About Western Mining Company

The company was restructured and established by the Qinghai Dachaidanxi Tieshan Mining Administration. It is headquartered in Xining City, Qinghai Province, and listed on the Shanghai Stock Exchange on July 12, 2007. It has more than 30 (branch) subsidiaries and holding companies in 11 provinces, municipalities and autonomous regions across the country, and its business scope covers mining, non-ferrous smelting, financial trade, salt lake chemicals, etc. The company is mainly engaged in the selection, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, iron, etc., as well as the production and sale of rare precious metals such as molybdenum, nickel, vanadium, gold, silver, etc., and sulfur concentrates, and is also involved in the salt lake chemical industry. The company's main mining products include copper concentrate, zinc concentrate, lead concentrate, iron powder, pellets, etc.; the main smelting products include electrolytic copper, zinc ingots, lead, etc.; the main products of Salt Lake Chemical include high-purity magnesium hydroxide, high-purity magnesium oxide, anhydrous hydrofluoric acid, etc. The company has won dozens of national and industry honors, including the “National May 1st Labor Award”, “China's Industrial Industry Leading Enterprise”, “China's Top 10 Mining Enterprises”, “China's Industrial Economy Advanced Collective Demonstration Unit”, “National Innovative Enterprise”, “National Skilled Talent Cultivation Outstanding Contribution Award” and “Advanced Unit for Scientific and Technological Work in China's Nonferrous Metals Industry”. As of June 30, 2023, the company has total resource reserves of 6.1774 million tons of copper metal, 1,6513 million tons of lead metal, 2,8815 million tons of zinc, 372,200 tons of molybdenum, 6443 million tons of vanadium pentoxide, 2712,000 tons of nickel metal, 12.75 tons of gold, 2,146.49 tons of iron (ore), 258.614,600 tons of iron (ore), and 304.625 million tons of magnesium chloride.