Luoyang Molybdenum Group in the Luoyang area is considered a large enterprise. Benefits have been good, workers wages not less than 3,000-5,000 a month Luoyang Luanchuan Molybdenum Group Co., Ltd. referred to as Luo Molybdenum Group, is based on molybdenum and tungsten mining, processing, metallurgy, deep processing, set of scientific research, production, trade as one of the overseas listed companies, stock code: 3993, Chinese name: Luoyang Molybdenum, English name: China Molybdenum Industry, the company's market capitalization of the world's top 30 in the mining industry. It is one of the top 100 enterprises in Henan Province and one of the 16 key enterprises in Luoyang City. It has 4 branches, 5 subsidiaries, 5 holding companies and 2 shareholding companies. As of April 2007, the company has a mining capacity of 30,000 tons per day; ore dressing capacity of 30,000 tons per day; ferromolybdenum smelting capacity of 12,000 tons per year; molybdenum oxide roasting capacity of 18,000 tons per year; deep processing capacity of 1,000 tons per year; scheelite recycling capacity of 15,000 tons per day, and its scale of production is among the top in the domestic industry. The enterprise has the right to import and export products, the main products are molybdenum (tungsten) concentrate, molybdenum oxide, ferromolybdenum, ammonium molybdenum (tungstic acid), molybdenum (tungsten) powder, molybdenum rods, plates, strips, wires, and rare earth materials and products of more than 30 varieties, and the products are exported to the Americas, Europe, South Korea, Japan, Southeast Asia, Hong Kong and other countries and regions. The enterprise has fully passed ISO14001 environmental management system and GB/T28001 occupational health and safety management system certification. The development strategy of the company is to take molybdenum as the main body and tungsten and precious metals as the two wings, relying on scientific and technological innovation, building green mines, capturing the international and domestic markets, and building the enterprise into a world-leading international rare and precious metals mining group.
April 13, 2007 to April 18, Luoyang Luanchuan Molybdenum Group Co., Ltd. (referred to as Luo Molybdenum Group, stock code 3993.HK) in Hong Kong public offering of H shares. According to the prospectus results announced by the company, *** the issuance of 1,083.6 million new shares, raising funds of about 8.1 billion Hong Kong dollars. As a rare resource stock in the mainland, Luo Molybdenum Group attracted 690,000 Hong Kong investors to subscribe enthusiastically, and was eventually subscribed 399.21 times.
As the focus of the market, Luo Molybdenum Group's first day of listing lived up to expectations, opening at HK$11.28 and closing at HK$10.29, more than half of the prospectus price.
The Group successfully landed on the main board of the Hong Kong Stock Exchange in the morning of April 26, 2007, raising funds of about 8.1 billion Hong Kong dollars, and became the third listed company in Hong Kong in Luoyang City following the Luoyang Glass and Yitou shares, and also the the 5th listed company in Luoyang.
Global molybdenum industry in China, China molybdenum industry in Luoyang, Luoyang molybdenum industry in Luanchuan. Data show that Luo Molybdenum Group has the world's largest molybdenum mine in Luanchuan. Molybdenum is a rare metal, is widely used in oil pipelines, aerospace and military industries.