Tibet Mineral Development Company Limited, known as Tibet Mining (西藏矿业, szse: 000762), is a partly state-owned enterprise engaged in the exploration, mining, processing, and sales of non-ferrous mineral resources in the Tibet Autonomous Region. The company focuses on chromium, copper, and increasingly lithium resources. It operates under the control of China Baowu Iron & Steel Group, one of the largest state-owned steel companies in China.
History
The company originated with the creation of the Dongfeng Mine (东风矿) in 1967, a state-owned operation established under the direction of the central government. In 1984, with approval from the Ministry of Metallurgy and the People's Government of the Tibet Autonomous Region, the Dongfeng Mine team was relocated to Lobusha Township, Qusum County in Shannan, Tibet, where they initiated mining operations at the Lobusha Mine.[1][2]
The company was restructured as Tibet Mineral Development in early 1997, bringing together various mineral-related assets in the region. On July 8, 1997, it was listed on the Shenzhen Stock Exchange.[1]