Will China Mineral Resources Group set up a local mineral resources branch?

No. China Mineral Resources Group Co., Ltd. is a wholly state-owned company directly managed by the central government and an investment institution authorized by the state. Established on July 25, 2022. According to official website of China Mineral Resources Group Co., Ltd., China Mineral Resources Group will not set up local mineral resources branches due to different accounting and tax payment forms. The business scope includes mineral resources exploitation, mineral processing, mineral washing and processing, and metal ore sales.