China Minmetals Corporation's 2008 Sustainability Report was held in Beijing on the 28th. This is the second report of China Minmetals following the release of the first sustainability report in September last year. The second report of Minmetals has achieved fruitful results in the active implementation of economic, environmental, social responsibility and sustainable development.
The release of China Minmetals Corporation's 2008 Sustainability Report marks the progress of China Minmetals' social responsibility work towards standardized institutionalization. The "Report" summarizes the image of China Minmetals' sustainable development concept as a "diamond model". "Building a value of Minmetals, creating a safe Minmetals, building an ecological Minmetals, and building a harmonious Minmetals" are the four corners of the diamond. In the future, China Minmetals will release the previous annual sustainability report on time every year.
Zhou Zhongshu, president of China Minmetals Corporation, said that in 2008, the international financial crisis and catastrophic natural disasters followed, and the price of metal ore products fluctuated sharply and continued to fall. China Minmetals adopted a policy of steady operation, and its operating performance reached a record high. The main business income reached RMB 184.6 billion and the total profit was RMB 6.5 billion. The annual performance appraisal task issued by the State-owned Assets Supervision and Administration Commission was fully completed, ranking the performance appraisal of the central enterprises. Ranked 6th in the category, among the world's top 500 companies, the ranking jumped 81 places, ranking 331st.
According to the "Report", in terms of upstream resources control, China Minmetals and Gansu Nonferrous Metals Bureau and Baiyin Nonferrous Metals Co., Ltd. jointly established a joint venture company, Gansu Wuxin Mining Co., Ltd., preferably in the Qinling polymetallic metallogenic belt in southern Anhui, and the surrounding areas of Bailian. More than 30 exploration rights on metal metallogenic belts and Hexi metallogenic belts, with a prospecting area of ​​453.9 square kilometers. It jointly acquired 100% equity of Northern Peru Copper Co., Ltd. with Jiangxi Copper Co., Ltd., and obtained a resource reserve of 8.046 million tons of copper, 198.1 tons of gold and 201,000 tons of molybdenum.
In addition, the South Africa Naboom chrome ore project acquired by Minmetals completed equity delivery and company establishment in 2008. The resource prospect reserve of the project is about 30 million tons. By the end of 2008, China Minmetals had 440 million tons of iron ore reserves, 310 million tons of coking coal, 266,000 tons of tungsten ore, 48 million tons of bauxite and about 130 million tons of chrome ore exploration rights, and its resource control strength has been significantly enhanced.
According to the "Report", China Minmetals has gradually entered the field of advantageous metal production of metal ore products while implementing the development strategy of "upstream control of metal mineral resources and downstream marketing network", that is, moderately participating in the production of subdivided steel fields, and choosing to enter It helps to improve the smelting and processing of black and non-ferrous metal mineral resources.
In 2008, China Minmetals United Xinxing Casting Pipe Group Co., Ltd. and India's MNS, KGC and Sigma Minmet jointly established New India Steel Co., Ltd. in India, which will build a 6 million tons pellet and 2.5 million tons of steel. Integrated steel mill, this is the first time a Chinese company has invested in the Indian steel industry.
In April of the same year, Minmetals Nonferrous Metals Co., Ltd. completed the acquisition of a 100% stake in HPTec, a manufacturer of hard alloy micro drill bits and milling cutters for the largest PCB (electronic circuit board) in Europe, which greatly promoted the company's tungsten. The development of the industry to the deep processing sector.
As of the end of 2008, Nanchang Cemented Carbide Co., Ltd., owned by China Minmetals, has an annual production capacity of 7,000 tons of tungsten oxide, 3,000 tons of tungsten powder, tungsten carbide powder, 1000 tons of hard alloys and 6 million hard alloy hole machining tools. , entered the top five in the national hard alloy industry.
The "Report" pointed out that in 2008, China Minmetals focused on strengthening the organization system, statistical monitoring system and assessment of reward and punishment systems for energy conservation and emission reduction, increased investment in energy conservation and emission reduction technology transformation, and launched a number of energy conservation and emission reduction technology transformation projects. The effectiveness of promoting environmental protection through science and technology is very significant. China Minmetals was also named one of China's top ten green companies by Fortune Magazine.
The release of China Minmetals Corporation's 2008 Sustainability Report marks the progress of China Minmetals' social responsibility work towards standardized institutionalization. The "Report" summarizes the image of China Minmetals' sustainable development concept as a "diamond model". "Building a value of Minmetals, creating a safe Minmetals, building an ecological Minmetals, and building a harmonious Minmetals" are the four corners of the diamond. In the future, China Minmetals will release the previous annual sustainability report on time every year.
Zhou Zhongshu, president of China Minmetals Corporation, said that in 2008, the international financial crisis and catastrophic natural disasters followed, and the price of metal ore products fluctuated sharply and continued to fall. China Minmetals adopted a policy of steady operation, and its operating performance reached a record high. The main business income reached RMB 184.6 billion and the total profit was RMB 6.5 billion. The annual performance appraisal task issued by the State-owned Assets Supervision and Administration Commission was fully completed, ranking the performance appraisal of the central enterprises. Ranked 6th in the category, among the world's top 500 companies, the ranking jumped 81 places, ranking 331st.
According to the "Report", in terms of upstream resources control, China Minmetals and Gansu Nonferrous Metals Bureau and Baiyin Nonferrous Metals Co., Ltd. jointly established a joint venture company, Gansu Wuxin Mining Co., Ltd., preferably in the Qinling polymetallic metallogenic belt in southern Anhui, and the surrounding areas of Bailian. More than 30 exploration rights on metal metallogenic belts and Hexi metallogenic belts, with a prospecting area of ​​453.9 square kilometers. It jointly acquired 100% equity of Northern Peru Copper Co., Ltd. with Jiangxi Copper Co., Ltd., and obtained a resource reserve of 8.046 million tons of copper, 198.1 tons of gold and 201,000 tons of molybdenum.
In addition, the South Africa Naboom chrome ore project acquired by Minmetals completed equity delivery and company establishment in 2008. The resource prospect reserve of the project is about 30 million tons. By the end of 2008, China Minmetals had 440 million tons of iron ore reserves, 310 million tons of coking coal, 266,000 tons of tungsten ore, 48 million tons of bauxite and about 130 million tons of chrome ore exploration rights, and its resource control strength has been significantly enhanced.
According to the "Report", China Minmetals has gradually entered the field of advantageous metal production of metal ore products while implementing the development strategy of "upstream control of metal mineral resources and downstream marketing network", that is, moderately participating in the production of subdivided steel fields, and choosing to enter It helps to improve the smelting and processing of black and non-ferrous metal mineral resources.
In 2008, China Minmetals United Xinxing Casting Pipe Group Co., Ltd. and India's MNS, KGC and Sigma Minmet jointly established New India Steel Co., Ltd. in India, which will build a 6 million tons pellet and 2.5 million tons of steel. Integrated steel mill, this is the first time a Chinese company has invested in the Indian steel industry.
In April of the same year, Minmetals Nonferrous Metals Co., Ltd. completed the acquisition of a 100% stake in HPTec, a manufacturer of hard alloy micro drill bits and milling cutters for the largest PCB (electronic circuit board) in Europe, which greatly promoted the company's tungsten. The development of the industry to the deep processing sector.
As of the end of 2008, Nanchang Cemented Carbide Co., Ltd., owned by China Minmetals, has an annual production capacity of 7,000 tons of tungsten oxide, 3,000 tons of tungsten powder, tungsten carbide powder, 1000 tons of hard alloys and 6 million hard alloy hole machining tools. , entered the top five in the national hard alloy industry.
The "Report" pointed out that in 2008, China Minmetals focused on strengthening the organization system, statistical monitoring system and assessment of reward and punishment systems for energy conservation and emission reduction, increased investment in energy conservation and emission reduction technology transformation, and launched a number of energy conservation and emission reduction technology transformation projects. The effectiveness of promoting environmental protection through science and technology is very significant. China Minmetals was also named one of China's top ten green companies by Fortune Magazine.
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