China Minmetals posts best year in 2019 after the merger

Since the formal merger with China Metallurgical Group Corporation (MCC) in June 2016, China Minmetals Corporation (Minmetals), a top state-owned mining investment, metals trading and engineering and construction company, posted the best-performing year in 2019 with its annual revenue up 13.4% on year to over Yuan 600 billion ($86 billion).

“The (2019) result was the best since the strategic combination and restructuring (in June 2016),” Minmetals said in its January 6 release, confirming that the company fulfilled its annual performance target. Last year, Minmetals’ net profit grew nearly 29% on year, and its profit growth averaged about 148% on year for the past