Western Mining Co., Ltd. (hereinafter referred to as "Western Mining") was reorganized and established by Qinghai Dachaidan Xitieshan Mining Bureau. It is headquartered in Xining City, Qinghai Province. It was listed on the Shanghai Stock Exchange on July 12, 2007. It has more than 30 subsidiaries and holding companies in 11 provinces, cities and autonomous regions across the country, with business scope covering mining and picking, nonferrous smelting, financial and trade, salt lake chemicals and other fields.

The company is mainly engaged in the mining, smelting, trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, iron, nickel, vanadium, and molybdenum, as well as the production and sales of rare precious metals such as gold and silver and sulfur concentrate. .

1. Mine

The company wholly owns or controls and operates fourteen mines, including 7 non-ferrous metal mines, 6 iron and iron multi-metal mines, and 1 salt lake mine: Qinghai Xitieshan Lead-Zinc Mine, Inner Mongolia Huogeqi Copper Mine , Inner Mongolia Shuangli Iron Mine, Xinjiang Hami Baishanquan Iron Mine, Gansu Subei Qijiaojing Vanadium Iron Mine, Qinghai Golmud Magnetic Iron Mine, Qinghai Golmud Wild Horse Quan Iron Mine, Qinghai Golmud Tawencha Hanxi Iron Mine , Iron and polymetallic ore in the lower reaches of Gaoli River in Golmulaling, Qinghai Golmud Tuanjiehu magnesium salt mine, Sichuan Jiacun Yin polymetallic mine, Sichuan Huidong Daliang lead-zinc mine, Tibet Yulong copper mine and Xinjiang Ruilun copper-nickel mine, The main products include lead concentrate, zinc concentrate, copper concentrate, iron concentrate, pellets, etc.

2. Smelting

It is the strategic goal of the smelting sector. The company takes the pursuit of high-quality development as the main line, takes reform and innovation as the driving force, and takes structural adjustment as the starting point to continuously improve the level of process technology, so as to simultaneously improve the scale and benefits of non-ferrous metal smelting. The pattern is more complete. At present, the production capacity of 100,000 tons of electrolytic lead, 210,000 tons of electrolytic copper, 100,000 tons of zinc ingots, 100,000 tons of zinc powder, and 2,000 tons of ammonium metavanadate has been formed.

3. Trade

In addition to producing and selling self-operated products, the company also conducts trade in non-ferrous metals such as copper, lead, zinc, aluminum, and nickel and futures hedging business. The company's Shanghai and Hong Kong companies have fully utilized their regional window functions, with surrounding high-quality industrial objects as the main trading parties, give full play to the marketing network, and develop diversified business models. This is a favorable platform for the implementation of the company's business strategy.

4. Finance

In order to strengthen fund management and improve the efficiency of fund use, the company's controlling subsidiary Xikong Finance is a non-bank financial institution that provides fund management services to member units. It promotes centralized management of company funds, strengthens fund supervision, and prevents fund risks; and improves fund efficiency. , reduce financial costs, optimize financial structure, effectively allocate resources, and help structural adjustment. Ximin Finance has formed a stable and compliant operation system, forming a mature management system in terms of capital positions, assets and liabilities, liquidity, interest rate pricing, etc. The role of the "four platforms" has been exerted, and it has the characteristics of Ximin and has effective operation. The pattern has been formed. In 2022, Ximin Finance was rated as an AA-level institution for financial services for local economic development in 2021 by the Qinghai Provincial People's Government.

5. Salt Lake Chemical

The company actively integrates into the construction of world-class salt lake industrial bases and actively participates in the effective development and utilization of salt lake resources. Western Magnesium Industry is a high-tech enterprise for the development of salt lake magnesium resources with a production scale of more than 100,000 tons. It was selected as a pilot enterprise for the "National Science and Technology Reform Demonstration Action" of the Office of the State-owned Enterprise Reform Leading Group of the State Council.