Established in 1956, ZTS Non-ferrous Metals Group Co., Ltd. (referred to as the “ZTS Group”) is based on cooper industry but runs multiple industries simultaneously. It is the largest copper conglomerate in North China region, integrating selecting, purchasing and smelting, processing trade, power generation and transportation, building materials, machinery manufacturing, research and design, and other businesses. As one of asset management businesses authorized by the Shanxi Provincial People’s Government, ZTS is also one of important copper production bases in China.

In order to improve ZTS Group’s ability to control strategically important mineral resources and to further strengthen North Copper Industry, ZTS Group acquired the stake of Northern Copper Industry held by South Korea SKN in 2014. The Company undertook the appraisal business, acting as an appraisal institution recognized by both sides of the transaction.

Northern Copper Industry is the largest copper producer in North China, integrating copper mining, selecting, smelting and processing trade and other businesses. Notably, it has Asia’s largest underground non-coal mine -- Tongkuangyu Copper, with a mining production capacity of six million tons per annum.

As the project involves foreign companies, the well-organized appraisal team made detailed on-site investigations and careful appraisal and calculations, while carefully selecting parameters. The appraisal project successfully passed the review and filing of the SASAC in Shanxi Province and received the recognition of the foreign party.