China Railway Resources Group Co., Ltd. (referred to as CREC Resources), established in February 2007, is a wholly-owned subsidiary of China Railway Group Limited?(CREC), which is listed among the Fortune Global 500 Companies and the World's 500 Most Influential Brands. The company is headquartered in Beijing with a registered capital of 5.427 billion yuan.
[Scope of Business]
CREC Resources is widely involved in the exploration, mining, smelting, sales and technical services of precious metals, non-ferrous metals and other mineral resources, as well as engineering project investment, construction management and import and export of goods. It has established an operation pattern characterized by a focus on the exploitation of mineral resources and well-coordinated linkage between infrastructure, trade and logistics.
[Industrial Layout]
CREC Resources owns 5 mines, including the Luming Molybdenum Mine (Heilongjiang), 3 copper-cobalt mines in the DRC (namely SICOMINES, COMILU, MKM), and the Mongolian Ulaan Lead-Zinc Mine. In addition, it operates and manages the Busanga Hydropower Station in the DRC. Among these mining assets, the SICOMINES Copper-Cobalt Mine is a world-class super-large copper-cobalt mine, and the Luming Molybdenum Mine is the largest molybdenum monomineral in Asia. By the end of 2024, CREC Resources has mineral reserves of various metals, including 6.966 million tons of copper, 542,000 tons of cobalt, 569,000 tons of molybdenum, 395,000 tons of lead, 790,000 tons of zinc, and 2,230 tons of silver.
[Production Capacity]
CREC Resources treats 27.75 million tons of ore per annum. The designed annual production capacity of main products is expected to reach 310,000 tons of copper, 8,683 tons of cobalt, 114,000 tons of molybdenum, 9,945 tons of lead, and 18,000 tons of zinc. The Busanga Hydropower Station has a total installed capacity of 240 megawatts and generates 1.3 billion kWh of electricity annually.
[Development Advantage]
Relying on CREC's strong construction, infrastructure investment and development capabilities, CREC Resources has innovatively implemented the "mineral resources + infrastructure" joint development and investment model. This model reflects the cooperation concept of "improving people's livelihood through infrastructure projects, bringing benefits to shareholders through mining projects, and achieving common development of all parties." Thus, the Group has realized mutual benefits and win-win outcomes among the government, enterprises and local people where the projects are located.
[Composition of Employees]
CREC Resources currently has 2,418 Chinese employees, 81% of whom have a university degree or above. The Group employs 4,958 local?employees in the DRC, Mongolia, etc., with the proportion of local employees exceeding 80%.
CREC Resources is willing to work hand in hand with friends from all walks of life at home and abroad to make new and greater contributions to the development of global mineral resources and economic and social progress.
