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    From the President

    Since its establishment in 1983, after several generations of leadership and efforts of all staff, China Nonferrous Metal Mining (Group) Co., Ltd. (CNMC) has grown into one of the major forces which boost the development of nonferrous metal industry. Especially in overseas investment and cooperation, CNMC has accumulated rich experience in terms of investment, development, mergers and acquisitions, and integral development. It has also built a good talent pool. Based on its good performance, CNMC got listed on "Fortune 500" for the third year consecutively, and ranked at 390 in 2015 which shows great potential in the future.

    At present, with slow recovery of global economy, downward pressure of Chinese economy and the twin issues of low price and high cost facing the whole nonferrous metal industry, the future development of CNMC is constrained by production capacity surplus, technical skills and environmental protection demands. There is a big challenge before us, and CNMC has to speed up transformation and upgrading, and quality and level enhancing to cope with all the constraints. At the same time, as China is carrying out more profound reforms, starting a serial of opening up strategies including One belt, one road Initiative, and advancing the Made in China 2025 concept, it will definitely provide room for CNMC to adapt to the new normal of China's economy to realize an upswing against the negative economic environment.

    In the future, with the support and kind care of Chinese government and industrial association,  CNMC will put more focus on its main businesses, upgrade good resource reserve, raise up project profitability, optimize resource allocation, encourage qualified and potential subsidiaries to extend industrial chain to higher level, keep out strategic perspective with times, and consolidate the first-strike advantage of go global, and make more contribution to invigorating Chinese central enterprises.

    Readiness to converge with others makes a mountain high and a river mighty. Standing at the new starting point of history, CNMC will closely follow the principles and policies of Chinese government, unite everyones effort to work steadily and make solid progress to build the company into a world top-class mining group with even more solid conviction, strong perseverance, and practical attitude, and to achieve joint prosperity, joint development, and joint growth with all of its partners. This is also the responsibility CNMC should undertake as a Chinese central enterprise.