What is the purpose of the establishment of China Mineral Resources Group?

It was established to better develop some rational use of the entire mineral resources, and at the same time to be able to combine industries of a certain scale.

The establishment of mineral resources groups in China is to better allocate mineral resources and allocate resources more effectively. More rational de-exploitation of minerals.

Mineral resources are the most important and widely used metal materials in modern industry. As the world's largest steel producer, about 85% of China's iron ore imports rely on foreign imports, and Australia's iron ore imports rely on foreign countries for about 60%. At a time when the iron and steel industry is affected by the fluctuation of iron ore, China Mineral Resources Group has a registered capital of 20 billion yuan.

Its business includes the extraction of mineral resources and the sale of metal ores, and with the intensification of global economic competition and unique development, China Mineral Resources Group's influence in the global raw material resources market will play a vital role.

On July 19, China Mineral Resources Group (hereinafter referred to as China Mining Resources Group) was officially registered and established with a registered capital of 20 billion yuan and registered in Xiong'an New Area. As a newly established state-owned enterprise, Sinomine Resources Group's senior management lineup is eye-catching. According to the latest industrial and commercial information, Yao Lin, chairman of Chinalco, was appointed as the legal person and chairman of Sinomine Resources Group.

The business scope of Sinomine Resources Group includes:

Mining of mineral resources (non-coal mines), as well as mineral processing, mineral washing and processing, metal ore sales, procurement services, import and export of goods, international cargo transportation, domestic cargo transportation, general cargo warehousing services, engineering management services, chain management services, etc.

Industry insiders believe that the establishment of Sinomine Resources Group aims to enhance China's iron ore supply capacity and make up for the shortcomings of the steel industry chain.

China Minerals Corporation is one of the important origins of China Minmetals Corporation, whose history can be traced back to 1950, when China Minerals Corporation was born. In 2000, according to the development strategy of Minmetals Corporation, the original mineral company, Minmetals ** company, Minmetals Oriental Company, Minmetals Beigang Company and Minmetals Development Coke Department were merged and integrated into the entity company specializing in the strategic business sector of metallurgical industry raw materials of the group company, which expanded the connotation of the composition of the mineral company to a new realm.

China Minerals Co., Ltd. actively promotes the strategic measures of appropriately controlling upstream resources, strengthening the establishment of strategic alliances and integrating logistics platforms, and has formed a global marketing network with matrix marketing at home and abroad as the mode of operation. In 2003 and 2007, it invested in and integrated two ferroalloy production enterprises, Minmetals Guitie and Minmetals Hutie, respectively, extending the value chain and enhancing its market position. In 2005 and 2008, it successfully won the bid for the export business of metallurgical equipment in Brazil and the rail girder renovation project in Russia, realizing the effective expansion of the metallurgical industry.

In 2008 and 2009, it successively invested in the South African chrome exploration project, laying a stable foundation for the future acquisition of strategic resources.