CITIC Construction is the construction and engineering subsidiary of the

CITIC Group CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping ...

, a

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 ...

state owned conglomerate. With

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

2.73 billion in revenue in 2011, the company is ranked among the 100 largest construction companies in the world. CITIC Construction in 2010 formed a consortium with zinc producer Baiyin Non-Ferrous Group to make an equity investment of $185 million in Oxus Gold, a gold miner with assets in Central Asia. The financing deal gave the consortium a 59.7% stake in the company which had planned to use the funds to develop the Amantaytau Goldfields, an asset it held 50% of the ownership to in Uzbekistan. The goal at the time of the deal was to expand annual production at the Uzbek mine to 300,000 ounces. On a two-day visit to Angola in 2012,

Chang Zhenming Chang Zhenming (Simplified Chinese: 常振明), born October 1956 in Beijing, China, is the Chairman of CITIC Group and the Chairman and Managing Director of CITIC Group's Hong Kong listed subsidiary company, CITIC Pacific. Education and early life ...

head of the

announced that the company was halfway through completing a plan to build 100,000 homes across 10 provinces in the country.

References

{{Gold mining companies of China Construction and civil engineering companies of China 1960 establishments in China