Shengda Resources Co., Ltd. (000603)

Overview

Shengda Resources Co.,Ltd. operates in China's mining sector, with a focus on the development, sales, trade, investment, and management of mining investments. The company has subsidiaries through which it conducts its primary operations. Originally known as Shengda Mining Co., Ltd., the company underwent a name change to Shengda Resources Co.,Ltd. in October 2019, reflecting a broader scope in its business operations. Founded in 1995, Shengda Resources has established its headquarters in Beijing, China, positioning itself as a significant player in the mining and development of non-ferrous metals, including silver, lead, zinc, gold, and other precious metals.

Products and Services

• Silver-Containing Lead Powder

  Shengda Resources mines for lead powder that contains silver, indicating a dual-product mining strategy that leverages the presence of silver in lead ores. This product is crucial for various industries, including battery manufacturing, radiation shielding, and in the compositions of certain types of solders and fusible alloys.

• Zinc Powder

  The company is involved in the mining of zinc powder, a product used extensively in the metal processing industry, particularly in galvanization processes to prevent rust in iron and steel. Zinc powder also finds applications in the production of batteries, paints, and pharmaceuticals.

• Gold

  Gold mining constitutes a significant part of Shengda Resources' operations. Gold is a highly sought-after metal, not only for its investment value but also for its use in jewelry manufacturing, electronic devices, and as a standard for monetary policies in many countries.

• Silver

  The extraction and development of silver are also central to Shengda Resources. Silver is used in various industries, including electronics, due to its high electrical conductivity, photography, jewelry, and as an investment commodity.