Special Strategic Vehicles

CITIC Metal

Beijing, China/CopperZinc

1

Project

1

Country

3

Alliances

0

ESG Flags

HEADQUARTERSBeijing, China
OVERSIGHTMinistry of Finance direct (not SASAC)
MINERALS
COPPERZINC

Resource investment arm of massive CITIC Group conglomerate. Acts as strategic investor and financier rather than direct operator. Largest single shareholder in Ivanhoe Mines (~29%).

Founded with Deng Xiaoping's blessing (1979)Bank of China funding supportVast capital depth from CITIC Group

Leadership Structure

Chairman of CITIC Group

ZH

Zhu Hexin

Chairman of CITIC Group

Executive Leadership

WX

Wu Xianwen

General Manager of CITIC Metal Group (Ivanhoe Board 2025)

Senior Executives

SY

Sun Yufeng (Miles Sun)

Former President (retired 2022)

LW

Li Weijian

Chairman & CEO of South Manganese

DG

Dr. Guo Aimin

Former Chairman CITIC Dameng

Mining Operations

1DRC

DRC

1 OPERATION

Ivanhoe Mines Investment

Multiple

2018$1.0B

Largest single shareholder in Ivanhoe Mines (~29%) with over $1B invested. Provides offtake rights for copper produced at Kamoa-Kakula.

CopperZinc1 PARTNER
Joint venture withSouth Manganese

Strategic Alliances

Critical

Ivanhoe Mines

Largest single shareholder (~29%) with over $1B invested. Wu Xianwen (CITIC Metal GM) appointed to Ivanhoe board in 2025. Receives offtake rights for copper without assuming direct operational risk.

Equity Investment
High

Gabon Government

2010 agreement for Bembélé Manganese Mine. 10% capital ceded to Gabonese state in updated mining convention.

Local State
High

Guangxi Dameng

Joint venture partner in CITIC Dameng/South Manganese for manganese operations.

Provincial SOE