- Business
- South Manganese Investment Limited (1091.HK), an investment holding company incorporated in Bermuda in 2005 and headquartered at Room A02, 35th Floor, United Centre, 95 Queensway, Admiralty, Hong Kong, engages in manganese mining, ore processing, and downstream processing operations primarily in Mainland China including Guangxi, Guizhou, and Guangdong provinces, as well as Gabon in Africa, with trading and sales extending to Asia, Europe, and North America. The company operates through four main segments: Manganese Mining, which produces manganese concentrates, natural discharging manganese powder, and sand; EMM and Alloying Materials Production, which processes ores via hydrometallurgical methods to manufacture electrolytic manganese metal and manganese briquette, and via pyrometallurgical methods to produce silicomanganese alloys and ferromanganese; Battery Materials Production, which manufactures electrolytic manganese dioxide, manganese sulfate, lithium manganese oxide, lithium nickel cobalt manganese oxide, and trimanganese tetraoxide for battery applications; and Other Business, which trades commodities such as manganese ores, electrolytic manganese metal, manganese alloys, non-manganese metals, and scraps, while also renting investment properties and leasehold lands, producing sulphuric acid and steam, manufacturing equipment, and investing in non-manganese metal mining and trading ventures. Formerly known as CITIC Dameng Holdings Limited, the company changed its name to South Manganese Investment Limited in February 2021 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in November 2010. Recent developments include the entry into the Guangxi Dameng Purchase Framework Agreement and Guangxi Dameng Sales Framework Agreement on March 11, 2025, with related party Guangxi Dameng Group to secure manganese ore purchases and provide additional sales channels for the group's products, with shareholder approvals sought at a special general meeting on May 16, 2025; board restructuring effective October 10, 2025, featuring Mr. Zhang Yi's resignation as Chairman to focus on other commitments while retaining his vice president role, Mr. Zhang He's appointment as new Chairman with oversight of strategic direction and governance, Mr. An Wei's appointment as executive director, and adjustments to the Audit, Remuneration, and Nomination Committees including new memberships for Mr. Xu Xiang; and further committee role confirmations effective October 13, 2025, with Mr. Zhan Haiqing as Chief Executive Officer, aimed at enhancing governance and operational oversight.