Jilin Horoc
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