1. Starting a business with great efforts (1959-78)
July 1958
A nickel mine was found in Jinchang, Northwest China's Gansu province.
June 1959
Northwest China Metallurgical Construction Company was set up.
October 1959
Yongchang Nickel Mine was established.
November 1959
The first project in the development of Jinchuan Nickel Mine started construction.
June 1962
Longshou Mine was founded. A small-scale open-pit mining approach was adopted to explore mineral resources in oxidized ore at an altitude of over 1,703 meters in Longshou Mine.
October 1963
A small-scale open-pit mine in Longshou Mine was put into operation.
1964
The first smelting production line, with a designed annual production capacity of 1,200 metric tons of nickel matte and 300 metric tons of electrolytic nickel, was put into use, resulting in production of 2,041 metric tons of nickel matte and 22.43 metric tons of electrolytic nickel that year.
April 1965
Platinum metals passed trial production. The year saw the production of about 8.48 kilograms of platinum and palladium.
May 1965
Longshou Mine began underground mining.
August 1968
Eight varieties of rare precious metals, namely platinum, palladium, gold, silver, osmium, ruthenium, rhodium and iridium, were extracted from Jinchuan Nickel Mine, laying a solid foundation for Jinchuan to become China's nickel and cobalt production base and an extraction hub of platinum metals.
2. Boosting business via technology-driven development (1978-2000)
1978
Jinchuan was listed as one of China's three largest bases for the comprehensive utilization of mineral resources.
1985
Jinchuan’s nickel production hit 20,000 metric tons.
1989
A Jinchuan-led resource development and comprehensive utilization project was conferred with a special National Science and Technology Progress Award.
1990
Jinchuan Company signed a contract with Metallurgical Construction Company of China to undertake stripping and auxiliary projects in the open-air mining site of Saindak Copper Mine in Pakistan. It was the first time for the company to enter the overseas market and it accumulated valuable experience for the expansion of its presence in other countries.
1993
A nickel flash smelting furnace, the first of its kind in Asia and the fifth in the world, was put into production, marking China’s top global ranking in nickel smelting and creating a new landmark for the development of Jinchuan and the country’s nickel industry.
1995
Accomplishment in design of a phase-two smelting technological process marks the completion of the whole life-journey of exploration, beneficiation and smelting procedures.
3. Embarking on a journey of going global (2000-16)
2000
Jinchuan Group Company kicked off the development of production technologies related to nickel carbonyl industrialization.
2001
Jinchuan Group Co., Ltd. was established and a modern corporate system was initially set up.
2004
Jinchuan Group built the Lanzhou Jinchuan Technology Park to implement its technology-driven development strategy.
2005
A copper-cobalt alloy project in the Democratic Republic of the Congo, also the first project built independently by Jinchuan Group Engineering and Construction Co., Ltd. in Africa, started production.
2006
Jinchuan Group started the construction of its oxygen-enriched top-blowing nickel smelting project, which was designed to handle one million metric tons of copper-nickel concentrate and produce 60,000 metric tons of sulfur in its nickel-sulfur composite per year.
2008
Jinchuan Group acquired Recursos Tyler S.A. de C.V, a company located in Canada, and owned 100 percent of the Bahuerachi Copper Mine in Mexico.
2010
Munali Nickel Mine in Zambia, which is the first overseas nickel project controlled and managed by Jinchuan Group, resumed production. The firm obtained 100 percent of the nickel mine’s equity three years later.
2011
Jinchuan Group and the China-Africa Development Fund jointly purchased 51 percent of Wesizwe Platinum Limited’s equity, gaining control of its platinum mines. The annual business turnover of Jinchuan Group surpassed 120 billion yuan ($17.78 billion) in the year, making it the first firm in Gansu province whose revenue exceeded 100 billion.
September 2013
Jinchuan Group International Resources Co., Ltd. purchased 100 percent stake of South Africa's Metorex Limited from Jinchuan Group. The deal marked that Jinchuan Group International Resources has become Jinchuan Group's flagship in the expansion of its overseas presence.
July 15, 2016
Lanzhou Jinchuan Advanced Materials Technology Co., Ltd. was listed in National Equities Exchange and Quotations, also known as the New Third Board, with Jinchuan Technology as its security abbreviation and 837205 as its stock code.
Nov 25, 2016
The WP & RKA laterite nickel mine project undertaken by PT. Wanatiara Persada started construction, which marked Jinchuan Group’s entrance into the sector.
4. Building a world-class enterprise (2017-)
2017
Jinchuan Group took an active part in the building of the Belt and Road Initiative. The Chifupu deposit of Chibuluma Copper Mine in Zambia was completed and put into operation; Metorex transformed from a loss-making enterprise into a profitable one, with its profit hitting 306 million yuan; Kinsenda Copper Company in the DRC reached anticipatory results in production and sales; and PT. Wanatiara Persada’s laterite nickel mine project had a cumulative investment of 313 million yuan, a symbol of the stable progress made by Jinchuan Group in its overseas expansion.
Nov 5 to 10, 2018
Jinchuan Group held in-depth exchanges with internationally renowned companies, including Australian mining giant BHP Group Limited, Corporacion Nacional del Cobre de Chile, Trafigura Group and Kazakh Steel Plc, clinching deals worth over nine billion yuan on the purchase of rudimentary materials, the trade of electrolytic copper, capital management and advanced equipment.
November 2018
Jinchuan Group worked with Huanghe Hydropower Development Co., Ltd., a subsidiary of State Power Investment Corporation Limited, and the Bureau of Geological Exploration & Development of Qinghai Province to develop a nickel and cobalt mine in Xiarihamu of Qinghai province. It is the second largest nickel-cobalt sulfide ore in China.
July 22, 2019
Jinchuan Group ranked 369th among Fortune Global 500 companies, being the first Gansu-based firm on the list.
November 2019
PT. Wanatiara Persada produced qualified ferro-nickel products and achieved its annual overseas sales target of lateritic-nickel ore ahead of schedule.
Jan 27, 2020
Seven key medical workers from Jinchuan Group’s staff hospital went to Wuhan, capital of Central China's Hubei province, to aid the city better fight against the COVID-19 pandemic.
The year also saw the commercialization of 5G plus track transportation driverless project in Longshou Mine, 5G plus mining truck remote control project in the Mining area II, and 5G plus self-operated crushing system in mineral processing plants.
2021
Jinchuan Group invested 5.12 million yuan in 17 specific poverty relief schemes. It won the title of Outstanding Gansu Provincial Poverty Alleviation Collective for eight consecutive times.
Jinchuan Group’s business turnover reached 262.2 billion yuan and its total profits and taxes surpassed 12.7 billion yuan. All its key indicators hit record highs and opened up a good start in the 14th Five-Year Plan (2021-25) period.
2022
In 2022, Jinchuan Group ensured the overall prevention and control of COVID-19, as well as its production and operation, as it continued to strive to build a world-class enterprise. The revenue throughout the year exceeded 300 billion yuan (about $44.2 billion), and the company ranked 339th in the list of 2022 Fortune Global 500 companies.
Jinchuan Group actively integrated into the regional development pattern of "one core area with three economic belts" of Gansu province, and promoted the "four intensifications" action, striving for the construction of key projects. Throughout the year, 73 projects were approved and 54 of them started construction.
Jinchuan Group's overseas projects implemented classified policies, organized epidemic prevention and control and ensured production and operation work as a whole; made every effort to deal with the impact of COVID-19 on production organization, material security, and personnel access, and achieved the goal of ensuring epidemic prevention and control and production. All work progressed steadily, and its overseas business developed rapidly. International business accounted for more than 30% of the Jinchuan's total assets.
