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9 biggest chinese mining companies

9 biggest chinese mining companies

The growth of China's mining industry shows no sign of slowing down. Despite a slowing economy and the continuing trade war with the United States, the Chinese steel industry shows signs of being resilient. In 2020, China produced about half of the world's steel and imported more than 70% of the worlds seaborne iron ore.

The country also produced around 90% of the worlds rare earth metals in 2019. Minerals from the mining industry in China are used to make everything from iPhones to missiles, in addition to numerous other goods that the American consumer and the U.S. economy rely on.

Eight of these nine Chinese mining companies are included in PwC's 2020 list of the 40 largest mining companies in the world. The stocks of these companies trade on the Hong Kong Stock Exchange or the Shanghai Stock Exchange.

China Shenhua is an integrated energy company that operates primarily through its coal division. The company operates several coal mines and is involved in the production and transportation of coal and coal products.

Its revenue for fiscal year 2020, was233.263 billion RMB a3.6% decrease from the previous year. Its annual revenue for 2019 was241.871 billion RMBan8.4% increasefrom 2018. The company's net income for 2020 was43.984 billion RMB, an11.6% declinefrom 2019.

China Coal Energy Company Limited mines and processes coal products. It produces thermal coal and coking coal products and also conducts coal chemical production, coal mining equipment manufacturing, pit mouth power generation, and coal mine design businesses.

Zijin Mining Group is principally involved in gold mining and smelting, though the company also mines for copper, lead, zinc, silver, and iron products in smaller quantities. For FY 2020, the company's revenue was was 171.501 billion RMB, and its net income was 8.458 billion RMB.

China Northern Rare Earth Group, formerly known as the Inner Mongolia Baotou Steel Rare Group, is engaged in producing rare earth metals, oxides, and salts. China Northern Rare Earth Group has a market capitalization of $70.409 billion USD in May 2021.

Jiangxi Copper is one of China's largest copper producers. It manufactures, distributes copper products, and produces copper cathode and other copper products. Jiangxi Copper also operates minerals development, finance, investment, trade, logistics, and other businesses.

Shaanxi Coal and Chemical mines, processes, and sells coal products. It also produces long flame coal, caking coal, noncaking coal, gas coal, lump coal, washed coal, coal chemicals, and other products.

China Molybdenum is a mineral mining and exploration company. It mines for molybdenum, tungsten, niobium, cobalt, copper, and more. For the first quarter of 2020, the company's revenue was 22.38 billion RMB. Its revenue for 2019 was 68.68 billion RMB, and its net income was 1.766 billion RMB.

Shandong Gold Mining operates gold mining and production businesses. It provides gold exploration, processing, and outsourcing of gold smelting services. It also operates gold jewelry purification and non-ferrous metal production businesses.

Yanzhou Coal Mining Company Limited operates coal businesses. The company produces fine coal, blown coal, power coal, and coal chemical products. Yanzhou Coal Mining also operates power generation, railway transport, machinery manufacturing, and heating businesses.

china faces risks due to high chrome, manganese, nickel import reliance report

china faces risks due to high chrome, manganese, nickel import reliance report

According to the firm, its in-house chromium, manganese and nickel ore databases and forecasting show that China has become the largest importer of these metals due to the growth of the countrys alloy industry together with its burgeoning steel output.

The net import reliance (portion of imports required to meet demand from alloy output) for the past six years on chromium, nickel and manganese ore are calculated at 100%, 83% and 68%, respectively, Roskills analysis shows. Chinas net import reliance(%) of chromium and nickel are both much higher than manganese ore, however, the import reliance on manganese has been increasing rapidly in recent years as domestic ore supply dwindles.

Luckily for China, figures shared during the summit by the International Manganese Institute show that, in 2021, global manganese ore production is expected to increase by 7.6Mt, reflecting a post-pandemic recovery and additional supply from new projects in Australia, South Africa and Brazil. In 2022, global ore output is expected to increase further by 5.5Mt.

As an example of the criticality of supply risk, Roskill underscored a recent development in the nickel ore market, related to Indonesias decision to impose an export ban. Since the country has been a major source of nickel ores for nickel pig iron producers in China, the ban has dried up supply and left plants lacking feedstock.

For chromium ore, on the other hand, the market researcher said it is important to pay attention to South Africas proposed export tax, which would be added to chromite to support the countrys struggling ferrochrome industry.

South Africa is the major import source for China and the country accounts for the vast majority of supply, and even though there have been no clear announcements on the export tax implementation, Roskill believes that Chinese ferrochrome producers could be faced with accounting for the impacts of such a tax, as substitution opportunities are limited compared to the scale of South African supply.

indonesia sees china firms lead 'commitment' for $35bn nickel investments

indonesia sees china firms lead 'commitment' for $35bn nickel investments

Indonesia expects to see investment in nickel processing, as well as petrochemicals, double to $35 billion by 2033, led by investors from China seeking to expand their businesses in Southeasts biggest economy.

Chinese steel and battery companies operating in Indonesia met with the countrys Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan during his recent visit to Yunnan province, the ministers spokesman Jodi Mahardi said.

Among the projects discussed was a plan by Chinas Contemporary Amperex Technology Co Ltd (CATL) and Ningbo LygendMiningCo to create an integrated lithium battery production facility, according to Jodi, who said it would be their largest such facility in the world.

The companies, along with others including Tsingshan Holding Group and Delong Holdings, currently have around $16 billion invested in Indonesia and made a commitment to the minister to increase their collective investment to around $20.9 billion by 2024 and to around $35 billion by 2033, said Jodi.

Indonesia, a major nickel ore producer, is keen to expand as a nickel processing hub, starting from steel, to extracting battery grade chemicals from the ore, and eventually producing batteries for electric vehicles (EVs) and building EVs.

A group of Indonesian state-owned companies are planning to form a venture to make batteries for EVs, the chief executive ofMiningIndustry Indonesia said this week, and the new company would partner with Chinese and Korean firms on projects valued at $12 billion.

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