Central SOEs

China Minmetals

Beijing, China/EST. 1950/CopperCobalt

2

Projects

2

Countries

0

Alliances

0

ESG Flags

HEADQUARTERSBeijing, China
ESTABLISHED1950
OVERSIGHTCentral SASAC
MINERALS
COPPERCOBALT

Fortune Global 500 central SOE operating internationally through Hong Kong-listed MMG Limited, headquartered in Melbourne. Projects 'Western' corporate face while retaining state control.

68% ownership of MMG LimitedSovereign-backed financial securityPolicy bank support from CDB/Eximbank

Leadership Structure

Chairman

Chen Dexin

Chen Dexin

Chairman & Party Secretary (Minmetals Group)

Senior Executives

Zhu Kebing

Zhu Kebing

Director

Wang Jiezhi

Wang Jiezhi

Director

Ao Hong

Ao Hong

Outside director

Gao Lieyang

Gao Lieyang

Outside director

Sun Jiakang

Sun Jiakang

External director

Hou Xiao

Hou Xiao

Outside director

Zhang Zhenrong

Zhang Zhenrong

Outside director

Mining Operations

1Botswana1DRC

Botswana

1 OPERATION

Khoemacau Copper Mine

Kalahari Copper Belt

2024$1.9B

Major strategic acquisition in 2024 for ~$1.9B enterprise value. Diversifies risk profile away from DRC into higher credit rating jurisdiction.

Copper1 PARTNER
Joint venture withMMG

DRC

1 OPERATION

Kinsevere Mine

Katanga

2012

Mature copper asset with Kinsevere Expansion Project (KEP) transitioning from oxide to sulphide ores. Adding cobalt processing with $600M investment for ~20k tonnes cobalt hydroxide/year.

CopperCobalt1 PARTNER
Joint venture withMMG