Shenghe Resources Holding(盛和资源)
Fast facts
- Year Founded
- 2000
Source: Tianyanchawww.tianyancha.com/company/23269862
- HQ Location
- Chengdu, Sichuan, China
- Publicly Traded?
- Yes
Source: Sina Financefinance.sina.com.cn/realstock/company/sh600392/nc.shtml
- Overseas Operations
- Yes
Shenghe’s overseas business consists of Shenghe (Singapore) Co., Ltd, Shenghe (Singapore) International Trade Co., Ltd, and Vietnam Rare Earths Co., Ltd. Vietnam Rare Earths is equipped with an annual capacity of 1,000 tons TREO. In 2017, Shenghe Resources participated in the founding of MP Mine Operations (MPMO) who owns Mountain Pass Mine in Las Vegas, Nevada. The company holds a 10% stake in MPMO. It also engaged in the development of Kvanefjeld in Greenland through GML.Source: Shenghe Resources Websiteen.shengheholding.com/aboutStaff
- US Sanctions
- No
- Military Affiliation in China
- Yes
Shenghe Resources products are widely applied in the aerospace and military industries. In 2019, Shenghe formed a joint venture company with state-owned and military-affiliated China National Nuclear Corporation (CNNC). Under the joint venture terms, both companies would import rare earth containing uranium and thorium from Kvanefjeld to China. Both raw materials can be used for nuclear fuel.Source: 1. Shenghe Resources Website 2. Greenland Minerals
Valuation
Valuation is reported as market capitalization. It was converted from RMB using the exchange rate from June 26, 2022 13:50:00.Source: Yahoo Financefinance.yahoo.com/quote/600392.SS/key-statistics
*Valuation is reported as market capitalization. It was converted from RMB using the exchange rate from June 26, 2022 13:50:00.
Employees
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
Shenghe Resources (盛和资源 shènghé zīyuán) is a public company exclusively focused on mining and processing rare earth ores, producing high purity rare earth oxides, metals, and alloys along with a range of rare earth products. The company’s products are widely applied in new energy, new materials, energy conservation & environmental protection, aerospace, military industry, and electronics, etc.
Currently, Shenghe is the second largest rare earth company by output and is rapidly growing with a strong focus on international markets. It has a global customer network located in Europe, North America, Japan, the Middle East, and China.
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- Name
- Ownership
-
- Institute of Comprehensive Utilization of Minerals, Chinese Academy of Geological Sciences
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 14.04%
- Institute of Comprehensive Utilization of Minerals, Chinese Academy of Geological Sciences
-
- Wáng Quángēn
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 6.68%
- Wáng Quángēn
-
- Huáng Píng
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 5.49%
- Huáng Píng
-
- Sichuan Giant Star Enterprise Group
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 4.99%
- Sichuan Giant Star Enterprise Group
-
- Sichuan Geology Mine Products Group
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 3.15%
- Sichuan Geology Mine Products Group
-
- Hong Kong Securities Clearing Company Limited (HKSCC)
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 2.26%
- Hong Kong Securities Clearing Company Limited (HKSCC)
-
- Wáng Xiǎohuī
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 1.16%
- Wáng Xiǎohuī
-
- China Northern Rare Earth (Group) High-Tech
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 1.07%
- China Northern Rare Earth (Group) High-Tech
-
- Dí Yè
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 0.56%
- Dí Yè
-
- Hainan Heredity of Investment
Source: Qichachawww.qcc.com/firm/820add20ee939b3100ed8f31f08bdd8a.html
- 0.55%
- Hainan Heredity of Investment
Shenghe’s overseas business consists of Shenghe (Singapore) Co., Ltd, Shenghe (Singapore) International Trade Co., Ltd, and Vietnam Rare Earths Co., Ltd. Vietnam Rare Earths is equipped with an annual capacity of 1,000 tons TREO. In 2017, Shenghe Resources participated in the founding of MP Mine Operations (MPMO) who owns Mountain Pass Mine in Las Vegas, Nevada. The company holds a 10% stake in MPMO. It also engaged in the development of Kvanefjeld in Greenland through GML.
Source: Shenghe Resources Websiteen.shengheholding.com/aboutStaff
Shenghe Resources Holding Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies’ affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company’s full sanctions status.