From laying the foundations in salt lakes to exploring the deep sea, and from technological breakthroughs to global expansion, every achievement serves as a medal of perseverance, and every step forward fulfills the mission of strengthening the nation. Three years of deep reform have yielded ten flagship achievements. By breaking new ground through innovation and thriving through solid action, China Minmetals continues to write new chapters in the reform and development of central state-owned enterprises (SOEs).

1. Strategic Pillars Securing the National Granary: Establishment of China Salt Lake Industry Group to Fortify the World-Class Salt Lake Industry Base

In 2025, China Minmetals and Qinghai Province jointly established China Salt Lake Industry Group Co., Ltd. (China Salt Lake). The group has emerged as a pivotal force in building a world-class salt lake industry base and safeguarding China's grain resource security.

China Salt Lake manages the Qarhan Salt Lake—the largest soluble potassium-magnesium salt deposit in China and the second largest in the world—alongside the Yiliping Salt Lake, a large-scale comprehensive magnesium sulfate-type salt deposit. With a mining area of nearly 4,060 square kilometers, the group possesses a complete suite of mature potassium chloride processing technologies and world-leading large-scale lithium extraction technology from salt lakes, making it China's premier production base for potash and salt-lake lithium salts.

2. New Milestone for "Double-Ultra" Mines: Successful Bid for Liaoning Huahonggou Iron Mine to Bolster Ferrous Metal Competitiveness

In 2025, China Minmetals successfully won the bid for the Liaoning Huahonggou Iron Mine project. This marks another investment in a "Double-Ultra" mine—referring to ultra-deep shafts and ultra-large scale—adding 1.895 billion tons of iron ore resources to the company's portfolio.

The Huahonggou Iron Mine features high resource volume and excellent ore grade. Once completed, it will secure the upstream raw material supply, enhance China Minmetals' competitiveness in the ferrous metal sector, and drive the formation of a regional industrial cluster with a complete value chain spanning "mining and dressing, steel smelting, and intensive processing."

3. A New Journey in Deep Mining: Construction Commences at Chentaigou Iron Mine, Creating a Benchmark for Original Technology Sources

Construction has begun on the Chentaigou Iron Mine, an ultra-large-scale underground mine with a depth of over 1,000 meters and an annual capacity of 10 million tons. As a major project and a quintessential scenario for the future "deep mineral resource exploration and development" industry, it aims to be a benchmark for the "Source of Original Technologies."

The R&D team was honored with the "Scientific and Technological Innovation Team Award." In the first half of 2025, the project’s No. 1 conveyor inclined shaft was successfully connected, marking the completion of China’s first large-angle, long-distance inclined shaft in a non-coal mine.

4. Reaching New Summits through Tech Empowerment: Winning Three National Science and Technology Awards, Demonstrating Industry Leadership

China Minmetals secured three National Science and Technology Awards. The "Key Technologies and Applications for Preparing Ultra-Stable Materials via Low-Calcium Reconstruction of Bulk Fine-Grained Solid Waste" was awarded the Second Prize of the State Technological Invention Award.

The "Intelligent Automation and Precise Control System for Efficient Conversion in Non-ferrous Metallurgy" and the "Development and Application of Key Common Technologies for Electromagnetic Control in Large-Scale Metal Billet Preparation" both received Second Prizes of the State Scientific and Technological Progress Award.

5. Breaking Bottlenecks via Domestic Substitution: Ultrafine Tungsten Carbide Powder Project Selected as National Major Project, Fortifying the Cemented Carbide Industry

The ultrafine tungsten carbide powder project has been included in the National "14th Five-Year Plan" Major Projects and the "Top 100 Projects" for Strategic Emerging Industries of Central SOEs. Often referred to as the "chips" of the cemented carbide industry, ultrafine tungsten carbide powder has long been dependent on imports.

The project reached full production capacity immediately upon launch in 2025, achieving domestic substitution for high-performance ultrafine tungsten carbide powder. This ensures the autonomy and controllability of the entire cemented carbide industrial chain, while increasing production efficiency nearly fourfold and significantly improving product quality.

6. A Model of China-Peru Cooperation: Major Breakthrough in Deep Exploration at Las Bambas Fortifies World-Class Copper Resource Sustainability

Through focused exploration, the Las Bambas mine in Peru has achieved breakthrough results in newly discovered resources, providing robust support for the long-term sustainability of this world-class copper asset.

For years, Las Bambas has remained steadfastly focused on "expanding resources, boosting output, and ensuring sustainability." By fully tapping into resource potential and expanding copper reserves, the mine has continuously strengthened its operational management and production efficiency. Adhering to the principle of localized management, it has actively contributed to local economic growth, job creation, and public welfare. By integrating corporate growth into the broader local socio-economic development, Las Bambas has pioneered a demonstrative path for the high-quality development of overseas mining, balancing stable production with social progress.

7. Upgrading Innovation Platforms: Approval of the First National Technology Innovation Center in Mineral Resources to Secure Rare Metal Development

China Minmetals has been granted approval to establish the National Technology Innovation Center for the Efficient Development of Strategic Rare Metal Minerals. In July 2024, the center, led by China Minmetals in collaboration with multiple partners, received official authorization.

As the first national-level technology innovation center in China's mineral resources sector, it plays a vital role in safeguarding national resource security and enhancing industrial control. The center focuses on breaking through key technological bottlenecks across the entire value chain, leading the way for leapfrog development in the exploration of China's strategic rare metal resources.

8. Building High Grounds for Innovation: Construction of National-Level Sources of Original Technologies to Enhance Core Technology Supply

China Minmetals has consolidated scientific and technological resources in its areas of strength to collaboratively build a "Source of Original Technologies." The company established a Leading Group for the construction of original technology sources to reinforce organizational leadership and resource allocation. By deploying and advancing multiple action plans, it continues to elevate its capacity for providing original technological solutions.

9. Expanding into Africa: Successful Acquisition of Khoemacau Copper Mine in Botswana to Build Africa’s Second Largest Copper Production Base

In 2024, China Minmetals successfully completed the acquisition of the Khoemacau Copper Mine, located in the Kalahari Copper Belt of Botswana, aiming to establish the second-largest copper industry base in Africa.

The mining area boasts 6.4 million tons of copper resources spread across 4,000 square kilometers. With its superior metallogenic background and prospecting conditions, it ranks among the top ten copper deposits in Africa. The planned expansion will further strengthen China Minmetals' ability to fulfill its mission of securing vital resources.

10. Forward-Looking Layout for Future Industries: Leading the Formation of Deep-Earth and Deep-Sea Innovation Consortia to Capture "New Quality Productive Forces"

Future industries serve as the primary frontier for developing "New Quality Productive Forces." China Minmetals has proactively aligned itself with the "9+6" strategic layout for central SOEs, undertaking various tasks in future-oriented industries.

In 2024, the company took the lead for the first time in forming two innovation consortia for future industries—Deep-Earth and Deep-Sea Mineral Resource Exploration and Development—while receiving approval for multiple key research tasks. Driven by specialized scientific projects, the group has established six internal innovation consortia, including "Safe and Intelligent Mining of Deep Ten-Million-Ton Level Metal Mines."