Western Mining Co., Ltd. is a
listed company in northwest China engaged in the mining, smelting, and trading of metal minerals, including copper, lead, zinc, iron, gold and silver. It is headquartered in
Xining
Xining (; ), alternatively known as Sining, is the capital of Qinghai province in western China and the largest city on the Tibetan Plateau.
The city was a commercial hub along the Northern Silk Road's Hexi Corridor for over 2000 years, and wa ...
, Qinghai Province. It is currently China's second-largest producer of lead concentrate, fourth-largest producer of zinc concentrate, and seventh-biggest producer of copper concentrate with extraction rights in many metal mines overseas.
History
Its
A shares were 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 Exc ...
on 12 July 2007.
In 2008, the company began trial production at a smelter at its Yulong () copper mine in Tibet. 17% stake of the mine was acquired from fellow mining company
Zijin Mining in 2007.
Western Mining was a former constituent of
SSE 50 Index
SSE 50 Index is the stock index of 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 ...
(the blue chip of Shanghai Stock Exchange). However, it was removed from the index in 2012.
[ ]
Shareholders
The largest shareholder of the listed company was Western Mining Group for 28.21% shares, which controlled the listed company by majority in the board of directors. Western Mining Group itself is a subsidiary of Qinghai Provincial People's Government for 50.37% stake.
References
External links
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{{Authority control
Metal companies of China
Companies based in Xining
Chinese companies established in 2000
Non-renewable resource companies established in 2000
Companies listed on the Shanghai Stock Exchange
Companies owned by the provincial government of China
Former companies in the SSE 50 Index
2000 establishments in China