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China Minerals Resources Group

China's central state-owned enterprise created in 2022 to centralize iron ore procurement and develop mining assets.

Last updated September 28, 2026

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Overview

China Minerals Resources Group (中国矿产资源集团有限公司), often abbreviated as CMRG or 中国矿产, is a central state-owned enterprise of the People's Republic of China. It was registered with industry and commerce authorities on 19 July 2022, formed by consolidating parts of China's state-owned iron ore procurement operations and overseas iron ore assets. Its stated mission is to build a platform that centralizes a portion of China's domestic iron ore demand in a market-oriented manner, while also investing in and developing mines. The group operates at the intersection of resources, trade and industrial policy. Its core activities include iron ore procurement, the construction of storage and shipment bases, and the building of a big data platform, according to its official website. By aggregating demand from Chinese steelmakers and other buyers, CMRG is intended to strengthen China's bargaining position in global iron ore markets, where the country is the world's largest importer. As a central SOE, CMRG is supervised by China's State-owned Assets Supervision and Administration Commission (SASAC) under the State Council. It is not listed on a stock exchange. The company participates in industry events such as the China International Mining Conference, where it has appeared as a co-organizer, and it maintains an active corporate news and party-building communications channel through its official site. Because it was only established in 2022, CMRG is a relatively young entity, but it carries significant weight because of the scale of China's iron ore imports and the strategic importance Beijing attaches to resource security. Its mandate spans procurement aggregation, overseas asset investment, logistics infrastructure and data-driven market intelligence.

History

China Minerals Resources Group was registered with China's industry and commerce authorities on 19 July 2022. It was created as a central state-owned enterprise by consolidating parts of China's state-owned iron ore procurement operations together with overseas iron ore assets. The formation reflected a policy push to organize Chinese iron ore demand more effectively and to invest in mining development. From its inception, the group was designed as a market-oriented platform to centralize a portion of China's domestic iron ore demand. China is the world's largest iron ore importer, and its steel industry has long sought greater leverage in negotiations with major global miners. CMRG's mandate therefore combines procurement aggregation with direct investment in mines, including overseas assets. Its official website lists three main areas of activity: iron ore procurement, construction of storage and shipment bases, and building a big data platform. These correspond to the group's roles in buying, logistics infrastructure and market intelligence. As a central SOE, CMRG operates under the supervision of SASAC and maintains a party-building structure typical of Chinese state enterprises. Its public communications include party group study sessions and participation in industry events. In September 2026, for example, it was listed as a co-organizer of the China International Mining Conference held in Tianjin, and its party group theoretical study center held a special session on artificial intelligence. Because the company is young, its full asset base and organizational structure continue to evolve. It is not publicly listed, and detailed financial disclosures are limited. Its significance lies primarily in its strategic role in China's resource security policy and in the scale of the iron ore trade it is intended to help coordinate.

  • China Minerals Resources Group is registered with industry and commerce authorities as a central state-owned enterprise.

  • The group participates as a co-organizer of the China International Mining Conference in Tianjin.

  • The group's Party Group Theoretical Study Center holds a special session on artificial intelligence.

Products and positioning

A state-backed platform to centralize China's iron ore demand and secure resource supply.

  • Iron ore procurement

    Centralized purchasing of iron ore on behalf of Chinese demand.

  • Storage and shipment bases

    Development of infrastructure for storing and shipping iron ore.

  • Big data platform

    Building a data platform to support procurement and market analysis.

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