Yunnan Tin

Yunnan Tin Group (Holding) Company Limited
雲南錫業集團(控股)有限公司
Company typeState-owned enterprise
IndustryMetal mining
Founded1883
Headquarters
Kunming, Yunnan
,
People's Republic of China
Area served
People's Republic of China
Key people
Chairman: Liu Luke (as of 2024)[1][2]
ProductsTin
SubsidiariesYunnan Tin Company Limited
Sino-Platinum Metals Company Limited
WebsiteYunnan Tin Group (Holding) Company Limited
Yunnan Tin Company Limited
雲南錫業股份有限公司
Company typeState-owned enterprise
IndustryMetal mining
Founded1998
Headquarters
Kunming, Yunnan
,
People's Republic of China
Area served
People's Republic of China
Key people
Chairman: Liu Luke (as of 2024)[1][2]
ProductsTin
ParentYunnan Tin Group (Holding) Company Limited
WebsiteYunnan Tin Company Limited

Yunnan Tin Group (Holding) Company Limited (YTC) is the largest tin producer and exporter in China and the world. It is headquartered in Kunming, Yunnan. It involves in the production, processing and export of tin metal, and also for the production of tin-based and arsenic-based chemicals. It was established in 1883 by the Government of Qing Dynasty as the Gejiu Manufacture & Commercial Bureau (China Merchants).[3]

It owns two listed subsidiaries, Yunnan Tin Company Limited (SZSE: 000960) and Sino-Platinum Metals Company Limited (SSE: 600459). It was established in 1998 and listed on the Shenzhen Stock Exchange in 2000. It is the only stock company in the Chinese tin industry.[4]

In 2016, China Construction Bank (CCB), a major Chinese lender, entered into a debt-for-equity swap agreement with Yunnan Tin Group. This deal was valued at nearly 5 billion yuan.[5]

Controversy

In 2013, chairman of Yunnan Tin, Lei Yi, had been charged by the Xi Jinping administration of corruption, specifically accepting bribes worth 20 million yuan or 3.3 million USD from Chinese government officials. Among these officials was Li Hongtao, chairman of Leed International Education Group.[6][7]

Partnerships

As of 2024, Yunnan Tin has partnerships to Indonesian companies PT Timah and its parent company MIND ID.[8]

References

  1. ^ a b "Luke Liu, Yunnan Tin Co Ltd: Profile and Biography". Bloomberg.com. Retrieved 2024-12-08.
  2. ^ a b TBK, PT TIMAH. "PT Timah, Yunnan Tin, pertemuan, kerja sama, produsen timah". PT TIMAH TBK. Retrieved 2024-12-08.
  3. ^ BRIEF INTRODUCTION OF YUNNAN TIN COMPANY GROUP LIMITED Archived July 22, 2011, at the Wayback Machine
  4. ^ YUNNAN TIN COMPANY GROUP LIMITED BRIEF INTRODUCTION Archived October 10, 2009, at the Wayback Machine
  5. ^ "Yunnan Tin's debt-for-equity swap raises market concerns". South China Morning Post. 2016-10-17. Retrieved 2024-12-08.
  6. ^ Hornby, Lucy; Davis, Paul J.; FT.com; Rabinovitch, Simon (2013-10-09). "Goldman link to China corruption probe | CNN Business". CNN. Retrieved 2024-12-08.
  7. ^ "China arrests chairman of world's largest tin producer over bribes". South China Morning Post. 2013-10-09. Retrieved 2024-12-08.
  8. ^ Mitchell, Freddie (2024-09-04). "Yunnan Tin and PT Timah establish strategic partnership". International Tin Association. Retrieved 2024-12-08.