A Chinese mining company has established a new subsidiary in Kazakhstan with a registered capital of $150 million at the Astana International Financial Centre, according to a report by Finmentor.
The company, Beijing Huaxia Jianlong Mining Science & Technology Co., Ltd., registered its local entity under the name Tianlong Mining Kazakhstan Co., Ltd.
About the company
Founded in 2003, Huaxia Jianlong is involved in the exploration, production, processing and sale of mineral resources. It operates across several regions of China and holds mining rights to key metals, including iron, copper, lead, zinc and molybdenum.
In 2020, the company reported revenue of 10.744 billion yuan (about $1.5 billion) and profit of 1.042 billion yuan. Its confirmed resource base includes 5.66 billion tons of iron ore. Its largest asset is the Benxi Longxin mining deposit in Liaoning province, with reserves estimated at 2.484 billion tons.
Industry position
Huaxia Jianlong ranked sixth among China’s 50 largest metallurgical mining companies in 2020 and placed 48th among Beijing’s top 100 private enterprises.
Plans in Kazakhstan
In September 2024, reports indicated that Jianlong Group is considering building a steel and steel products manufacturing plant in Kazakhstan.
