Hainan Mining Co., Ltd.
601969.SS
Shanghai Stock Exchange9.41
CNY
-0.31
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Hainan Mining Co., Ltd.
601969.SS
(Shanghai Stock Exchange)
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9.41
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- Business
- Hainan Mining Co., Ltd. is a China-based company primarily engaged in the mining, mineral processing, and sales of iron ores. The company's main products include various iron ore products such as lump ores, fine ores, iron powder, and iron concentrates. Additionally, Hainan Mining operates in petroleum and natural gas exploration, development, and production, as well as commodity trade, sand and stone production, and new energy sectors including lithium resource selection, processing, and sales. The company operates a blending ore production line that offers customized blended ore products for steel mills to meet specific requirements. Founded in 2007 as a joint venture between Fosun Group and Hainan Haigang Group, Hainan Mining is headquartered in Shilu, Hainan, China, and has been listed on the Shanghai Stock Exchange since 2014 under the ticker 601969.SS. In recent developments, Hainan Mining is strategically expanding its resource portfolio beyond iron ore to include petroleum, natural gas, and new energy industries, with a particular focus on lithium hydroxide production. The company launched a 20,000 metric tons lithium hydroxide project in Yangpu Economic Development Zone, Hainan, which commenced construction in late 2022 and is expected to be operational from the first quarter of 2024. Furthermore, Hainan Mining has accelerated its global expansion through overseas projects such as the Bougouni lithium mine in Mali, the Roc Oil oilfield project in Malaysia, and a recently acquired oilfield project in Oman, establishing a minerals and energy network across West Africa, the Middle East, and Southeast Asia. In 2025, the company planned acquisitions of controlling stakes in two mining companies in Mozambique, ATZ Mining and Felston, which hold significant licenses for titanium, zircon, monazite, and rutile mining, signaling a strategic broadening into heavy mineral sands. Operationally, Hainan Mining has continued to invest in technological and green advancements, including intelligent mine construction and magnetic roasting projects aimed at improving iron ore concentrate quality and production efficiency. It sustained production of raw iron ore at approximately 4.91 million tons in 2024 and increased sales to strategic customers, maintaining a strong domestic supply relationship with major steelmakers like China Baowu Group. The company ranks among the top private and metallurgical mining enterprises in China and Hainan, reflecting its growing industrial stature and commitment to sustainable and high-quality development. Rooted in Hainan, Hainan Mining leverages national free trade port policies to accelerate growth and aims to become an internationally influential industrial development group centered on strategic resources.