republic of China, the national cabinet and chief administrative authority of China, headed by the Premier * State Council of the Republic of Korea, the national cabinet of S ...

. The group is a major player in China's nonferrous metals industry, involved in the

mining Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...

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 ...

, processing, and trading of metals such as antimony, tungsten, tin, lead, zinc, and gold. It oversees a diverse portfolio of industrial and listed companies, and has played a central role in the consolidation of Hunan's mining sector.

History

Some of the group's assets were listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

from 2006 to 2015 under the name "Hunan Nonferrous Metals Corporation Limited" (SEHK: 2626). These included stakes in major mining units such as Hunan Yaogangxian Mining Co., Ltd. and Hunan Huangshaping Mining Branch, as well as the Duddar mine project lead-zinc joint venture in

Balochistan, Pakistan Balochistan (; ; , ) is a province of Pakistan. Located in the southwestern region of the country, Balochistan is the largest province of Pakistan by land area but is the least populated one. It is bordered by the Pakistani provinces of Khybe ...

. In 2011,

China Minmetals China Minmetals Corporation is a Chinese state-owned enterprise headquartered in Beijing. It is one of the largest metal and mineral trading companies in the world, operating in more than 30 countries across mining, metal trading, engineering ...

acquired control of the holding company, and by 2014, it announced plans to privatize the listed arm, consolidating its assets under the unlisted group structure. On 1 August 2006, the company acquired a 9.73% stake in Australian miner Compass Resources NL for 30 million Australian dollars, becoming its second-largest shareholder.

Subsidiaries and Operations

Hunan Gold Corporation Limited

One of the group's most important subsidiaries is Hunan Gold Corporation Limited (湖南黄金股份有限公司), a publicly listed company 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 ...

(). Headquartered in Changsha, it is engaged in the mining, processing, and sale of gold and antimony. Hunan Gold owns and operates several major mines including the Xinyuan Gold Mine and the globally significant Xikuangshan Antimony Mine. In 2023, it reported revenues of CN¥27.8 billion and a net income of CN¥846.5 million.

Zhuzhou Smelter Group

Zhuzhou Smelter is one of China's largest zinc producers and a major player in lead and silver smelting. It continues to expand production capacity and refine its environmental protection systems, including a 300,000-ton zinc-based materials project announced in 2023.

Chenzhou Mining Group

Another major asset under Hunan Nonferrous, Chenzhou Mining is known for its tungsten, bismuth, and rare earth production. It also plays a role in local economic development through mineral resource consolidation and infrastructure support.

References

{{authority control Government-owned companies of China Metal companies of China Companies based in Hunan Non-renewable resource companies established in 2004 Chinese companies established in 2004 2004 establishments in China