Dual Operational Centre
Central Minerals Commodity Trading LimitedCentral Minerals International Co., Ltd
After ten years of development, CMG now has an annual revenue of nearly 1.2 billion US dollars and is still growing. To cope with market challenges and reduce trade restrictions, CMG relies on two Hong Kong subsidiaries (Central Minerals Commodity Trading Limited & Central Minerals International Co., Ltd) as dual operation centers handling trade finance and operational functions to improve operational efficiency. CMG expect the establishment of the dual operation center will comply with the latest financial control and regulatory requirements. The initiative will enable CMG to remain strong in the rapidly changing business environment and fierce competition.
Shanghai Jiuyi Raw Materials Company
Shanghai Jiuyi Raw Materials Company was established in 2008, bearing the mission of raw material purchasing and sales, assisting the Group financial derivatives model for expansion, also achieved a certain volume of physical commodity trade in 2020, which keeps our marketing always standing at the forefront of the market. The company is listening to the voice of clients and feedback their needs every day, sharing the same fate with clients, with the purpose of achieving the Group’s business strategy and goals.
Bright Fortune Resources Pte. Limited (Bright Fortune)
Bright Fortune (Singapore) was established in July 2015, located in the heart of business center in Singapore. This is also a joint venture subsidiary. Since its opening, we soon enjoy the advantage of low interest finance costs and active derivatives trading platform.Bright Fortune specializes in import and export of iron ore, coal and other raw materials. We have rigorous and long-term business contractual relationships with major suppliers and clients/end-users around Chinese Mainland, and we are also constantly expanding our business.Our trading volume in 2017 has reached 2 million tons, sales amount up to 100 million US dollar. In 2020, physical trading volume contributed 3 million tons.Since 2015, Bright Fortune has blossomed into the Group’s iron ore resources centre and financial derivatives centre, by working side by side with Shanghai Jiuyi Raw Materials Company, a very important iron ore trading module has been launched, which makes a huge contribution to the trading volume.
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