Shenghe Resources (盛和资源) is a Chinese partly state-owned rare earths mining and processing company founded in 1998.[1][2] The company is listed on the Shanghai Stock Exchange and its largest shareholder is the Ministry of Natural Resources.[3] Shenghe Resources is affiliated with Aluminum Corporation of China, which maintains a seat on its board and is involved its strategic decision-making.
History
Shenghe Resources, previously referred to as Taiyuan Technology Tiansheng Science and Technology Company Limited, was listed on the Shanghai Stock Exchange in May 2003.[4] In December 2012, TaiGong Tiansheng finalized the major asset reorganization plan by divesting all assets and liabilities to Shanxi Coke Group Co., Ltd. and issuing shares to the shareholders of Leshan Shenghe Rare Earth Co., Ltd. to acquire 99.9999% of the equity of Leshan Shenghe Rare Earth Co. In 2013, Leshan Shenghe Rare Earth Co., Ltd. executed a