Western Mining Co., Ltd.


Western Mining Co., Ltd. is a listed company in northwest China engaged in the mining, smelting, and trading of metal minerals, including copper, lead, zinc, iron, gold and silver. It is headquartered in Xining, Qinghai Province. It is currently China's second-largest producer of lead concentrate, fourth-largest producer of zinc concentrate, and seventh-biggest producer of copper concentrate with extraction rights in many metal mines overseas.

History

Its A shares were listed on the Shanghai Stock Exchange on 12 July 2007.
In 2008, the company began trial production at a smelter at its Yulong copper mine in Tibet. 17% stake of the mine was acquired from fellow mining company Zijin Mining in 2007.
Western Mining was a former constituent of SSE 50 Index. However, it was removed from the index in 2012.

Shareholders

The largest shareholder of the listed company was Western Mining Group for 28.21% shares, which controlled the listed company by majority in the board of directors. Western Mining Group itself is a subsidiary of Qinghai Provincial People's Government for 50.37% stake.