China Molybdenum Co.

China Molybdenum Co. Profile and History

CMOC is an international natural resources company with a diverse portfolio of mineral assets. CMOC (China Molybdenum Co Ltd) was established in the People's Republic of China in 2006. CMOC is listed on the Hong Kong Limited Stock Exchange (HK3993-2007) and the Shanghai Stock Exchange (SH603993-2012). CMOC's major investors include Cathay Fortune Corporation and Luoyang Mining Group Co., Ltd., (aggregate holding approximately 63% equity). The remainder in publicly held via exchanges amongst shareholders in China, Hong Kong and the USA. CMOC is one of China's largest molybdenum and tungsten producers. As the second largest producer of tungsten, CMOC produces just over 10 percent of China's annual tungsten concentrate production. CMOC'S recently announced completed transaction in Brazil, the niobium business strategically adds to CMOC's existing molybdenum and tungsten business as it is a critical value input for specialized alloys and steel production. Due to vigorous demand and supply dynamics in Brazil, the phosphate business has an attractive long-term fundamentals and positive outlook. The acquisition of the indirect stake in Tenke-Fungurume Mines and inclusive of Northparkes Mines, CMOC becomes a significant contributor to the world copper market, and one of the world's largest producers of cobalt. CMOC International operates and manages CMOC's world class mines in Africa, Brazil, and Australia.