Jilin Horoc

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Jilin Horoc is a China company that is interested in the nonferrous metals. [1] It is mainly interested in nickel products. [2] It owns, through a subsidiary structure, 100% of the Nunavik Nickel mine. [3]

History

In September 2003, Jilin Jien Nickel Industry Co. was listed on the A-share market of the Shanghai Stock Exchange with the stock code 600432. Jilin Jien is a subsidiary of Jilin Horoc. [1]

In 2009 Jilin Jien bought for $192.5 million a distressed property named Canadian Royalties, which held the Nunavik mine outright. [3]

By 2013 Jilin Jien had invested $800 million more in the Nunavik mine. [3]

As of 2013, Jilin Jien's mining investments were located in Canada, Australia, Indonesia, Russia, the Philippines and Papua New Guinea. [3]

The Nunavik mine was in 2023 Canada's fifth most productive nickel mine. [4]

References

  1. 1 2 "Subsidiary of Jilin Jien Nickel Industry Co., LTD. Completes Compulsory Acquisition".
  2. "Jilin HOROC Group Co Ltd - Company Profile and News".
  3. 1 2 3 4 "Canadian Royalties Inc". 24 January 2013.
  4. "The five largest nickel mines in operation in Canada". 3 June 2022.