Jinchuan Group Ltd. (
Chinese
Chinese can refer to:
* Something related to China
* Chinese people, people of Chinese nationality, citizenship, and/or ethnicity
**''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation
** List of ethnic groups in China, people of ...
: 金川集团) is a Chinese company based in
Gansu
Gansu (, ; alternately romanized as Kansu) is a province in Northwest China. Its capital and largest city is Lanzhou, in the southeast part of the province.
The seventh-largest administrative district by area at , Gansu lies between the Tibet ...
. It produces the metals
nickel
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...
,
copper
Copper is a chemical element with the symbol Cu (from la, cuprum) 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 pinkis ...
,
cobalt
Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, pr ...
,
platinum
Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver".
Platinu ...
,
palladium
Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself na ...
,
gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
,
silver
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
and
selenium
Selenium is a chemical element with the symbol Se and atomic number 34. It is a nonmetal (more rarely considered a metalloid) with properties that are intermediate between the elements above and below in the periodic table, sulfur and tellurium, ...
. As of 2007 it has the capacity to produce 150,000 metric tons of refined nickel per year, producing 90% of China's output, and is the largest nickel producer in
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
. It produces 400,000 tons of copper per year, the fourth largest in China. The company reported that it would make a profit of 10 billion
yuan in 2007 compared with 7.2 billion yuan in 2006, with sales of 50 billion yuan.
In October 2007, it was reported that it was planning to raise 30 billion yuan in an IPO some time in the next 10 months.
In 2011, Jinchuan outbid
Vale S.A. in seeking to buy the mining company
Metorex
Metorex is a mining company based in Johannesburg, South Africa.
It has assets in the Democratic Republic of the Congo (DRC), Zambia and elsewhere.
A takeover bid by the Jinchuan Group of China valued the company at US$1.1 billion. Since January 2 ...
for $1.32 billion. This bid was successful, and Metorex became a subsidiary in early 2012.
The ''Jinchuan Group'' is a majority (60.01%) shareholder of ''Jinchuan Group International Resources Co.'', which is publicly traded on the Hong Kong stock market (). As of December 2021, the group was considering taking this company private.
References
External links
Company website
Government-owned companies of China
Metal companies of China
Companies based in Gansu
Companies established in 1959
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