Baiyin Nonferrous Group Co., Ltd. known also as BNMC[nb 1] is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China.
Since 15 February 2017, Baiyin Nonferrous is a listed company in the Shanghai Stock Exchange. In 2017, the localized version of Fortune ranked Baiyin Nonferrous as the 116th of top 500 Chinese enterprises.
The predecessor of the company was established in 1954, as one of the industrial project of the First Five Year Plan. It was the main copper supplier in China, however, the mining pit opened in 1956 was shut down in 1988. The city of Baiyin was declared by the government as “resource exhaustion”. As of 2016, the company rely on investment in China, South Africa, Peru, DR Congo and the Philippines.
^CITIC Guoan Group was one of the limited partner of the fund for CN¥200 million investment; the manager and general partner of the fund was China-Africa Xinyin Investment, which CITIC Guoan Group also owned 30% share capital directly, plus an additional 30% stake via a non wholly owned (41.10%) subsidiary (Chinese: 白银有色产业集团) of CITIC Guoan Group;China-Africa Development Fund owned 35% share capital in China-Africa Xinyin Investment