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He Wenbo Meets Wang Jianping, Chairman of CEEC

China Minmetals Corporation 2016-05-06

On May 6, Chairman and Party Secretary He Wenbo met in Beijing a delegation led by Wang Jianping, Chairman and Party Secretary of China Energy Engineering Corporation Limited (hereinafter referred to as CEEC), and the two sides reached consensus on further cooperation and mutual development. The Deputy General Manager and Party Group member Jiao Jian, and the Standing Members of the Party Committee and Deputy General Managers of CEEC Zhao Jie and Yu Gang also attended the meeting.

Wang Jianping introduced the historical development and general situation of CEEC. Restructured in September 2011 with electric survey, design, construction and repairing enterprises in 15 provinces (cities and regions) subordinate to China Gezhouba (Group) Corporation, China Power Engineering Consulting Group Co., Ltd., State Grid Corporation of China and China Southern Power Grid Co., Ltd., CEEC is a central enterprise, and a comprehensive construction group corporation providing integrated service of the whole industry chain including planning, design, construction and operation for energy and infrastructure construction. It has a registered capital of 26 billion Yuan and total assets of 250 billion Yuan. In 2015, it realized the operating income of 208.9 billion Yuan and profit of 7.8 billion, ranking the 391st among the Fortune Global 500.

He Wenbo extended his welcome to the delegation, and gave a brief introduction of the history and business development of Minmetals. He also elaborated on the new strategic positioning and development concept under the current economic situation and metal and mining industry trends. He said that Minmetals is actively creating the state-owned capital investment platform for the metal mineral field, in order to guarantee the safety of metal and mineral resources for the State, guide the transformation and upgrading of the advantageous metals of the State, enhance the overall operation efficiency and international competitiveness of the industry, and become a first-class metal and mineral corporate group in the world.

At the meeting, Jiao Jian raised the suggestion and expectation to complement each other's advantages and cooperate with each other in going out with Minmetals’ own experience in obtaining high-quality resources overseas through mergers and acquisitions. General Manager of Minmetals International Gao Xiaoyu introduced the overseas development and basic situation of the potential projects overseas. Later, the two sides conducted in-depth exchange and consultation on strengthening overseas business cooperation and implementing the strategy of “cooperation in going out” for central enterprises.

Director of Strategy and Investment Department Zhao Gang and Director of International Business Department Chen Gong of CEEC, Director of the General Office & Party Group Office & Board Office of Minmetals Zhang Ye, and General Manager of Corporate Planning and Development Department Xu Zhongfen also attended the meeting.