Under the leadership of the Party, the Belt and Road has become a popular international public product and an international cooperation platform. As one of the first enterprises to go global in Gansu province, Jinchuan has actively promoted the construction of the Belt and Road and strengthened overseas cooperation.
At present, the company has carried out cooperation in the development of nonferrous metal mineral resources in over 30 countries and regions around the world, and has become a multinational company that has realized the global allocation of resources, and global distribution of assets and businesses. It has a production capacity of 230,000 tons of nickel, 1.1 million tons of copper, 17,000 tons of cobalt, 10 tons of platinum group metal, 30 tons of gold, 600 tons of silver, 220 tons of selenium and tellurium, and 6 million tons of chemical products. Its output of nickel and cobalt ranks third and fourth respectively in the world; the output of copper ranks fourth in China, and the output of mineral platinum group metals ranks first in Asia.
The open-pit mine of the Ruashi Project of Metorex Limited [Photo provided to en.jnmc.com]
Since the implementation of the Belt and Road Initiative, Jinchuan has been actively conducting cooperation and exchanges in the development of mineral resources and the trade of mining products with enterprises of countries involved in the initiative. It has constantly worked to improve the management mode of “led by Jinchuan, integrated with China and the West, systematic supported and comprehensive development", and to integrate the advantages of techniques, management and talents of the company, in a bid to make the overseas mines of Jinchuan reach the international advanced level in terms of resource scale, technical level, and management mode.
The Chibuluma copper mine of Jinchuan Group in Zambia [Photo provided to en.jnmc.com]
During the construction of the Belt and Road, Jinchuan Group has explored and obtained overseas high-quality resources, and successively acquired 10 nonferrous metal mines through equity investment and the acquisition of 6 overseas mining companies, including Recursos Tyler S.A. de C.V., ALbidon Zambia Ltd., the Continental Minerals Corp, Wesizwe Platinum Limited, Metorex Limited, and PT. Wanatiara Persada. Meanwhile, with BHP, Corporacion Nacional del Cobre de Chile, Trafigura, and other well-known international companies, Jinchuan has carried out in-depth cooperation in raw material procurement, electric copper trade, capital operation, advanced equipment and other areas, continuously expanded its use of foreign capital and the overseas investment model, formed a good development structure of resource projects, and constructed a new situation of open cooperation in an all-round, multi-level and wide-ranging manner.
The Musonoi Project of Metorex Limited [Photo provided to en.jnmc.com]
