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Baiyin Nonferrous Group Co., Ltd. known also as BNMC[nb 1] is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China.[2]
 | |
| BNMC | |
| Company type | public |
| SSE: 601212 | |
| Predecessor | Baiyin Nonferrous Metal Corporation |
| Founded |
|
| Headquarters | No.96, Youhao Road, Baiyin District, Baiyin City, Gansu Province , |
| Products | Copper, Zinc, Lead, Silver, Gold |
| Revenue |  CN¥55.950 billion (2016) |
| CN¥635 million (2016) | |
| CN¥252 million (2016) | |
| Total assets |  CN¥44.421 billion (2016) |
| Total equity | CN¥11.122 billion (2016) |
| Website | |
| Footnotes / references in consolidated financial statement[1] | |
| Baiyin Nonferrous Group Co., Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 白银有色集团股份有限公司 | ||||||
| Traditional Chinese | 白銀有色集團股份有限公司 | ||||||
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| Baiyin Nonferrous | |||||||
| Simplified Chinese | 白银有色 | ||||||
| Traditional Chinese | 白銀有色 | ||||||
| |||||||
Since 15 February 2017, Baiyin Nonferrous is a listed company in the Shanghai Stock Exchange. In 2017, the localized version of Fortune ranked Baiyin Nonferrous as the 116th of top 500 Chinese enterprises.[3]
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The predecessor of the company was established in 1954, as one of the industrial project of the First Five Year Plan.[4] It was the main copper supplier in China,[2] however, the mining pit opened in 1956 was shut down in 1988.[2] The city of Baiyin was declared by the government as “resource exhaustion”.[2] As of 2016, the company rely on investment in China, South Africa, Peru, DR Congo and the Philippines.[1]
| Name | Percentage | Footnotes |
|---|---|---|
| Gansu Provincial People's Government | 36.16% | directly and indirectly owned |
| CITIC Guoan Group | 32.27% | privately owned company; associate company of CITIC Group |
| Ruiyuan (Shanghai) Investment Fund (Chinese: 瑞源（上海）股权投资基金) | 11.47% | a private equity fund[nb 2] |
| China Cinda Asset Management | 5.38% | state-owned |
| CITIC Group | 2.81% | state-owned |
| National Social Security Fund | 0.86% | |
| China Orient Asset Management | 0.63% | state-owned |
| China Huarong Asset Management | 0.30% | state-owned |
| China Great Wall Asset Management | 0.11% | state-owned |
| Sub-total | 89.99% |
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- Acronym of Baiyin Nonferrous Metal Corporation
- CITIC Guoan Group was one of the limited partner of the fund for CN¥200 million investment;[6] the manager and general partner of the fund was China-Africa Xinyin Investment, which CITIC Guoan Group also owned 30% share capital directly, plus an additional 30% stake via a non wholly owned (41.10%) subsidiary (Chinese: 白银有色产业集团) of CITIC Guoan Group;[7] China-Africa Development Fund owned 35% share capital in China-Africa Xinyin Investment
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