Western Mining Co., Ltd.
Western Mining Co., Ltd. is a major Chinese metal mining and smelting company headquartered in Xining, Qinghai Province. It engages in the exploration, mining, processing, and sale of non-ferrous and precious metals, including copper, lead, zinc, iron, gold, and silver. It is one of the largest producers of lead and zinc concentrates in China.
Corporate affairs
Western Mining Group, a state-owned enterprise, holds a 28.21% controlling stake in the listed company. Western Mining Group itself is majority-owned by the Qinghai Provincial State-owned Assets Supervision and Administration Commission. The listed entity functions as the flagship vehicle for the group’s public-facing business.The company was previously a constituent of the SSE 50 Index but was removed in 2012.
History
Western Mining Co., Ltd. was established in 2000 and is a subsidiary of Western Mining Group, which is controlled by the Qinghai Provincial People's Government. It was listed on the Shanghai Stock Exchange on 12 July 2007 under stock code.In 2008, the company began trial operations at its Yulong Copper Mine in Tibet Autonomous Region, a major copper resource in the region. The company acquired a 17% stake in the project from Zijin Mining in 2007.