- CEO
- Bin Qiu
- Full Time Employees
- 28
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- China Resources Building Hong Kong Hong Kong
- IPO Date
- Aug 4, 2003
- Business
- CGN Mining Company Limited (1164.HK) is a Cayman Islands-incorporated investment holding company listed on the Hong Kong Stock Exchange that engages primarily in the development, investment, and trading of natural uranium resources for nuclear power enterprises. The company operates through segments encompassing natural uranium trading, property investment, and other investments, including stakes in uranium mining joint ventures and exploration assets; it holds 49% equity in Semizbay-U Limited Liability Partnership in Kazakhstan with associated off-take sales rights, 19.99% in Canadian uranium explorer Fission Uranium Corp., and interests in projects linked to major producers such as Kazatomprom and Cameco mines. Headquartered in Wan Chai, Hong Kong, and founded in 1998 as a subsidiary of China Uranium Development Company Limited (itself affiliated with China General Nuclear Power Group), CGN Mining conducts operations across the People's Republic of China, Kazakhstan, Canada, and the United Kingdom, supplying uranium to global nuclear fuel markets. Recent developments include ongoing strategic expansions through equity investments in high-grade uranium assets like the Cigar Lake mine in Canada and Husab in Namibia, alongside a 2021 acquisition of a 19.9% stake in Kazatomprom for approximately $700 million to bolster its position in Kazakhstan's uranium production; in 2024, the company identified 27 potential legal compliance risks and added 333 new obligations amid environmental commitments targeting a 30% emissions reduction by 2025, while pursuing further international partnerships and minority stakes in Canadian firms to support annual production goals of around 3,000 tonnes of uranium.