- CEO
- La Ni
- Full Time Employees
- 412
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Tibet Autonomous Region Lhasa TB China 851414
- IPO Date
- Jul 8, 1997
- Business
- Tibet Mineral Development Co., Ltd. (000762.SZ) engages primarily in the exploration, mining, processing, and sales of non-ferrous mineral resources in the Tibet Autonomous Region of China; its core products and services include high-grade chromite ore from the flagship Lobusha Mine, ferrochrome alloys encompassing high, medium, and low carbon varieties including low titanium ferrochrome, lithium concentrate and battery-grade lithium carbonate from the Zabuye Salt Lake via adsorption extraction methods, chromic salts, potassium chloride, and exploration activities for copper, boron, gold, and other deposits such as lead-zinc, tin ore, and kaolin. The company serves sectors including atomic energy, aerospace, metallurgy, electric vehicles, information products, and battery materials industries. Founded in 1997 through the restructuring of earlier state-owned mining assets originating from 1967 and headquartered in Lhasa, Tibet, it operates as a partly state-owned enterprise listed on the Shenzhen Stock Exchange since July 8, 1997, with China Baowu Iron & Steel Group as its controlling shareholder since its 2020 acquisition of Tibet Mining Assets Management Co., Ltd. and the Tibet Autonomous Region SASAC as a secondary major shareholder; it maintains domestic focus primarily within China, encompassing subsidiaries for mining and processing operations. Recent developments include the official commencement of operations for its RMB 2 billion Phase II green comprehensive development project at Zabuye Salt Lake targeting 10,000 tons annual capacity of battery-grade lithium carbonate in 2024-2025, initiation of power supply from the Zabuye integrated energy station to support the lithium project, approval and advancement of adsorption-based lithium extraction technologies to enhance cost efficiency and competitiveness, restricted share releases under equity incentive programs in September 2025, board approval in December 2024 for the divestiture of its 0.1403% stake in Jinchuan Group Co., Ltd. for RMB 130.2346 million, and release of 2024 annual results showing revenue of RMB 622 million alongside a 2025 first-quarter net loss amid strategic lithium expansion efforts.[web:]