China Minmetals Regains Prosperity via Operation, Management Reform

China Minmetals Corporation (China Minmetals) improved its competitiveness, innovation and anti-risk capability in 2020 to grow into an internationally-leading metal mining enterprise.

The company clarified reform goals, optimized industrial layout and improved its management system and capacity, making a leapfrog development during the 13th Five-Year Plan (2016-20).

It improved market-oriented operation mechanisms and promoted system innovation, giving more rights of strategy making, investment management, recruitment and appointment and major financial affairs to subsidiaries, and boosted employees' morale by improving the performance appraisal system and widening employees' development channels.

China Minmetals' management assets reached 2.16 trillion yuan ($333.72 billion) from 2016 to 2020 and the growth of its operating revenue exceeded 40 percent compared to that in the 12th Five-Year Plan (2010-15).

A view of China Minmetals' International Ore Exchange Center in Caofeidian, Tangshan, North China's Hebei Province [Photo/sasac.gov.cn]

(Executive editor: Wang Ruoting)