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Public company info - China Nonferrous Mining Corporation Limited , 01258.HK
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China Nonferrous Mining Corporation Limited, 01258.HK - Company Profile
Chairman Jinjun ZHANG
Share Issued (share) 3,489,000,000
Par Currency
Par Value 0.0
Industry Nonferrous Metal
Corporate Profile Business Summary: The Group is principally engaged in exploration, mining, ore processing, leaching, smelting and sale of copper cathodes, blister copper and sulfuric acid. Performance for the year: In 2019, the Group recorded revenue of US$2,008.7 million, representing a decrease of US$44.6 million from US$2,053.3 million in 2018. In 2019, the Group recorded profit attributable to owners of the Company of US$134.9 million, decreased by US$11.4 million from US$146.3 million in 2018. Business Review： The Group is a leading, fast-growing and vertically integrated copper producer focusing on mining, oreprocessing, leaching, smelting and sales of copper and cobalt, based in Zambia and the DRC. Sulphuric acid is a by-product generated during the blister copper smelting process. Since 2017, the Group has made greater efforts to develop cobalt business. The Group started the production of copper-cobalt alloy and cobaltous hydroxide in 2017 and 2019, respectively. In view of of the projections of cobalt demand arising from production of cells of new energy vehicles, the Company is optimistic about the long-term development prospect of cobalt. The businesses of the Group are principally carried out through the following companies: NFCA, Luanshya, CCS and SML located in Zambia, as well as Huachin Leach, CNMC Huachin Mabende, Lualaba Copper Smelter and Kambove Mining located in the DRC. In 2019, blister copper and copper anodes, and sulphuric acid produced by the Group amounted to 234,837 tonnes and 700,303 tonnes, representing an increase of 6.5% and 17.9% over last year, respectively. Copper cathodes produced amounted to 104,404 tonnes in total, representing an increase of 7.8% over last year. Affected by system improvement work, copper-cobalt alloy produced amounted to 258 tonnes, representing a decrease of 77.3% over last year. Cobaltous hydroxide produced amounted to 307 tonnes for the first time as a new product. Following the decrease of global copper price, revenue of the Group decreased by 2.2% from US$2,053.3 million in 2018 to US$2,008.7 million in 2019. Prospects: The Group will continue to follow the development strategy of becoming a fast growing, vertically integrated copper-cobalt producer to further enhance the development and possessed amount of the copper-cobalt resources through different models such as increasing geological exploration, cooperation with third parties, or market mergers and reorganisations. The Group will continue to improve the intensive and operational management level of the Company by continuously optimising the value chain management, promoting the integration of production, supply and marketing in the region and actively applying and promoting advanced and applicable technologies such as digitalised construction of mines and copper pyrometallurgy and hydrometallurgy and cobalt extraction. In addition, efforts will be made to continuously improve the level of corporate governance and achieve sustainable, healthy and rapid development of the Company by comprehensively advancing the construction of compliance and risk management systems and mechanisms.

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