Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. known as Zhongjin Lingnan in China or their English name Nonfemet (abbreviation of non-ferrous metal), is a Chinese company engaged in the
mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...
and
processing
Processing is a free graphical library and integrated development environment (IDE) built for the electronic arts, new media art, and visual design communities with the purpose of teaching non-programmers the fundamentals of computer programming ...
of
lead
Lead is a chemical element with the symbol Pb (from the Latin ) and atomic number 82. It is a heavy metal that is denser than most common materials. Lead is soft and malleable, and also has a relatively low melting point. When freshly cu ...
,
zinc
Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodi ...
and other
non-ferrous metals
In metallurgy, non-ferrous metals are metals or alloys that do not contain iron (allotropes of iron, ferrite, and so on) in appreciable amounts.
Generally more costly than ferrous metals, non-ferrous metals are used because of desirable proper ...
. In 2015 financial year, the company also had 0.49% revenue from real estate development.
Lingnan is a word refer to southern China, including Guangdong province, while Zhongjin literally means China metal. As at 11 November 2016, Zhongjin Lingnan is a constituents of
SZSE 100 Index
SZSE 100 Index are indice of Shenzhen Stock Exchange. It consists of SZSE 100 Price Index () and SZSE 100 Return Index (), using the same constituents but different methodology.
Despite it was intended as the blue-chip index of Shenzhen Stock Exc ...
and
CSI 300 Index
The CSI 300 () is a capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes: the CSI 100 Index and the CS ...
.
History
The firm was established in
Shenzhen
Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
,
Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...
province in 1984, as a subsidiary of
state-owned enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
(The national corporation dissolved in 1998, which provincial government takeover the management role). Its production base is in
Shaoguan
Shaoguan (; Hakka: Seukoan) is a prefecture-level city in northern Guangdong Province (Yuebei), South China, bordering Hunan to the northwest and Jiangxi to the northeast. It is home to the mummified remains of the sixth Zen Buddhist patriarch H ...
, Guangdong province, China. Zhongjin Lingnan also purchased a Canadian company as well as a company in Australia.
Recent Developments
Zhongjin Lingnan was a signatory of a joint statement by ten of the world's top zinc producers published in 2015. In that statement, the zinc producers pledged to cut their output by 500,000 tonnes in 2016 in order to reduce overcapacities in the market and increase zinc prices.
Due to low metal prices, the company announced it would cut 100 jobs at its Australian Broken Hill mine in New South Wales, which it had acquired in 2013.
See also
*
Rising Nonferrous Metals Share
Rising may refer to:
* Rising, a stage in baking - see Proofing (baking technique)
*Elevation
* Short for Uprising, a rebellion
Film and TV
* Rising (Stargate Atlantis), "Rising" (''Stargate Atlantis''), the series premiere of the science fiction ...
another publicly traded company which Guangdong Government is the indirect major shareholder
References
External links
*
Metal companies of China
Companies based in Shenzhen
Non-renewable resource companies established in 1984
1984 establishments in China
Companies owned by the provincial government of China
Companies listed on the Shenzhen Stock Exchange
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