Pengxin International Mining Co.,Ltd (China)

Pengxin International Mining Co., Ltd is a publicly listed company based in Shanghai. The company is primarily engaged in the extraction, smelting, and sale of overseas non-ferrous metal mineral resources, specifically copper. In 2009, the company acquired a 70% stake in Shanghai Zhongke Hechen Chemical Co., Ltd, which led to a shift in the company's development strategy. In 2011, the company raised funds through a non-public offering to invest in and develop the Tenke Fungurume copper mine in the Democratic Republic of Congo. This project aligns with national industrial planning and contributes to the development of China's non-ferrous metal industry, making it a model for Chinese non-ferrous enterprises with the fastest overseas investment project construction. In 2012, the company completed a secondary private placement of shares since its initial public offering, further expanding its presence in the African copper resources industry. The company's strategic layout focuses on China's domestic development while targeting overseas markets, with a goal of transitioning towards the non-ferrous metal and resource industries.