Continue to be a leader in health, safety & environment
Build a world class position in base, industrial and specialty minerals and metals
Improve production technologies and operational efficiency
Acquire & diversify markets, products & geography
Leverage relationships to maximize asset values
CMOC International, a wholly owned subsidiary of CMOC, is a natural resources company focused on operating the international mining and mineral processing holdings of CMOC, including operations in the Democratic Republic of the Congo, Brazil, and Australia. Our world-class operations produce copper, cobalt, niobium, and phosphates. Our diverse portfolio of long-life assets positions us to address the world’s need for high quality metals and minerals.
CMOC International’s parent company, CMOC owns and operates the award-winning Sandaozhuang Mine which is one of the largest defined reserves of molybdenum and the second largest reserve of tungsten in the world. It feeds several tungsten and molybdenum processing facilities around the cities of Luanchuan and Luoyang in Henan Province.
CMOC International announced on 16 November 2016 that CMOC has completed the acquisition of 100% interest of Freeport-McMoRan DRC Holdings Ltd., which holds Freeport’s indirect 56% interest in the Tenke Fungurume copper-cobalt mine (TFM).
“We are pleased to have the opportunity to acquire this renowned copper and cobalt mine that is uniquely large-scale, low-cost and long-lived. Tenke is well positioned to generate strong cash flow throughout the commodity cycle”, CMOC Chairman and Executive Director Mr. Li Chaochun commented.
CMOC International CEO Mr. Kalidas Madhavpeddi said “This acquisition of Tenke is consistent with our international growth strategy and our disciplined approach while achieving earnings, commodity, and geographic diversification. By virtue of its substantial mineral endowment, and proper stewardship, we look for Tenke to continue producing high-grade copper for decades to come.”
TFM will bring to CMOC International’s operational portfolio a scarce, world-class producing copper-cobalt mine with substantial upside.
CMOC acquired 100% interest of Anglo American’s niobium and phosphate operations in Brazil, South America. The niobium and phosphates assets diversifies CMOC’s leadership position as the second-largest supplier of phosphates in Brazil and the second-largest global supplier of niobium. The phosphate and niobium reserves have a long life and are the highest quality in Brazil.
Northparkes Mines has a vision of a century of mining together. Located in the Central West of NSW, Northparkes is a miner and a farmer. Northparkes Mines is the most automated underground mine in the world. It has high-quality copper deposits and low-cost operations, with decades of excellent mineral deposits and an entire mineral field to continue to explore.
CMOC is an international natural resources company with a diverse portfolio of mineral assets.
CMOC (China Molybdenum Co Ltd) was established in the People’s Republic of China in 2006. CMOC is listed on the Hong Kong Limited Stock Exchange (HK3993-2007) and the Shanghai Stock Exchange (SH603993-2012).
CMOC’s major investors include Cathay Fortune Corporation and Luoyang Mining Group Co., Ltd., (aggregate holding approximately 63% equity). The remainder in publicly held via exchanges amongst shareholders in China, Hong Kong and the USA.
CMOC is one of China’s largest molybdenum and tungsten producers. As the second largest producer of tungsten, CMOC produces just over 10 percent of China’s annual tungsten concentrate production.
CMOC’S recently announced completed transaction in Brazil, the niobium business strategically adds to CMOC’s existing molybdenum and tungsten business as it is a critical value input for specialized alloys and steel production. Due to vigorous demand and supply dynamics in Brazil, the phosphate business has an attractive long-term fundamentals and positive outlook.
The acquisition of the indirect stake in Tenke-Fungurume Mines and inclusive of Northparkes Mines, CMOC becomes a significant contributor to the world copper market, and one of the world’s largest producers of cobalt. CMOC International operates and manages CMOC’s world class mines in Africa, Brazil, and Australia.
The company is a leader in health, safety and environmental responsibility. Zero Harm operations describes CMOC’s approach to every aspect of its operations. CMOC cares for its people, the environment, and the communities in which its people live and work.
CMOC operates under global best practices in terms of the health, safety environment and people. Its Australian operations operate under an integrated ISO14001 certified EHS management system.
The company’s operations in China and Australia have been awarded and recognized for excellence in the areas of health, safety, environment and community engagement.
CMOC believes in the importance of a strong reputation and places enormous value on open and honest communication.
CMOC enjoys close relationships in the communities in which it operates – Parkes and Luoyang. At Northparkes there is a nationally recognized community volunteer leave program that encourages employees to volunteer their time to work on community projects. For more information on this project.
Since its acquisition by CMOC, Northparkes has gone from strength to strength in respect to Zero Harm Operations. Since 2013, Northparkes has decreased recordable injuries and in 2015 achieved six consecutive months’ injury-free. This is the longest period in the history of Northparkes without a recordable injury and evidences a sustained shift in its safety culture.
On the event of its 20th year of operation, Northparkes was cited by the Hon. Anthony Roberts MP, NSW Minister for Industry, Resources and Energy, as “a shining example of how mining can contribute, by not only co-existing with agriculture, the environment and local communities, but actually helping regions thrive.”