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Stock Quote HKEx Stock Code: 01205
Business Strategies

CITIC Resources is an integrated provider of strategic natural resources and key commodities with particular focus on the energy sector. Through a number of acquisitions in the past few years, the Company and its subsidiaries (collectively the "Group") have succeeded in expanding the business scope and building up a well-established operations in these industries with good partnership and collaboration with leading industry players, both within and outside China.

Our key focus going forward is to boost the development capability, profitability and risk resistance of its businesses while leveraging both on its parent's unique position in the Chinese business world and on its witnessed abilities to further increase market penetration and strive for competitiveness. In a nutshell, we shall continuously strengthen our core business and identify new investment opportunities with a view to further enhancing the profitability and maximizing our shareholders’ value
Our businesses and interests in natural resources currently include:

  • Partial interests in Alumina Limited, which invests in bauxite mining, alumina refining and selected aluminium smelting operations world-wide, through its 40% ownership of Alcoa World Alumina and Chemicals ("AWAC"), the world's largest alumina producer,
  • the Portland Aluminium Smelter, in which the Company has an indirect participating interests of 22.5%, being one of the largest and most efficient aluminium smelting operations in the world,
  • the Coppabella and Moorvale coal mines in Queensland, in which the Company has an indirect participating interests of 14%, which is one of only five producers of low-volatile "Pulverised Coal Injection" coal in Australia,
  • CITIC Resources Australia Pty Ltd, an indirect wholly-owned subsidiary of the Company, which its subsidiaries manages the operations of the import and export of commodities in Australia,
  • CITIC Seram Energy Limited, an indirect wholly-owned subsidiary of the Company, which is the operator responsible for managing and operating exploration and development at the Seram Island Non-Bula Block,
  • Tincy Group Energy Resources Limited, a 90%-owned subsidiary of CITIC Haiyue Energy Limited, which is in turn an indirect wholly-owned subsidiary of the Company, holds the right to explore, develop and operate the oilfield in the Hainan – Yuedong Block,
  • CITIC Oil & Gas Holdings Limited, an indirect wholly-owned subsidiary of the Company, owns 50% interest of JSC Karazhanbasmunai which is engaged in the development, production and sale of oil and holds the right to explore, develop, produce and sell oil from the Karazhanbas oilfield, and
  • CITIC Dameng Holdings Limited, an associate of the Company, which is in charge of the operation of manganese mining and the sale of refined manganese products in the People's Republic of China as well as the exploration of manganese mining in Gabon, Western Africa.


Updated: 02 March 2018

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