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01231 NEWTON RES

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  • 0.465
  • -0.025-5.10%
Market Closed Mar 28 16:08 CST
1.86BMarket Cap93.00P/E (TTM)

About NEWTON RES Company

New Mining Resources Co., Ltd. is the largest private company in Hebei Province, China and the sixth largest iron ore operator in the province. It has huge ore reserves and resources. Through low production costs and rapid increase in production capacity to enhance growth potential, it also has plenty of exploration opportunities. It has a strategic advantage geographically, and has been able to seize market opportunities brought about by strong growth in China's steel production and serious shortage of local iron ore supply. The Yanjiazhuang iron ore we own and operate is a large-scale open-pit iron ore area, covering a mining area of about 5.22 square kilometers. According to independent technical reports, the Yanjiazhuang iron ore has determined and estimated reserves of about 260.0 million tons, calculated from the amount of iron ore resources discovered and controlled on December 31, 2010, about 311.8 million tons. Our overall goal is for iron ore mining and washing production capacity to reach 10,500 thousand tons per year by the end of 2012. The low content of harmful chemical elements such as sulfur and phosphorus in our iron ore resources can reduce the need for tailings treatment, so we will be able to produce iron concentrate powder with an iron grade of 66% using a relatively simple iron ore washing process. Since we use open pit mining to extract resources, the construction time for mining infrastructure is short, capital expenditure requirements are low, and the iron ore mining process is relatively simple. In addition, iron ore is also mined and washed using low-cost mining and washing methods. Based on these facts, we believe we can keep mining costs low.

Company Profile

Symbol01231
Company NameNEWTON RES
ISINKYG6525A1031
Listing Date07/04/2011
Issue Price1.75
Shares Offered1.00B share
Founded09/25/2009
RegistrationCayman Islands
ChairmanTianlong Zhuang
SecretaryYuqin Lu
Audit InstitutionErnst & Young
Company CategoryOther
Registered OfficeP.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
Head Office and Principal Place of BusinessRoom 4204-05, 42nd floor, Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai, Hong Kong
Fiscal Year Ends12-31
Employees23
MarketHong Kong motherboard
Phone(852) 2521 8168
Fax(852) 2521 8117
Emailir@newton-resources.com
Business New Mining Resources Co., Ltd. is an investment holding company mainly engaged in resource business. The company is engaged in the procurement and supply of iron ore and other commodities, and also provides value-added services. The company's other main functions as a distributor include providing support in supplier management and logistics. In addition, the company also provides suppliers with the financing or credit they need.

Company Executives

  • Name
  • Position
  • Salary
  • Tianlong Zhuang
  • Authorized Representative,Chairman of the Board,Nomination Committee Member,Executive Director,Remuneration Committee Member
  • --
  • Yuqin Lu
  • CFO,Executive Director,Company Secretary,Authorized Representative
  • --
  • Hongyuan Chen
  • Non-Executive Director
  • --
  • Jinghui Xu
  • Independent Non-Executive Director,Remuneration Committee Member,Audit Committee Chairman,Nomination Committee Member
  • --
  • Junxiong Li
  • Nomination Committee Chairman,Audit Committee Member,Remuneration Committee Chairman,Independent Non-Executive Director
  • --
  • Yi Xian
  • Audit Committee Member,Independent Non-Executive Director,Nomination Committee Member,Remuneration Committee Member
  • --

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