NSW Minerals Council welcomes new member China Molybdenum

The NSW Minerals Council welcomes its new member China Molybdenum (CMOC), majority owner and manager of Northparkes Mines, a copper and gold mining operation located near Parkes in Central West NSW. Pictured: Northparkes Mines near Parkes, NSW

CMOC is a global mining company, primarily engaged in the mining, processing, smelting, trade, research and development of molybdenum, tungsten, gold and now copper metals. It has a complete industry chain which integrates upstream and downstream processes including molybdenum mining, processing and roasting, molybdenum chemical products and molybdenum metal processing. 

 

The company’s Sandaozhuang Mine is one of the largest defined reserves of molybdenum and the second largest reserves of tungsten in the world.  CMOC was listed on the Hong Kong Limited Stock Exchange in 2007 and subsequently on the Shanghai Stock Exchange in 2012. 

 

CMOC is committed to ensuring the safety of its global employees and upholding the highest possible standards in safety, health and the environment.Focused on ensuring the sustainability of its business and the communities in which it operates, CMOC works hard to create good returns for its shareholders, employees and the communities in which it operates. 

 

Chaochun Li, Chairman of CMOC said, “On 1 December 2013 CMOC made its first overseas investment in Australia. We’re extremely proud that this investment came in the form of such a promising asset as Northparkes Mines, which has a strong heritage and a very good relationship with the local community. Northparkes represents the first step in our long-term strategy.”

 

Northparkes Mines celebrates 20 years of operation in August 2014. It also recently received government approval to extend mine life by seven years, through to at least 2032. This is an extremely positive step forward for Northparkes Mines under its new owner.

 

“This key milestone represents a significant boost to CMOC as a new investor in NSW. It reinvigorates our confidence to consider other development and investment opportunities in the state and in Australia,” said Kalidas Madhavpeddi, Overseas CEO, CMOC.  Pictured: Northparkes Managing Director, Stefanie Loader

 

We’d like to welcome CMOC to the NSW Minerals Council. We will continue to work closely with Northparkes Mines and its leadership team, including Managing Director Stefanie Loader who is Deputy Chair of the NSW Minerals Council Executive Committee and Chair of the NSW Minerals Council Health and Safety Committee.