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Minmetals Development Co., Ltd. was founded on May 21, 1997. It is a modern multinational enterprise, mainly engaged in the trade and production of iron and steel and metallurgical raw materials, with logistics, bidding and investment businesses. The controlling shareholder of the company is China Minmetals Corporation, one of the 44 key state-owned enterprises managed by the central government. The total share capital of the company is 1.072 billion shares, of which China Minmetals Group holds 680 million shares, accounting for 63.40% of the total share capital; other shareholders hold 392 million shares, accounting for 36.60% of the total share capital.
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