CNNC International Limited (together with its subsidiaries, collectively referred to as “CNNC International”) is a limited company incorporated in the Cayman Islands on June 25, 2002. Its shares have been listed on the Hong Kong Stock Exchange Limited since January 6, 2003.
CNNC is a member of China Nuclear Industry Corporation (“CNNC”). China Nuclear Power Group is the only wholly state-owned enterprise that has established a complete nuclear science and technology industry system in China. It is the main investor in China's nuclear power plants. It is a major participant in the design, construction, operation of nuclear power, nuclear geology and mining, nuclear fuel, nuclear technology applications, and the supply of nuclear technology equipment. The direct holding company of CNNC International is China Nuclear Overseas Uranium Holdings Limited (“CNNC Overseas”) incorporated in Hong Kong. CNNC Uranium is a key division of CNNC that focuses on overseas resource business. The Chinese government is committed to the rapid development of clean resources, of which nuclear power is an important development. In order to meet the demand for uranium resources for nuclear power plants, China Nuclear International Group is actively seeking and expanding overseas uranium resource business, developing the exploration mineral property industry, and participating in uranium resource trade, with the advantage of CNNC's superior position and rich experience in the uranium resources field.
CNNC became the controlling shareholder of CNNC International (formerly “Kezhu Technology Group Co., Ltd.”) on November 5, 2008. After increasing capital and expanding shares on the same day and placing and subscribing shares and issuing 50 million additional common shares on July 9, 2009, the market response was enthusiastic. CNNC International has sufficient cash for future development and investment.
On June 2, 2009, China Nuclear International Group successfully acquired 69.5% of the shares of Western Prospector Group Ltd. (“Western Company”), which was listed in Canada at the time. A special shareholders' meeting of Western Company was held on August 14, 2009. The privatization plan was successfully passed, and Western Company became a wholly-owned subsidiary of CNNC International. The main business of the Western Company is the acquisition, exploration and development of minerals. All of Western's mineral interests (including a number of uranium and coal projects) are located in Mongolia.
In March 2010, CNNC International Group acquired 37.2% of the shares of Societe des Mines d'Azelik SA (“SOMINA”), a limited company incorporated in the African Niger, from CNNC Overseas. It is the registered holder of a uranium mining license located in the Agadez region of Tchirozerine province of the Niger, and the owner of the uranium resources in the uranium mine. This acquisition strengthens the development of China Nuclear International Group's future supply of natural uranium, and the prospects are very promising.
Facing the world's rich uranium resource market, China Nuclear International Group makes full use of the advantages of overseas platforms to consolidate internationally renowned suppliers. China Nuclear International Group relies on China's vast downstream market to give full play to the overall advantages of CNNC, seize the opportunities for the rapid development of the Chinese economy and nuclear power industry, implement a strategy for large-scale overseas uranium mining bases, and build several large overseas uranium mining bases with a production capacity of over 1,000 tons, operating for 15 years, and having good economic efficiency. CNNC established Hong Kong's first listed uranium resource company, making full use of Hong Kong's capital market advantages, and scientifically cooperating with overseas business and capital market activities. The development of overseas uranium resource business is the key direction of CNNC. CNNC is committed to identifying high-quality, high-return uranium resource projects and investment opportunities around the world, to cooperate with China's rapid development of nuclear energy demand, expand core business revenue, and seek to generate good operating performance and give back to shareholders.
CEO： Cheng Wang
Market： Hong Kong motherboard
Listing Date： 01/06/2003