China's CMRG establishes unit for international trading business

Source: Mysteel Mar 27, 2024 12:00

China Mineral Resources Group (CMRG), the state-owned company managing domestic mineral resources, has set up a new company to handle mineral sales and trading business recently, Mysteel Global learned.

China Mineral Resources Group International Supply Chain Co., a wholly owned subsidiary of CMRG, was formally established on March 25 with a registered capital of Yuan 2 billion ($281 million), according to Chinese corporate registration information provider Tianyancha. Headquartered in Shanghai, the new company's business scope includes but not limited