China Mining Group was established.

On July 19, China Mineral Resources Group Co., Ltd. (hereinafter referred to as China Mining Group) was formally incorporated with a registered capital of 20 billion yuan and registered in xiong'an new area. As a newly established central enterprise, the senior management team of China Mining Resources Group attracts attention. According to the latest industrial and commercial information, Yao Lincheng, chairman of Chinalco Group, is the legal person and chairman of China Mining Resources Group.

The business scope of China Mining Resources Group includes:

Mining mineral resources (non-coal mines), as well as mineral processing, mineral washing and processing, metal ore sales, procurement agency services, import and export of goods and import and export agents, international freight forwarders, domestic freight forwarders, general cargo storage services, engineering management services, supply chain management services, etc.

The insiders believe that the establishment of China Mining Resources Group aims to improve the iron ore supply capacity of China and make up for the shortcomings of steel industry chain resources.