China Metallurgical Group Corporation
Encyclopedia
China Metallurgical Group Corporation (Chinese:
中国冶金科工集团公司), (MCC), is a state-owned enterprise in Beijing
, China
, engaging in EPC
(engineering
, procurement
and construction
), natural resources
exploitation
, papermaking
, equipment fabrication
, real estate
development. MCC is one of the largest equipment manufacturers in China, and the only central-owned enterprise that is authorized to run pulp-making
and papermaking businesses in China and overseas.
Its subsidiary
, China Metallurgical Corporation Limited (Chinese:
中国冶金科工股份有限公司) ,, co-invested by China Metallurgical Group Corporation and Baosteel Group Corporation (Baosteel
), was established in 2008. Its A shares and H shares were listed on the Shanghai Stock Exchange
and Hong Kong Stock Exchange
in 2009 respectively.
, Afghanistan
. In December 2009 there were about 3000 Afghan workers and about 70 Chinese engineers on site.
of the Madang Province
of Papua New Guinea
. Ramu NiCo's web site says the company is 'sponsored by' China Metallurgical Group Corporation and that at US$1.4 billion its project is China's largest overseas mining investment. The company says the project has a total reserve of 140 million tons of nickel and will have a mine life of 40 years.
The project has sparked controversy over its deep sea tailings disposal plan, previously approved by the PNG Department of Environment and Conservation, and blasting work to build the outlet was halted by an injunction in the National Court of Papua New Guinea on 19 March 2010.
Chinese language
The Chinese language is a language or language family consisting of varieties which are mutually intelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the branches of Sino-Tibetan family of languages...
中国冶金科工集团公司), (MCC), is a state-owned enterprise in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, engaging in EPC
EPC
EPC may refer to:Business, science and technology:* Earnings Per Click, a revenue analysis for online advertising* Embedded PC* Exception Program Counter...
(engineering
Engineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...
, procurement
Procurement
Procurement is the acquisition of goods or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location...
and construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
), natural resources
Natural Resources
Natural Resources is a soul album released by Motown girl group Martha Reeves and the Vandellas in 1970 on the Gordy label. The album is significant for the Vietnam War ballad "I Should Be Proud" and the slow jam, "Love Guess Who"...
exploitation
Exploitation
This article discusses the term exploitation in the meaning of using something in an unjust or cruel manner.- As unjust benefit :In political economy, economics, and sociology, exploitation involves a persistent social relationship in which certain persons are being mistreated or unfairly used for...
, papermaking
Papermaking
Papermaking is the process of making paper, a substance which is used universally today for writing and packaging.In papermaking a dilute suspension of fibres in water is drained through a screen, so that a mat of randomly interwoven fibres is laid down. Water is removed from this mat of fibres by...
, equipment fabrication
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
development. MCC is one of the largest equipment manufacturers in China, and the only central-owned enterprise that is authorized to run pulp-making
Wood pulp
Pulp is a lignocellulosic fibrous material prepared by chemically or mechanically separating cellulose fibres from wood, fibre crops or waste paper. Wood pulp is the most common raw material in papermaking.-History:...
and papermaking businesses in China and overseas.
Its subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
, China Metallurgical Corporation Limited (Chinese:
Chinese language
The Chinese language is a language or language family consisting of varieties which are mutually intelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the branches of Sino-Tibetan family of languages...
中国冶金科工股份有限公司) ,, co-invested by China Metallurgical Group Corporation and Baosteel Group Corporation (Baosteel
Baosteel
Shanghai Baosteel Group Corporation , commonly referred to as Baosteel is a state-owned iron and steel company headquartered in Shanghai, China....
), was established in 2008. Its A shares and H shares were listed on the Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
and Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 2009 respectively.
Business areas
The Company is involved in the construction of metallurgical, infrastructural facilities, other industrial projects, housing construction, municipal utility construction, installation of electrical and mechanical works, and handles high-rise buildings, mechanical engineering, electronics, power supply, petroleum, chemistry, textiles, transportation, communication, and building materials construction projects. The company also provides geo-technical engineering construction, industrial and civil construction, rock and earthwork excavation, equipment installation, and steel structure fabrication and installation services; and industrial products, including spiral welded pipes of various bore sizes, non-standard equipment, cold-rolled deformed bars, and forged precision metallic equipment. It also engages in water supply projects, sport cities development, and resource development. The company manufactures spiral coasters, and single-stand reversible cold-roll lines.Copper mining in Afghanistan
In 2007, China Metallurgical Construction Company won the bidding for the price of US Dollars 808 million. Presently it is moving ahead with a copper mining project in AynakAynak, Afghanistan
Aynak is a place in Afghanistan's Logar province, about 30 km south-southeast of Kabul.. It is the site of a large copper deposit....
, Afghanistan
Afghanistan
Afghanistan , officially the Islamic Republic of Afghanistan, is a landlocked country located in the centre of Asia, forming South Asia, Central Asia and the Middle East. With a population of about 29 million, it has an area of , making it the 42nd most populous and 41st largest nation in the world...
. In December 2009 there were about 3000 Afghan workers and about 70 Chinese engineers on site.
Nickel mining in Papua New Guinea
Ramu NiCo Management (MCC) Limited ('Ramu NiCo') is currently constructing a nickel mine in mountains above the Ramu River and processing plant on the Rai CoastRai Coast District
Rai Coast District is a district in the southeast of Madang Province in Papua New Guinea. It is one of the six administrative districts that make up the province.-Basamuk nickel processing plant:...
of the Madang Province
Madang Province
Madang is a province on the northern coast of mainland Papua New Guinea. The province has many of the country's highest peaks, active volcanoes and its biggest mix of languages...
of Papua New Guinea
Papua New Guinea
Papua New Guinea , officially the Independent State of Papua New Guinea, is a country in Oceania, occupying the eastern half of the island of New Guinea and numerous offshore islands...
. Ramu NiCo's web site says the company is 'sponsored by' China Metallurgical Group Corporation and that at US$1.4 billion its project is China's largest overseas mining investment. The company says the project has a total reserve of 140 million tons of nickel and will have a mine life of 40 years.
The project has sparked controversy over its deep sea tailings disposal plan, previously approved by the PNG Department of Environment and Conservation, and blasting work to build the outlet was halted by an injunction in the National Court of Papua New Guinea on 19 March 2010.