CMOC Group Limited（China Molybdenum Company Limited）

Company: CMOC Field: Report CMOC Group Limited (Luoyang Luanchuan Molybdenum Industry Group Co., Ltd.) Executive Summary Company Overview CMOC Group Limited is a major Chinese multinational mining corporation headquartered in Luoyang, Henan Province. Listed on both the Shanghai Stock Exchange (SSE: 603993) and Hong Kong Stock Exchange (HKEX: 3993), the company operates across 10+ countries spanning Asia, Africa, the Americas, and Europe. With approximately 20,000 employees globally, CMOC has established itself as China's most internationally prominent mining enterprise, ranking 850/1000 in brand recognition. Key Financial Performance (FY2025) CMOC delivered strong financial results with revenue of approximately RMB 180 billion (~USD 25 billion), representing 12.5% year-over-year growth. Net profit reached RMB 12 billion, up 15.5%, while total assets expanded to RMB 220 billion (10.5% increase). International operations contributed 70% of total revenue, demonstrating the company's successful global diversification strategy. Business Segments CMOC operates across four primary segments: - Copper Operations (50% of revenue): Production reached 400,000 tons, up 18.5%, positioning CMOC as a globally significant copper producer. Revenue contributed approximately RMB 90 billion. - Cobalt Operations (20% of revenue): Output of 25,000 tons (20.5% growth) establishes CMOC among the world's leading cobalt suppliers, with revenue of approximately RMB 36 billion. - Molybdenum/Tungsten Operations (15% of revenue): Traditional core business with 2 million tons of molybdenum concentrate production, maintaining CMOC's position as one of the world's largest molybdenum producers. - Other Operations (15% of revenue): Includes niobium, phosphorus, and diversified mineral products. Competitive Advantages CMOC's strengths include a diversified multi-metal resource portfolio spanning copper, cobalt, molybdenum, tungsten, and niobium. The company's world-class copper-cobalt assets in the Democratic Republic of Congo (TFM and KFM projects) represent core growth drivers. Vertical integration from mining through processing to global trading, combined with advanced mining technologies and digitalization initiatives, delivers operational efficiency. The company's mature ESG framework and established local community relationships across operating regions further strengthen its competitive position. Strategic Outlook (FY2026 and Beyond) CMOC's strategic priorities focus on accelerating production growth, particularly through capacity expansion at its DRC copper-cobalt operations. The company will continue strengthening international operations through enhanced risk management and deeper localization. Sustainability remains central, with commitments to advancing green mining practices, improving ESG standards, and maintaining transparent governance. New project development and existing asset optimization will support continued production growth, positioning CMOC for sustained leadership in global mining.