Century Global Commodities Corporation (CNT)
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Century Global Commodities Corporation Profile
| Consumer Staples Distribution & Retail Industry | Consumer Staples Sector | Mr. Chun-Kwan Chim C.A., CPA, M.B.A. CEO | TSX Exchange | KYG2029R1065 ISIN |
| HK Country | 28 Employees | - Last Dividend | 24 May 2011 Last Split | - IPO Date |
Overview
Century Global Commodities Corporation, operating with its subsidiaries, engages in the sphere of exploring and mining mineral properties predominantly within Canada. It seeks out primarily iron ores along with precious and base metals. Its principal endeavor, the Joyce Lake Property, represents a direct shipping iron ore project encompassing six mineral licenses. These licenses accumulate to a total of 682 claims, spanning an area of approximately 17,049 hectares, situated in Newfoundland and Labrador. The headquarters of the corporation are established in Tsim Sha Tsui, Hong Kong. Additionally, the company extends its operations to the distribution of food products within the markets of China, Hong Kong, and Macau.
Products and Services
- Iron Ore Exploration and Development:
Century Global Commodities Corporation is actively involved in the exploration and development of iron ore, primarily through its flagship Joyce Lake Property. This project is significant due to its focus on direct shipping iron ore, highlighting the company’s capability in identifying and advancing projects that can directly supply the steelmaking industry. The encompassed area of 17,049 hectares in Newfoundland and Labrador underlines the company's extensive involvement in the mineral exploration sector.
- Precious and Base Metals Exploration:
In addition to iron ores, the company also engages in the exploration for precious and base metals. This diversification in mineral exploration enables Century Global Commodities Corporation to tap into different markets and expand its investment opportunities in the mining sector. The exploration activities for these metals contribute to the company's portfolio growth and potential revenue streams.
- Food Distribution:
A distinct arm of Century Global Commodities Corporation's operations includes the distribution of food products. This sector of their business specifically targets the markets in China, Hong Kong, and Macau. Engaging in food distribution allows the company to diversify its business operations beyond mining and exploration. This strategic move into the food distribution space illustrates the company's adaptability and pursuit of growth opportunities in different industries.
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