（股份代號：03993）
(www.chinamoly.com) (www.hkexnews.hk)
140.60 20.63% 36.01 162.95%
31.23 273.89%
54.12 55.45% EBITDA 73.03
41.15% 266 52.55% 107.51
10.65%
TFM 9,029 TFM
C1 -1.04
(%)
14,059,796 11,654,941 20.63
3,122,510 835,139 273.89
3,174,531 1,159,120 173.87
5,411,708 3,481,411 55.45
(%)
39,555,352 38,157,184 3.66
100,916,206 97,837,246 3.15
1
(%)
0.14 0.05 180.00
–
0.15 0.07 114.29
(%) 7.91 4.43 3.48
(%) 8.04 6.09 1.95
03993
603993 A 2,159,924
A 1,766,577 H 393,347 0.2
431,985
2
NPM
(%)
1,618.83 1,115.39 45.14
11.12 7.85 41.66
1,699.27 1,189.26 42.88
APT 17.42 11.96 45.65
(%)
11.95 7.96 50.13
6,948 5,724 21.38
38.54 24.70 56.03
36.24 33.44 8.37
425 365 16.44
(LME) LME
(CRU) MAP
3
2,000 15 2,000 18
12 1,600 15
1,500
12
9 1,200
1,000 9
6 800
6
500
3 400 3
0 0 0 0
14 9,000 40 50 500
12 7,500 32 40 400
10
6,000
8 24 30 300
4,500
6 16 20 200
3,000
4
1,500 8 10 100
2
0 0 0 0 0
(1)
LME
6,635 3.01 7% LME
32%
(TCRC) Sterlite Tuticorin
(2)
(Metal Bulletin)
9.46% 32.24 40
37
1.5
4
(3)
1,618.83 45.14%
1,472.50 1,725.00 11.12
41.66% 10.18 11.78
MW 11.95 50.13%
10.60 13.00
(4)
(APT)
APT
APT
5
65% 11.05 42.88%
10.6 11.3 APT 17.42
45.65% 16.8 18.2
(Metal Bulletin) APT 329
56.77% 307 354
(5)
90%
19% 5.4%
(6)
1,280
1,310 460
270
CFR 438 410
CFR 425
(1)
GDP
Wood Mackenzie 2.4% 23.6
2.3% 3.2%
(2)
122,000 8,000 Katanga
ERG RTR
CRU
8%
6
(3)
(4)
(5)
1% 2% 3%
5%
20%
(6)
CFR 440
7
1.
2018
65% 100,000 76,150 23,850
50%
30% 75%
[2018]32
. 17% 11% 16%
10%
. 11% 10%
8
2.
SO2 NH3
007/2002
18/001
2018
3.5%
TFM
9
1.
TFM 84,230 C1 -1.04 9,029
2.
7,957 59,687 5,691
21,585
3.
+ 541,825 4,501
4.
80% NPM 16,649 C1 1.06
13,899
1.
2.
10
3.
TFM
NPM
4.
5.
11
26,628,692 26,508,760
1,651,771 1,750,692
2,293,198 2,144,631
190,807 110,584
467,760 656,703
982,869 789,924
6,148,478 5,705,500
493,377 1,382,004
38,856,952 39,048,798
40,974 0
718,334 520,869
2,436,915 2,726,031
2,522,200 1,136,373
23,416,773 24,234,932
1,472,952 950,111
21,399,743 21,536,182
844,104 833,594
4,621,225 4,352,010
116,692 116,189
466,576 304,703
4,002,766 2,077,454
62,059,254 58,788,448
100,916,206 97,837,246
12
2,066,812 1,478,132
4,310,350 3,592,187
30,000 23,955
1,080,189 976,481
390,116 127,796
300,123 445,406
1,250,755 1,137,796
165,693 219,806
324,145 27,886
638,292 604,774
6,093,825 4,797,816
110,204 71,073
16,760,504 13,503,108
20,460,473 22,033,889
2,000,000 2,000,000
176,741 64,382
2,008,170 2,049,904
69,195 72,890
8,301,307 8,603,594
3,257,568 3,600,344
36,273,454 38,425,003
53,033,958 51,928,111
4,319,848 4,319,848
27,582,795 27,582,795
-688,046 -607,484
5,488 7,726
968,191 968,191
7,367,076 5,886,108
39,555,352 38,157,184
8,326,896 7,751,951
47,882,248 45,909,135
100,916,206 97,837,246
13
. 14,059,796 11,654,941
14,059,796 11,654,941
. 9,427,216 9,260,619
7,950,105 7,521,590
417,265 142,619
86,580 101,193
529,931 463,399
435,390 1,026,135
7,945 5,683
- -79,297 -326,013
- 118,218 45,588
51,074 21,768
- -5,064 -4,619
4,369
. - 4,670,806 2,109,278
427 5,703
46,859 24,937
. - 4,624,374 2,090,044
1,023,448 720,597
. - 3,600,926 1,369,447
1. - 3,600,926 1,369,447
2. -
1. 3,122,510 835,139
2. 478,416 534,308
14
. 15,138 -637,036
-80,562 -279,305
-80,562 -279,305
1. 0 -1,586
2. 40,974
3. -121,536 -277,719
95,700 -357,731
. 3,616,064 732,411
3,041,948 555,834
574,116 176,577
.
0.14 0.05
15
.
15,218,580 12,174,125
46 0
768,616 136,956
15,987,242 12,311,081
6,437,613 5,949,832
1,154,939 1,088,752
2,686,959 1,266,497
296,023 524,589
10,575,534 8,829,670
5,411,708 3,481,411
.
13,573,226 1,190,371
82,830 209,216
452 334
63,134 26,315
13,719,642 1,426,236
908,666 401,964
15,462,884 353,966
261,926 0
1,021,789 82,867
17,655,265 838,797
-3,935,623 587,439
-
16
.
1,718,778 2,751,786
2,321,076 1,545,526
4,039,854 4,297,312
1,962,264 3,258,558
2,006,446 1,515,942
1,821,852 498,486
5,790,562 5,272,986
-1,750,708 -975,674
. 35,716 -223,223
. -238,907 2,869,953
19,781,418 8,420,208
. 19,542,511 11,290,161
17
1,369.45
3,600.93 2,231.48 162.95%
3,122.51
835.14 2,287.37 273.89%
11,654.94 2,404.86
20.63% 14,059.80
6,109.69 4,133.35 1,976.34
47.81%
% % % %
2,337,329 966,371 58.65 35.03 7.48 10.59
2,303,965 1,828,264 20.65 7.14 5.38 1.32
8,466,308 4,505,396 46.78 25.22 7.37 8.85
841,699 507,842 39.66 0.36 -11.58 8.15
24,788 66,009 -166.30 -70.78 41.92 -211.46
13,974,089 7,873,882 43.65 20.82 5.67 8.08
18
% % % %
2,362,116 1,032,380 56.29 30.08 9.17 8.37
841,699 507,842 39.66 0.36 -11.58 8.15
2,303,965 1,828,264 20.65 7.14 5.38 1.32
8,466,309 4,505,396 46.78 25.22 7.37 8.85
13,974,089 7,873,882 43.65 20.82 5.67 8.08
529.93
463.40 66.53 14.36%
435.39
1,026.14 590.75 57.57%
118.22 45.59
72.63 159.32%
79.30
326.01 246.71 75.68%
1,023.45
720.60 302.85 42.03%
19
835.14
2,287.37 273.89% 3,122.51
(1)
(2) A 180
(3) 24%
24%
100,916.20 62,059.25
38,856.95
1,136.37 1,385.83
121.95% 2,522.20
950.11 522.84
55.03% 1,472.95
304.70 161.87
53.12% 466.58
2,077.45 1,925.31
92.68% 4,002.77
20
1,478.13 588.68
39.83% 2,066.81
1,704 4.36% 5.3
127.80 262.32
205.26% 390.12
27.89 296.26
1,062.39% 324.15
71.07 39.13
55.06% 110.20
64.38 112.36
174.52% 176.74
53.08%
52.55%
1. FreePort-McMoRan Inc. “Freeport”
TFM 56% BHR
TFM 24% TFM80% CMOC
DRC Limited TFM CMOC DRC Limited
BHR 45,880,655 45.46%
1,775,231 56.85%
2. 100%
SPV
SPV 15,181,728 15.04%
252,937 8.10%
21
19,781.42 238.91
1.21% 19,542.51
5,411.71
-3,935.62 -1,750.71
.1
.2
1.
2.
3.
2,083 1.3
517.23 13,517.23
(2009) 17
22
(2011) 24
A
(2011) 24 (2009)
17 517.23
1.3
(2017) 4775
1.
2.
TFM
1,500
831.5 2.94% 0.28% NPM
471.81 0.56%
0.19g/t
23
P 2O 5
459.2 11.29% 559.3 0.4%
1,401.36 0.115% 497.36 0.092%
3.
TFM
NPM
NPM
100% SY
24
4.
52.55%
10.65% 50%
MSCI A50 300 50 100
5.
21
100 43
6.
25
7.
2018 8
1.
NPM
2.
26
3.
4.
5.
3,500 16,000
27
6.
TFM
7.
NPM
(1)
CMOC Mining Pty Limited 34,600 5,938,286 2,776,335 841,699 183,750
CMOC DRC Limited 1 45,880,655 11,983,058 8,466,308 1,775,231
SPV 20,000 15,181,728 4,335,936 2,209,589 252,937
28
(1)
NPM
EL5800 EL5801 EL5323 ML1247 ML1367
19,760 13,512
(EL5800 & EL5323 Aircore, Cormorant,
Yarrimbah, Pearce 1) (E20,River Phoenix, Stinger, MET 112, Rocklands) Northparkes
(E31N, Nerrad) E31N
Chapado FFG-04
2 41 2,998.60 Chapado
FFG-04
Boa Vista
ANM DNPM 860.205/2015 DGF-007
3 Rio Grande do
Norte 15
Tenke
295 71,634 15
Kwatebala 30,631 Fungurume 30,994 Dipeta Syncline 2,739
Pumpi 3,616 Mwadinkomba 3,653
(2)
NPM
E26 (9,700mRL)
473.9 697.9 (9,670mRL)
E22
E26 L1N E31
E26
29
Chapado Francis Pitard2016
Boa Vista 333 10,410
Tenke
160 Kansalawele Mambalima Pumpi 9
4.5 Fungurume Mwadinkomba Mofya K2 TSF
(3)
9,714
NPM 3,141
1,468
2,727
TFM 4,247
1.
2.
(4)
231.93
0 0.67 10.09
0.55 0 6.19
Tenke 16.30 13.90 134.60
NPM 1.93 4.73 9.47
18.78 19.30 160.35
30
11,044
1,555 14.08%
1,690 15.30%
6,762 61.23%
1,037 9.39%
11,044 100%
19% 7%
0.7% 0.5% 0.4% 1.9%
12%
31
0.20 A 17,665,772,583 3,533,154,516.60
0.20 H 3,933,468,000 786,693,600.00
21,599,240,583 4,319,848,116.60
XV 2 3
5%
5,329,780,425 A 30.17%
5,329,780,425 A 30.17%
5,030,220,000 A 28.47%
303,000,000(L) H 7.70%
(1)
303,000,000(L) H 7.70%
(2)
5,030,220,000 A 28.47%
303,000,000(L) H 7.70%
Bank of America Corporation (3)
306,707,189(L) H 7.80%(L)
304,793,776(S) 7.75%(S)
BlackRock, Inc.(4) 289,510,516(L) H 7.36%(L)
24,234,000(S) 0.62%(S)
The Capital Group Companies, Inc.(5) 238,573,000(L) H 6.07%(L)
32
(L) –
(S) –
(1)
(2) 99% 5,030,220,000 A
303,000,000 H Cathay Fortune International Company Limited
Cathay Fortune Investment Limited
(3) Bank of America Corporation 306,707,189 H
304,793,776 H NB Holdings Corporation, BAC North America Holding Company, Merrill Lynch,
Pierce, Fenner &Smith Incorporated, BofAML Jersey Holdings Limited, BofAML EMEA Holdings 2 Limited,
ML UK Capital Holdings Merrill Lynch International
(4) BlackRock, Inc. 289,510,516 H 24,234,000
H Trident Merger, LLC, BlackRock Investment Management, LLC, BlackRock Holdco 2, Inc.,
BlackRock Financial Management, Inc., BlackRock Holdco 4, LLC, BlackRock Holdco 6, LLC, BlackRock
Delaware Holdings Inc., BlackRock Institutional Trust Company, National Association, BlackRock Fund
Advisors, BlackRock Capital Holdings, Inc., BlackRock Advisors, LLC, BlackRock International Holdings,
Inc., BR Jersey International Holdings L.P., BlackRock Lux Finco S.àr.l., BlackRock Trident Holding
Company Limited, BlackRock Japan Holdings GK, BlackRock Japan Co., Ltd., BlackRock Canada Holdings
LP, BlackRock Canada Holdings ULC, BlackRock Asset Management Canada Limited, BlackRock Australia
Holdco Pty. Ltd., BlackRock Investment Management (Australia) Limited, BlackRock (Singapore) Holdco Pte.
Ltd., BlackRock HK Holdco Limited, BlackRock Asset Management North Asia Limited, BlackRock Group
Limited, BlackRock (Netherlands) B.V., BlackRock Advisors (UK) Limited, BlackRock International Limited,
BlackRock Luxembourg Holdco S.àr.l., BlackRock Investment Management Ireland Holdings Limited,
BlackRock Asset Management Ireland Limited, BLACKROCK (Luxembourg) S.A., BlackRock Investment
Management (UK) Limited, BlackRock Fund Managers Limited, BlackRock Life Limited, BlackRock UK
Holdco Limited BlackRock Asset Management (Schweiz) AG
(5) The Capital Group Companies, Inc. Capital Research and Management Company
238,573,000 H
336
A
(%)
1,587,692 0.0074
1,064,400 0.0049
1,050,600 0.0049
1,063,500 0.0049
531,600 0.0025
532,500 0.0025
59,500 0.0003
5,889,792 0.0273
XV
XV 352
33
1
14
E.1.2
(i)
(ii)
100%
100%
100%
100%
34
13.51B(1)
13.51B(1)
35
[2017]918
A 4,712,041,884 3.82
1,800,000 14,137 1,785,863
1,786,523
660
36
.
2018 6 30
1 26,628,692 26,508,760
2 1,651,771 1,750,692
3 2,293,198 2,144,631
4 190,807 110,584
5 467,760 656,703
6 982,869 789,924
7 6,148,478 5,705,500
8 493,377 1,382,004
38,856,952 39,048,798
59 40,974
9 718,334 520,869
10 2,436,915 2,726,031
11 2,522,200 1,136,373
12 23,416,773 24,234,932
13 1,472,952 950,111
14 21,399,743 21,536,182
15 844,104 833,594
7 4,621,225 4,352,010
16 116,692 116,189
17 466,576 304,703
18
18 4,002,766 2,077,454
62,059,254 58,788,448
100,916,206 97,837,246
37
19 2,066,812 1,478,132
20 4,310,350 3,592,187
21 30,000 23,955
22 1,080,189 976,481
23 390,116 127,796
24 300,123 445,406
25 1,250,755 1,137,796
26 165,693 219,806
27 324,145 27,886
28 638,292 604,774
29 6,093,825 4,797,816
30 110,204 71,073
16,760,504 13,503,108
31 20,460,473 22,033,889
32 2,000,000 2,000,000
33 176,741 64,382
34 2,008,170 2,049,904
35 69,195 72,890
17 8,301,307 8,603,594
36 3,257,568 3,600,344
36,273,454 38,425,003
53,033,958 51,928,111
37 4,319,848 4,319,848
38 27,582,795 27,582,795
39 -688,046 -607,484
40 5,488 7,726
41 968,191 968,191
42 7,367,076 5,886,108
39,555,352 38,157,184
8,326,896 7,751,951
47,882,248 45,909,135
100,916,206 97,837,246
38
2018 6 30
16,457,358 17,487,231
40,974 0
1,640,996 1,752,051
1 28,930 300,925
67,862 38,726
592,931 866,214
44,006 44,006
2 3,914,923 2,002,816
134,527 140,107
51,991 853,374
22,974,498 23,485,450
200,005 200,005
3 21,188,146 20,954,027
1,341,875 1,394,455
130,401 68,858
377,376 398,962
135,575 137,619
981,709 29,709
24,355,087 23,183,635
47,329,585 46,669,085
39
1,657,015 560,000
3,711,462 3,000,757
30,000 0
164,300 149,731
195 11,566
39,001 59,821
63,646 41,389
28,702 105,984
296,259 0
475,643 1,012,766
1,782,622 946,795
128,835 235,113
8,377,680 6,123,922
1,190,000 2,136,500
2,000,000 2,000,000
47,570 47,570
17,781 17,974
18,352 45,584
381,956 381,956
3,655,659 4,629,584
12,033,339 10,753,506
4,319,848 4,319,848
27,636,531 27,636,531
3,906 7,008
968,191 968,191
2,367,770 2,984,001
35,296,246 35,915,579
47,329,585 46,669,085
40
2018 1–6
. 14,059,796 11,654,941
43 14,059,796 11,654,941
. 9,427,216 9,260,619
43 7,950,105 7,521,590
44 417,265 142,619
45 86,580 101,193
46 529,931 463,399
47 435,390 1,026,135
48 7,945 5,683
- 49 -79,297 -326,013
- 50 118,218 45,588
51,074 21,768
- 51 -5,064 -4,619
52 4,369
. - 4,670,806 2,109,278
53 427 5,703
54 46,859 24,937
. - 4,624,374 2,090,044
55 1,023,448 720,597
. - 3,600,926 1,369,447
1. - 3,600,926 1,369,447
2. -
1. 3,122,510 835,139
2. 478,416 534,308
41
. 15,138 -637,036
39 -80,562 -279,305
39 -80,562 -279,305
1. -1,586
2. 39 40,974
3. 39 -121,536 -277,719
95,700 -357,731
. 3,616,064 732,411
3,041,948 555,834
574,116 176,577
.
0.14 0.05
42
2018 1–6
. 4 1,824,075 1,363,252
4 604,814 610,031
164,311 107,574
7 609
157,500 140,847
-267,065 116,414
-2,770 0
- 834 6,243
- 5 57,149 47,526
33,819 21,768
- -10 0
867 0
. - 1,226,118 441,546
24 1,902
38,338 20,118
. - 1,187,804 423,330
162,493 45,032
. - 1,025,311 378,298
1. - 1,025,311 378,298
2. -
.
. 1,025,311 378,298
43
2018 1–6
.
15,218,580 12,174,125
46 0
56 768,616 136,956
15,987,242 12,311,081
6,437,613 5,949,832
1,154,939 1,088,752
2,686,959 1,266,497
56 296,023 524,589
10,575,534 8,829,670
5,411,708 3,481,411
.
13,573,226 1,190,371
82,830 209,216
452 334
56 63,134 26,315
13,719,642 1,426,236
908,666 401,964
15,462,884 353,966
261,926 0
56 1,021,789 82,867
17,655,265 838,797
-3,935,623 587,439
-
44
.
1,718,778 2,751,786
56 2,321,076 1,545,526
4,039,854 4,297,312
1,962,264 3,258,558
2,006,446 1,515,942
56 1,821,852 498,486
5,790,562 5,272,986
-1,750,708 -975,674
. 35,716 -223,223
. 57 -238,907 2,869,953
57 19,781,418 8,420,208
. 57 19,542,511 11,290,161
45
2018 1–6
.
2,873,790 1,465,157
4,586,089 68,186
7,459,879 1,533,343
815,636 223,707
177,868 136,930
569,862 303,667
5,327,069 552,791
6,890,435 1,217,095
569,444 316,248
.
13,728,040 1,580,000
71,834 117,609
916,261 883,512
14,716,135 2,581,121
47,039 23,799
13,672,854 685,300
2,789,880 880,000
16,509,773 1,589,099
-1,793,638 992,022
46
.
1,642,415 2,310,891
2,192,857 1,523,687
3,835,272 3,834,578
758,079 2,882,322
1,542,587 987,406
1,556,328 452,847
3,856,994 4,322,575
-21,722 -487,997
. 1,042 -1,890
. -1,244,874 818,383
11,364,848 4,535,862
. 10,119,974 5,354,245
47
2018 1–6
. 4,319,848 27,582,795 -238,817 7,726 968,191 5,517,441 7,751,951 45,909,135
-368,667 368,667
. 4,319,848 27,582,795 -607,484 7,726 968,191 5,886,108 7,751,951 45,909,135
.
- -80,562 -2,238 1,480,968 574,945 1,973,113
-80,562 3,122,510 574,116 3,616,064
. -1,641,542 -1,641,542
1.
-1,641,542 -1,641,542
. -2,238 829 -1,409
1. 71,280 1,277 72,557
2. 73,518 448 73,966
. 4,319,848 27,582,795 -688,046 5,488 968,191 7,367,076 8,326,896 47,882,248
. 3,377,440 10,720,307 282,854 8,570 840,099 3,508,789 15,598,869 34,336,928
. 3,377,440 10,720,307 282,854 8,570 840,099 3,508,789 15,598,869 34,336,928
.
8,177 -279,305 -2,097 244,087 -7,906,981 -7,936,119
-279,305 835,139 176,577 732,411
8,177 -7,749,379 -7,741,202
1. 8,177 -7,749,379 -7,741,202
-591,052 -334,113 -925,165
1.
-591,052 -334,113 -925,165
-2,097 -66 -2,163
1. 49,898 703 50,601
2. 51,995 769 52,764
. 3,377,440 10,728,484 3,549 6,473 840,099 3,752,876 7,691,888 26,400,809
48
2018 1–6
. 4,319,848 27,636,531 7,008 968,191 2,984,001 35,915,579
. 4,319,848 27,636,531 7,008 968,191 2,984,001 35,915,579
.
- -3,102 -616,231 -619,333
1,025,311 1,025,311
-1,641,542 -1,641,542
1. -1,641,542 -1,641,542
-3,102 -3,102
1. 60,672 60,672
2. 63,774 63,774
. 4,319,848 27,636,531 3,906 968,191 2,367,770 35,296,246
. 3,377,440 10,720,307 7,849 840,099 2,422,227 17,367,922
. 3,377,440 10,720,307 7,849 840,099 2,422,227 17,367,922
.
- -2,028 -212,754 -214,782
378,298 378,298
-591,052 -591,052
1. -591,052 -591,052
-2,028 -2,028
1. 43,111 43,111
2. 45,139 45,139
. 3,377,440 10,720,307 5,821 840,099 2,209,473 17,153,140
49
.
1.
2.
2018 6 30 12
.
1.
2018 6 30
2018
2.
1 1 12 31
3.
12
4.
5.
5.1
50
5.2
12
22 13
51
12
6.
52
(1)
(2)
(3) (4)
7.
14.3.2.
53
8.
9.
9.1
(1)
(2)
(3)
9.2
54
10.
10.1
10.2
(1)
(2)
(3)
55
10.2.1
(1)
(2)
10.2.2
(1)
(2)
10.2.3
(1)
(2)
(3)
56
10.3
(1)
(2)
12
12 12
12
(1)
(2)
(3)
(4)
(5)
(6)
57
12
10.4
(1)
(2)
(1)
(2)
(i)
58
(ii)
(iii)
(1)
(2)
(3)
(i)
(ii)
10.5
(1)
(2)
(3)
59
(1)
(2)
(1)
(2)
(1)
(2)
10.6
60
10.7
(1)
(2)
(3)
(1)
(2)
(3)
61
10.7.1
10.8
(1)
(2)
10.9
10.10
(1)
(2)
(3)
62
(1)
(2)
(3)
(1)
(2)
(3)
(4)
(1)
(i)
(ii)
(2)
63
11.
(1)
5,000
(2)
64
(%) (%)
2 – –
2 100 100
12.
12.1
12.2
12.3
65
12.4
12.5
13.
(1)
(2)
66
14.
14.1
14.2
22
14.3
14.3.1
67
14.3.2
14.4
68
15.
(1)
(2)
% %
8-45 0-5 2.1-11.9
0
8-10 5 9.5-11.9
5 5 19.0
8 5 11.9
(%) (%)
8-45 0-5 2.1-11.9
0
8-10 5 9.5-11.9
69
(%) (%)
– –
20-50 0-5 1.90-5
0
5-20 0-5 5-20
(%) (%)
– –
0
5-33 0-5 2.88-20
3-20 0-5 5-33
16.
70
17.
18.
18.1
19.
(1)
(%)
50 0
0
71
(2)
(1)
(2)
(3)
(4)
(5)
20.
72
21.
22.
(1)
(2)
73
(3)
(4)
23.
24.
(1)
(2)
(3)
(4)
(5)
(1)
(2)
(3)
74
(4)
(5)
(6)
24.1
24.2
25.
(1)
(2)
75
26.
26.1
26.2
76
26.3
27.
(1)
(i)
(ii)
28.
77
15
)
2015 4 27 [2015] 8
2015 4
[2012]16
5 10
1
78
[2012]16
(1) 1000 3%
(2) 1000 1 1.5%
(3) 1 10 0.5%
(4) 10 50 0.2%
(5) 50 100 0.1%
(6) 100 0.05%
(1)
(2)
(3)
79
29.
(1)
2018 1 1 2017 22
[2017]7 23 [2017]8
24 [2017]9 37
[2017]14 14 [2017]22
22
37
23
22
24
80
37
14
14
22 37
2017 2018
12 31 1 1
3,246,900 0 -3,246,900
0 520,869 520,869
0 2,726,031 2,726,031
-238,817 -607,484 -368,667
5,517,441 5,886,108 368,667
2018 8 27
81
30.
82
Northparkes Tenke
Cubato Catalo
2018 6 30
83
2016
2018 6 30
1,515,763 2017 12 31 1,463,145
34 2
84
.
1.
17% 2018 5 1
16%
7%
5% 1%
6.5% 11% 1
3%
2% 2018 7 1 1%
10%
4%
4%
Niobras Copebras
(PIS&CONFINS) (ICMS) 9.25%
4%-18%
TFM
16%
85
4.8
5.6
0.4
1.5
TFM ( ) 2% 2018 7 1 3.5%
1 [2015]52
2015 5 1 6.5%
11%
(%)
25
16.5
16.5
CMOC Mining Pty Limited 30
CMOC Mining Services Pty. Limited 30
CMOC Sales & Marketing Limited 19
Copebras Indústria Ltda 34
Niobras Minerao Ltda 34
CMOC Brasil Ser vicos Administra tiv os Epar ticipacoes L TDA. 34
0
TFM 30
86
2.
2015 5 10 [2015]27
2018 1 1 2018 6 30
90%
2017 12 6
GR201741000176
2017 1 1 2019 12 31
15%
.
1.
1,402 1,046
19,541,109 19,780,372
7,086,181 6,727,342
26,628,692 26,508,760
9,275,363 7,541,450
6,297,962 4,700,000
300,000 748,797 1,701,421
39,422 24,421
1,500
1 3.8% 5.05%
87
2.
(1)
1,508,854 1,579,022
142,917 171,670
1,651,771 1,750,692
(2)
257,370 –
257,370 –
2018 6 30
88
3.
(1)
(%) (%) (%) (%)
678,626 29.04 28,950 4.27 649,676 496,427 22.65 33,180 6.68 463,247
88,697 3.79 15,096 17.02 73,601 76,950 3.51 13,703 17.81 63,247
1,569,921 67.17 0 0 1,569,921 1,618,137 73.84 0 0 1,618,137
2,337,244 44,046 2,293,198 2,191,514 46,883 2,144,631
5,000
90
A 24,649 24,649 100.00%
B 15,974 4,301 26.93%
40,623 28,950
89
2 73,601 0 0%
2 15,096 15,096 100%
88,697 15,096 17.02%
(2)
20 2,857
(3)
(%)
C 909,326 38.91 0
D 108,191 4.63 0
E 105,523 4.51 0
F 86,874 3.72 0
G 70,094 3.00 0
1,280,008 54.77 0
(4)
2018 6 30 -4,663
2017 283,152
90
4.
(1)
(%) (%)
1 177,966 93.27 105,379 95.29
1 2 11,820 6.20 4,410 3.99
2 3 496 0.26 245 0.22
3 525 0.27 550 0.50
190,807 100.00 110,584 100.00
(2)
(%)
H 37,349 19.57
I 23,599 12.37
J 20,090 10.53
K 12,646 6.63
L 8,000 4.19
101,684 53.29
5.
(1)
272,376 235,881
4,396 0
190,988 420,822
467,760 656,703
91
6.
(1)
(%) (%) (%) (%)
38,600 3.81 16,563 42.91 22,037 43,751 5.34 16,723 38.22 27,028
58,834 5.81 13,332 22.66 45,502 47,287 5.76 13,172 27.78 34,115
915,330 90.38 0 0 915,330 728,781 88.90 0 0 728,781
1,012,764 29,895 982,869 819,819 29,895 789,924
5,000
%
M 16,563 16,563 100.00
16,563 16,563
92
2 45,502 0 0
2 13,332 13,332 100.00
58,834 13,332 22.66
(2)
(3)
1 173,224 172,586
2 690,615 507,753
13,078 10,653
6,200 6,200
3 15,954 15,763
113,693 106,864
1,012,764 819,819
1 18 4
2
3 Freeport
1
93
(4)
(%)
690,615 2 68.19 0
173,224 2 17.10 0
M 16,563 2 1.64 16,563
Freeport 15,954 2 1.58 0
N 10,175 2 1.00 0
906,531 89.51 16,563
7.
(1)
2,369,570 4,176 2,365,394 1,982,656 851 1,981,805
2,377,963 2,377,963 2,271,318 2,271,318
1,407,939 2,818 1,405,121 1,453,662 1,285 1,452,377
6,155,472 6,994 6,148,478 5,707,636 2,136 5,705,500
94
4,605,542 22,163 4,583,379 4,333,266 23,552 4,309,714
37,846 37,846 42,296 42,296
4,643,388 22,163 4,621,225 4,375,562 23,552 4,352,010
Northparks
E48 2024
(2)
851 7,318 4,024 -31 4,176
1,285 11,697 10,164 2,818
2,136 19,015 14,188 -31 6,994
95
23,552 887 502 22,163
23,552 887 502 22,163
(3)
2,968 42,296 2,068 839 -5,679 37,846
8.
1,305
801,403
1 199,165 199,165
21,041 42,079
34,801 96,564
SNEL 2 96,372 97,382
TFM 3 96,101 109,489
44,592 35,922
493,377 1,382,004
1 1
2 SNEL
18
3 Gécamines
Gécamines 18
96
9.
U R W V O V
400,000 100,000 8,107 13,632 63,218 126,862 5 711,824
400,000 100,000 7,891 13,152 65,762 131,524 5 718,334
-216 -480 2,544 4,662 6,510
1
2
10.
P Q S T
1 2 2 3 3
1,763,469 90,742 67,811 420,000 148,223 2,490,245
1,338,140 121,880 65,762 703,621 207,512 2,436,915
-425,329 31,138 -2,049 283,621 59,289 -53,330
1
2
3
97
11.
.
1 77,095 -3,764 73,331
2 965,597 -28,852 936,745
1,042,692 -32,616 1,010,076
.
3 92,495 60,327 -59,700 93,122
4
5 1,186 -31 1,155
6 1,396,615 23,394 -10,990 8,828 1,417,847
93,681 1,396,615 83,690 -10,990 -59,700 8,828 1,512,124
1,136,373 1,396,615 51,074 -10,990 -59,700 8,828 2,522,200
1 50.25%
2 90%
10% 55%
8% 47%
3 2007 2008 1 1
40% 50%
4 40%
5 2016 4 7 150
850
6 21,240
45%
98
12.
(1)
.
1. 11,922,965 18,599,623 198,766 156,928 30,878,282
2. 139,448 71,615 4,288 5,793 221,144
(1) 179,936 15,781 4,053 5,703 205,473
(2) 9,821 199,956 228 210,005
(3) -50,309 -144,122 7 90 -194,334
3. 3,255 23,024 23 930 27,232
(1) 2,614 23,024 23 930 26,591
(2)
641 641
4. 12,059,158 18,648,214 203,031 161,791 31,072,194
.
1. 3,243,041 3,095,215 149,355 134,598 6,622,209
2. 432,705 589,587 6,528 1,626 1,030,446
(1) 479,811 797,082 6,528 1,559 1,284,980
(2) -47,106 -207,495 67 -254,534
3. 636 17,036 21 682 18,375
(1) 636 17,036 21 682 18,375
4. 3,675,110 3,667,766 155,862 135,542 7,634,280
.
1. 15,377 4,815 949 21,141
2.
(1)
3.
(1)
4. 15,377 4,815 949 21,141
.
1. 8,368,671 14,975,633 46,220 26,249 23,416,773
2. 8,664,547 15,499,593 48,462 22,330 24,234,932
99
(2)
25,653 20,620 3,945 1,088
(3)
21,759
6,028
5,928
5,112
27,092
100
13.
(1)
16,189 16,189 14,510 14,510
5,888 5,888 2,106 2,106
75,428 75,428 75,271 75,271
Northparkes E48
25,577 25,577 12,627 12,627
Northparkes E26
30,594 30,594 3,417 3,417
Niobras 108,302 108,302 110,801 110,801
Copebras 85,629 85,629 73,018 73,018
Copebras 20,246 20,246 22,274 22,274
Niobras 17,542 17,542 18,371 18,371
TFM 52,147 52,147 41,094 41,094
TFM 36,369 36,369 21,076 21,076
TFM 75,396 75,396 66,069 66,069
TFM 2 52,915 52,915 52,256 52,256
TFM 24,838 24,838 21,502 21,502
TFM 47,025 47,025 23,359 23,359
TFM 31,588 31,588 29,906 29,906
TFM IT 34,982 34,982 25,039 25,039
TFM 37,938 37,938 11,969 11,969
24,555 24,555 1,369 1,369
1#
5,695 5,695
2000 APT 21,202 21,202
642,907 642,907 324,077 324,077
1,472,952 1,472,952 950,111 950,111
101
(2)
(%)
343,886 14,510 1,679 16,189 49.00
50,000 2,106 3,782 5,888 84.08
2,849,000 75,271 157 75,428 3.00
NorthparkesE48 109,913 12,627 13,782 -832 25,577 24.00
NorthparkesE26 257,061 3,417 27,977 -800 30,594 12.00
Niobras 137,874 110,801 9,264 12,730 967 108,302 78.55
Copebras 162,962 73,018 46,454 22,288 -11,554 85,629 52.55
Copebras 35,041 22,274 963 -2,992 20,246 57.78
Niobras 60,900 18,371 13,037 14,091 225 17,542 28.80
TFM 58,727 41,094 10,470 584 52,147 89.00
TFM 49,691 21,076 14,933 359 36,369 73.00
TFM 71,584 66,069 8,441 886 75,396 105.00
TFM 2 463,162 52,256 659 52,915 11.00
TFM 40,029 21,502 3,046 290 24,838 109.00
TFM 238,198 23,359 23,226 440 47,025 20.00
TFM 992,490 29,906 1,297 385 31,588 3.00
TFM IT 33,083 25,039 9,567 376 34,982 106.00
TFM 84,401 11,969 25,657 312 37,938 45.00
76,390 1,369 23,186 24,555 32.00
1#
18,000 5,695 5,695 32.00
2000 APT 39,583 28,560 7,358 21,202 72.00
324,077 493,964 160,895 748 994 -12,497 642,907
6,171,975 950,111 765,137 210,004 748 8,352 -23,192 1,472,952
102
14.
(1)
.
1. 531,980 23,583,818 49,467 24,165,265
2. 546,270 2,939 549,209
(1) 3,326 4,967 8,293
(2) 260,316 260,316
(3) 748 748
(4) 282,628 -2,776 279,852
3. 817 542 1,359
(1) 817 542 1,359
4. 531,163 24,130,088 51,864 24,713,115
.
1. 97,102 2,515,941 16,040 2,629,083
2. 5,609 640,878 7,778 654,265
(1) 5,609 640,878 7,778 654,265
3. 817 -32,897 2,056 -30,024
(1) 817 541 1,358
(2) -32,897 1,515 -31,382
4. 101,894 3,189,716 21,762 3,313,372
.
1.
2.
(1)
3.
(1)
4.
.
1. 429,269 20,940,372 30,102 21,399,743
2. 434,878 21,067,877 33,427 21,536,182
50
103
15.
(1)
833,594 10,510 844,104
833,594 10,510 844,104
2016 10 1
(2)
2018 6
30
2018 6 30
850,672 -6,568 844,104
5
10%
5 2.3%
104
2018 6 30
16.
1 49,939 3,186 46,753
2 27,000 300 26,700
39,250 9,602 5,613 43,239
116,189 9,602 9,099 116,692
1
2 2012 12 18 2013 1 1
2,000 50
105
17.
(1)
288,678 80,241 453,363 135,506
269,435 71,386 243,687 65,154
990,273 330,752 105,806 26,452
76,637 17,333 80,237 18,223
2,576,743 764,497 2,671,065 772,356
23,403 3,511 23,403 3,511
174,562 53,190 155,300 46,590
660,522 215,565 320,424 110,075
5,060,253 1,536,475 4,053,286 1,177,867
(2)
18,497,229 5,711,750 18,746,014 5,795,939
329,237 49,386 667,825 100,174
11,906,192 3,583,617 11,431,594 3,445,166
55,728 18,789 18,546 6,306
22,182 7,664 424,340 129,173
30,810,568 9,371,206 31,288,319 9,476,758
106
2016
2018 6 30
1,515,763 2017 12 31 1,463,145
(3)
1,069,899 466,576 873,164 304,703
1,069,899 8,301,307 873,164 8,603,594
(4)
1,301 40,022
494,050 494,050
495,351 534,072
(5)
2018 50,326 50,326
2019 105,083 105,083
2020 139,352 139,352
2021 128,669 128,669
2022 70,620 70,620
494,050 494,050
107
18.
SNEL 1 1,190,387 1,169,973
2 950,000
TFM 3 310,275 336,086
4 36,155 46,007
5 63,000 63,000
6 31,709 29,709
7 8,660 8,660
8 116,144 133,690
9 187,841 185,502
10 63,570 85,154
NSR 11 1,025,573
19,452 19,673
4,002,766 2,077,454
1 TFM SNEL 1 Libor 3%
2
3 TFM Gécamines 2018 6 30 TFM 44,524
294,599 16,893 111,777 1 Libor
6% Gécamines 14,524
96,101 8
4 Niobras Copebras
1 6
5
6
7
8 Copebras
108
9 Niobras Copebras
Niobras Copebras 34
10 Niobras Copebras
11 NREIL NSR 2018 6 30 NREIL 155,000
1,025,573 665 4,396 6
LIBOR+2.5%
19.
(1)
2,066,812 1,478,132
2,066,812 1,478,132
20.
40,141
3,671,321 3,000,757
598,888 591,430
4,310,350 3,592,187
2016 11 17 Freeport TFM 56%
2018 1 1 2019 12 31 24 A
3.50 2020 1 10 PDK 0.60
2018 1 1 2019 12 31 24 LME 20.00
2020 1 10 PDK 0.60
109
2017 4 20 BHR Lundin TFM 24%
Lundin TFM Freeport
21.
30,000
兌匯票 23,955
30,000 23,955
22.
(1)
965,369 853,339
114,820 123,142
1,080,189 976,481
(2)
1 981,256 954,175
1-2 85,434 13,825
2 13,499 8,481
1,080,189 976,481
110
23.
(1)
390,116 127,796
390,116 127,796
24.
(1)
. 431,907 1,031,226 1,163,243 13,135 299,890
.
13,499 35,815 49,082 -87 232
. 777 776 1
445,406 1,067,818 1,213,101 13,048 300,123
(2)
.
388,148 918,938 1,061,615 11,369 245,471
. 290 13,715 11,908 -11 2,097
. 910 76,418 65,913 1,362 11,415
895 24,573 23,200 69 2,268
14 51,179 42,017 1,293 9,176
1 666 696 -29
. 77 13,394 13,008 463
.
10,169 5,067 5,255 9,981
. 32,313 3,694 5,544 415 30,463
431,907 1,031,226 1,163,243 13,135 299,890
111
(3)
1. 13,498 34,832 48,107 -87 223
2. 1 983 975 9
13,499 35,815 49,082 -87 232
34,832 983
2017 1-6 153,369 2,192 2018 6 30
223 9 2017 6 30 16,317 730
25.
38,115 -17,685
44,256 10,647
16,569 58,932
1,041,090 950,809
1,586 10,961
48,590 49,539
-2,352 -1,948
33,238 52,221
-2,071 -1,780
31,734 26,100
1,250,755 1,137,796
112
26.
142,107 153,673
23,586 66,133
165,693 219,806
27.
1 6,623 6,623
1 15,943 15,943
1 5,320 5,320
H 2 296,259
324,145 27,886
1
2 2017 A H
28.
(1)
135,691 171,713
Gécamines 1 9,423 10,442
105,564 139,010
SNEL 2 66,166 65,342
33,055 35,205
9,455 54,775
51,012 23,085
8,287 8,370
1,124
BHR 3 103,219
4 41,161 31,648
75,259 64,060
638,292 604,774
113
1 Gécamines TFM TFM
2 2015 TFM SNEL TFM
3 BHR BHR
BHR 2018 6 30 BHR
15,600 103,219
4 1
29.
6,076,408 4,780,399
7,417 7,417
10,000 10,000
6,093,825 4,797,816
31 35
30.
110,204 71,073
110,204 71,073
114
31.
(1)
14,786,314 16,935,906
11,750,567 9,878,382
6,076,408 4,780,399
20,460,473 22,033,889
2016 9 SPV CMOC Brasil Servicos Administrativos
Eparticipacoes LTDA. 9 62
2018 9 14 2023 9 14
3 libor+1.8% 3 libor+2.75% SPV100%
2016 11 CMOC DRC Limited 15.9 110
2018 3 15 2023
11 15 3 libor+1.7% 3 libor+2.2%
CMOC DRC Limited 100%
2017 4 6 BHR 6.9
TF Holdings Limited 30% 2019 7 6 2024 4 6
3 libor+2.50% 3 libor+2.64%
4,489,826 4,681,725
9,658,824 7,647,570
6,311,823 9,704,594
20,460,473 22,033,889
2018 6 30 1.5% 5.3358% 2017 12 31 0.5153%
4.5125%
2018 6 30
115
32.
(1)
2,000,000 2,000,000
2,000,000 2,000,000
(2)
16 MTN001 100 2016 3 17 5 2,000,000 2,000,000 42,200 84,400 23,586 2,000,000
2,000,000 2,000,000 42,200 84,400 23,586 2,000,000
33.
(1)
. 17,297 19,184
. 108,270
. 51,174 45,198
176,741 64,382
116
34.
1 1,357,296 1,347,842
2 682,983 660,328
9,625
2,049,904 2,008,170
1
2
35.
80,307 3,695 76,612
7,417 193 193 7,417
72,890 -193 3,502 69,195
117
61,878 3,502 58,376
15,359 193 15,166
3,000
3,000 0 3,000
70 0 70
80,307 3,695 76,612
36.
385,567
3 60,581 59,827
Gécamines 1 66,166 65,342
BHR 2 3,109,802 3,071,074
21,019 18,534
3,257,568 3,600,344
1 Gécamines TFM Gécamines
2 BHR BHR
2017 4 20 TFM 56% 80%
2018 6 30 BHR 470,000 3,109,802
3 TFM Mining Overseas Service Company Mining Overseas Service Company
Freeport TFM Freeport
Mining Overseas Service Company TFM
118
37.
+ -
4,319,848 4,319,848
38.
27,582,795 27,582,795
27,580,673 27,580,673
2,122 2,122
27,582,795 27,582,795
39.
-607,484 15,138 -80,562 95,700 -688,046
40,974 40,974 40,974
-607,484 -25,836 -121,536 95,700 -729,020
-607,484 15,138 -80,562 95,700 -688,046
59
119
40.
7,726 71,280 73,518 5,488
7,726 71,280 73,518 5,488
41.
968,191 968,191
968,191 968,191
42.
5,517,441 3,508,789
+ – 368,667
5,886,108 3,508,789
3,122,510 835,139
1,641,542 591,052
7,367,076 3,752,876
368,667
29
120
43.
13,974,089 7,873,882 11,565,856 7,451,097
85,707 76,223 89,085 70,493
14,059,796 7,950,105 11,654,941 7,521,590
44.
10,882 8,363
10,879 5,219
132,716 118,442
215,044
47,744 10,595
417,265 142,619
128,674 1
45.
11,048 9,547
36,184 34,771
497 463
1,100 1,748
27,229 44,432
182 205
10,340 10,027
86,580 101,193
121
46.
155,100 149,392
48,054 23,184
7,218
133,375 128,373
11,242 6,692
72,066 33,283
18,497 20,033
13,484 10,917
78,113 84,307
529,931 463,399
47.
42,353 125,127
5,331 8,267
648,514 677,787
-483,197 -298,062
-28,988 334,596
75,378 68,481
BHR 102,576 61,389
73,423 48,550
435,390 1,026,135
48.
-2,837
10,782 5,683
7,945 5,683
122
49.
1. -332,255
2. -41,224
3. -40,141 6,242
4. 2,068
-79,297 -326,013
50.
51,074 16,212
23,330 29,376
43,647
167
118,218 45,588
51.
-5,064 -4,619
-5,064 -4,619
123
52.
193
3,502
674
4,369
53.
186 5,384 186
241 319 241
427 5,703 427
3,502
1,426
186 456
186 5,384
124
54.
36,358 21,942 36,358
10,501 2,995 10,501
46,859 24,937 46,859
55.
(1)
1,586,817 945,155
-562,991 -259,782
-378 35,224
1,023,448 720,597
(2)
4,624,374
693,656
438,679
-378
-198,509
82,845
-1,614
8,769
1,023,448
125
56.
(1)
62
619,342 84,415
266 5,384
148,946 47,157
768,616 136,956
(2)
166,808 54,415
35,035 17,542
66,267 52,913
21,703
173,013
27,913 205,003
296,023 524,589
(3)
63,134 26,315
63,134 26,315
126
(4)
1,021,789 82,867
1,021,789 82,867
(5)
2,167,857 1,545,526
153,219
2,321,076 1,545,526
(6)
1,429,815 371,938
88,118 71,472
191,792 9,901
112,127 45,175
1,821,852 498,486
127
57.
(1)
1.
3,600,926 1,369,447
7,945 5,683
1,284,981 1,660,027
654,265 624,845
9,099 15,533
- 5,064 4,619
- 79,297 326,013
- 768,882 1,074,016
- -118,218 -45,588
- -247,257 40,031
- -322,306 -483,397
- -600,775 -208,832
- -623,793 -624,220
- 619,219 -116,780
294,379 -159,986
5,411,708 3,481,411
2.
3.
19,542,511 11,290,161
19,781,418 8,420,208
-238,907 2,869,953
128
(2)
259,660
259,660
259,660
(3)
. 19,542,511 19,781,418
1,402 1,046
19,541,109 19,780,372
.
. 19,542,511 19,781,418
129
58.
(1)
29,970 6.6166 198,298
16,746 7.6515 128,135
1,432 0.8431 1,207
1,813 1.0000 1,813
1,165 4.9947 5,818
4,003 4.8633 19,468
121,865 2.5512 310,906
437 8.6551 3,780
57,684 0.0041 237
68,697 0.4803 32,995
9 4.8386 45
107,039 6.6166 708,232
225,389 7.6515 1,724,567
130
(2)
Copebras Indústria Ltda.
Niobras Minerao Ltda.
CMOC Brasil Servicos
Administrativos
Eparticipacoes LTDA.
SPV
CMOC Mining Pty Limited
CMOC Mining Services Pty.
Limited
CMOC International DRC
Holdings Limited
TF Holdings Limited
Tenke Fungurume Mining S.A.
Purveyors South Africa Mine
Services CMOC
131
59.
(1)
40,974
(2)
40,974 8 40,974 5,310 5,310
132
.
1.
(1)
(%)
CCC SARL 2018 1 5 259,660 100% 2018 1 5 0 -29
Bandra Investment Limited Harefield Overseas Limited 2018
1 2 Harefield Overseas Limited CCC SARL 100%
4,000 CCC SARL Bas-Fleuve
Moanda PE13888 2018 1 5
CCC SARL
(2)
CCC SARL
259,660
259,660
259,660
0
133
(3)
CCC SARL
259,600 649
259,600 649
259,600 649
259,600 649
(4)
1
2.
2018 6 19
2018 3 26 CMOC Congo
134
.
1.
(1)
(%)
100
100
100
100
100
100
100
70
100
100
CMOC Mining Pty Limited 100
CMOC Mining Services Pty.Limited 100
100
100
90
100
135
(%)
51
51
51
100
100
CMOC Mining USA LTD 100
100
100
Upnorth Investment Limited 100
100
100
CMOC DRC Limited 100
CMOC Sales & Marketing Limited 100
SPV 100
CMOC Brasil Servicos 100
Administrativos Eparticipacoes
LTDA.
100
Long March No.1 Investment 100
Limited
Bandra Investment Limited 100
Copebras Indústria Ltda. 100
Niobras Minerao Ltda. 100
CMOC International DRC Holdings 100
Limited
TF Holdings Limited 100
TFM 80
136
(%)
Purveyors South Africa Mine 100
Services CMOC
Oriental Red Investments 100
Limited
NREIL 100
BHR 1 100
2 100
CMOC congo 2 100
CCC SARL 3 100
1 2017 1 20 BHR
BHR BHR 2017
4 20 BHR Lundin Mining Corporation TF Holdings Limited 30%
TFM 24% TFM 56% 80%
2 2
3 1
(2)
(%)
TFM 20 476,720 0 5,162,577
137
(3)
TFM 7,792,798 34,031,576 41,824,374 2,162,585 13,848,902 16,011,487 7,672,333 34,294,494 41,966,827 1,924,464 16,919,602 18,844,066
TFM 8,466,308 2,383,600 2,383,600 3,013,128 6,889,558 1,814,153 1,814,153 2,578,551
2.
(1)
(%)
1 50.25 –
1 50 –
1 40 –
1 15 –
2 – 45
1 11
2 45%
2007 2008 1 1
50%
138
(2)
1 1
61,138 213,161 71,874 211,250
7,101 6,343 6,409 6,567
102,032 2,644,896 107,026 2,649,548
163,170 2,858,057 178,900 2,860,798
17,237 81,180 25,476 182,796
– 950,000 – 800,000
17,237 1,031,180 25,476 982,796
– -36,792 – -30,659
145,933 1,863,669 153,424 1,908,661
73,331 931,834 77,095 954,331
– 4,911 – 11,266
– 4,911 – 11,266
73,331 936,745 77,095 965,597
35,237 – 45,695 5
-67 26,618 -24 19,970
-7,491 -61,386 -12,295 -55,564
-7,491 -61,386 -12,295 -55,564
1 90%
10%
8%
47%
139
(3)
190,846 21,257,586 198,854
55,931 427,529 57,750
246,777 21,685,115 256,604
37,277 17,247,208 48,352
2,500 1,286,571 3,000
39,777 18,533,779 51,352
207,000 3,151,336 205,252
82,800 1,418,101 82,101
10,332 -254 10,394
10,332 -254 10,394
93,122 1,417,847 92,495
220,953 13,615,229 142,230
120,653 51,986 68,291
120,653 51,986 68,291
59,700 0 36,800
140
(4)
(%)
Nothparkes Joint Venture – 80
2013 12 1 Northparkes Northparkes
Joint Venture 80% North Mining Limited Northparkes
Northparkes Joint
Venture
Northparkes Joint Venture Northparkes
Parkes Goonumbla Northparkes 1993
20 Northparkes Joint Venture
Parkes Northparkes Joint Venture CMOC Mining
Pty Limited 80% 20% Sumitomo Metal Mining
Oceania Pty Ltd(SMM) SC Mineral Resources Pty Ltd(SCM)
Northparkes Joint Venture Northparkes
Northparkes Northparkes Joint Venture
Northparkes
Northparkes
.
141
1.
1.1
1.1.1
2018 6 30
142
198,298 153,605
-708,232 –
-509,934 153,605
1,207 3,639
1,207 3,639
19,468 44,280
19,468 44,280
128,135 33,633
-1,724,567 -1,807,517
-1,596,432 -1,773,884
5,818 6,043
5,818 6,043
1,813 1,810
1,813 1,810
310,906 116,315
310,906 116,315
143
3,780 4,478
3,780 4,478
237 76
237 76
32,995 –
32,995 –
45 –
45 –
-1,730,097 -1,443,638
10%
10%
144
10% 56,564 56,564 10,770 10,770
10% -2 -2 – –
10% 68,863 68,863 69,750 69,750
10% -5,570 -5,570 -29,000 -29,000
10% -143 -143 – –
10% – – -610 -610
10% -1,947 -1,947 -8,440 -8,440
10% -118 -118 – –
10% 90,780 90,780 99,720 99,720
10% -582 -582 – –
10% -38 -38 -40 -40
10% -31,091 -31,091 -48,630 -48,630
10% -378 -378 -30 -30
10% -24 -24 – –
10% -3,299 -3,299 -1,110 -1,110
10% -5 -5 – –
145
1.1.2.
50 -21,734 -21,734 -44,480 -44,480
50 21,734 21,734 44,480 44,480
146
1.1.3
5% 15,503 15,503
-5% -15,503 -15,503
5% 55,101 55,101
-5% -55,101 -55,101
1.1.4
5%
157,762
147
1.2.
2018 6 30
54.77% 63.72%
148
1.3.
2,232,505 4,489,826 9,658,824 6,311,822 22,692,977
2,218,996 2,091,354 – – 4,310,350
30,000 – – – 30,000
1,080,189 – – – 1,080,189
324,145 – – – 324,145
638,292 – – – 638,292
6,086,408 – – – 6,086,408
– 84,400 2,168,000 – 2,253,200
– 2,806,658 65,342 385,568 3,257,568
12,610,535 9,472,238 11,892,966 6,697,390 40,673,129
2,307,797 4,440,284 9,781,424 10,021,787 26,551,292
1,500,833 2,091,354 – – 3,592,187
23,955 – – – 23,955
976,481 – – – 976,481
27,886 – – – 27,886
604,774 – – – 604,774
4,889,774 – – – 4,889,774
84,400 84,400 2,168,800 – 2,337,600
– 3,315,165 65,342 385,568 3,766,075
10,415,900 9,931,203 12,015,566 10,407,355 42,770,024
149
.
1.
1. 2,436,915 2,436,915
1. 37,846 37,846
-4,663 -4,663
1. 718,334 718,334
( ) 40,974 40,974
1,305 1,305
950,000 950,000
36,311 4,144,400 4,180,711
1. 40,141 40,141
2.
3,671,321 3,671,321
3. 598,888 598,888
3,711,462 598,888 4,310,350
150
2.
3.
4.
151
.
1.
(%) (%)
181,818 24.69 24.69
2014 1 12
Cathy Fortune Investment
H 182,771
36.01% 177,659
35.01%
2018 6 30 533,322 24.69%
2.
2
NSR 1
IXM 2
1 NSR NSR
2 2018 5 11 LDC
Louis Dreyfus Company Metals B.V. 100% Louis
Dreyfus Company Metals B.V. IXM IXM
152
3.
Gécamines 1
1 2016 11 17 ( ) TFM Gécamines
4.
(1)
1,826 274
Gécamines 60,533 49,507
10,269
5,328
IXM 1 243,826
1 2018 5 11 IXM TFM IXM
(2)
3,949 1,005
153
5.
(1)
922 1,673
114 4
IXM 11,971
96
3 4
Gécamines 96,101 109,489
Gécamines 310,275 336,086
NSR 1,025,573
(2)
11,384 11,384
Gécamines 9,423 10,442
Gécamines 66,166 65,342
.
1.
(1)
647,380 294,582
298,926 343,424
946,306 638,006
154
(2)
1 47,505 45,319
2 41,183 38,680
3 35,317 37,835
4 17,265 29,654
111,081 123,140
252,351 274,628
2.
(1)
2013 1 30
1,800
172.4
2018 6 30
2015 TFM SNEL
TFM 2016 1
0.0569 0.0350 1,000
SNEL
TFM 1,000
155
(2)
2018 6 30 Northparkes
3,292 16,776
2018 6 30
.
1.
2018 3 26 100% NREIL
Next Goal Limited NGL
NCCL
2018 8 24 NREIL NCCL NGL Third Amended and Restated Exempted
Limited Partnership Agreement Second Amended and Restated
Exempted Limited Partnership Agreement
2018 8
25
NREIL
2
156
.
1.
(1)
(2)
2018 1–6
2,337,329 841,699 2,303,965 8,466,308 110,495 14,059,796
2,337,329 841,699 2,303,965 8,466,308 110,495 14,059,796
2,337,329 841,699 2,303,965 8,466,308 110,495 14,059,796
966,371 507,842 1,828,264 4,505,396 142,232 7,950,105
173,114 37,047 207,104 417,265
12,112 28,651 20,174 25,643 86,580
4,479 54,030 25,363 446,059 529,931
42,103 241,519 379,077 -227,309 435,390
735 7,318 -108 7,945
2,068 -81,365 -79,297
118,218 118,218
-580 286 -4,660 -110 -5,064
4,369 4,369
1,185,732 220,998 161,595 3,311,748 -31,737 -177,530 4,670,806
1,185,732 220,998 161,595 3,311,748 -31,737 -177,530 4,670,806
427 427
1,303 45,556 46,859
1,185,732 219,695 161,595 3,311,748 -31,737 -222,659 4,624,374
196,800 43,023 -186,399 977,360 -7,336 1,023,448
988,932 176,672 347,994 2,334,387 -31,737 -215,322 3,600,926
157
2017 1–6
1,731,034 838,644 2,150,472 6,760,884 173,907 11,654,941
1,731,034 838,644 2,150,472 6,760,884 173,907 11,654,941
1,731,034 838,644 2,150,472 6,760,884 173,907 11,654,941
899,156 574,352 1,734,844 4,196,233 117,005 7,521,590
114,227 28,392 142,619
10,732 29,948 13,603 46,910 101,193
4,368 198,846 11,982 248,203 463,399
37,532 163,793 279,522 545,288 1,026,135
755 261 -1,057 5,724 5,683
-316,521 -9,492 -326,013
45,588 45,588
-4,619 -4,619
706,919 163,297 39,125 1,910,773 56,902 -767,738 2,109,278
706,919 163,297 39,125 1,910,773 56,902 -767,738 2,109,278
5,703 5,703
822 3,516 4,875 15,724 24,937
706,919 162,475 35,609 1,905,898 56,902 -777,759 2,090,044
62,486 85,663 -51,128 623,576 720,597
644,433 76,812 86,737 1,282,322 56,902 -777,759 1,369,447
158
2.
250,000 2015/7/29 2018/7/29
700,000 2018/5/18 2021/6/30
NEW CHINA ASSET 1,763,469 2017/9/8 2019/9/7
MANAGEMENT
100,000 2017/12/18 2018/12/18
400,000 2017/12/13 2018/12/13
200,000 2017/12/20 2018/12/20
100,000 2017/12/22 2018/12/21
80,000 2018/1/4 2018/7/4
200,000 2018/1/11 2019/1/11
200,000 2018/1/12 2019/1/13
200,000 2018/1/12 2019/1/11
300,000 2018/1/17 2018/7/23
800,000 2018/1/30 2018/8/1
4,500,000 2018/1/31 2018/7/30
100,000 2018/1/4 2019/1/4
200,000 2018/3/13 2019/3/13
300,000 2018/3/22 2018/7/9
300,000 2018/4/13 2018/8/3
100,000 2018/4/28 2018/10/29
100,000 2018/4/28 2018/10/28
159
100,000 2018/5/2 2018/11/2
200,000 2018/5/7 2018/11/7
800,000 2018/5/3 2018/8/3
100,000 2018/5/2 2018/11/2
100,000 2018/5/2 2018/8/2
200,000 2018/5/10 2018/8/17
500,000 2018/5/2 2018/10/31
1,000,000 2018/5/3 2018/11/2
1,000,000 2018/5/16 2018/11/16
200,000 2018/5/23 2018/11/19
100,000 2018/6/12 2018/7/12
500,000 2018/6/25 2018/12/25
500,000 2018/6/26 2018/9/26
100,000 2017/12/29 2018/9/25
400,000 2018/3/28 2018/9/27
16,693,469
–
160
.
1.
(1)
(%) (%) (%) (%)
28,822 84.36 28,822 304,235 98.48 4,230 1.39 300,005
5,342 15.64 5,234 100.00 108 4,694 1.52 3,774 80.40 920
34,164 5,234 28,930 308,929 8,004 300,925
2 108 0 0%
2 5,234 5,234 100%
5,342 5,234
161
(2)
0 2,770
(3)
(%)
X 6,896 23.84 0
Y 2,644 9.14 2,644
Z 1,459 5.04 1,459
AA 159 0.55 159
AB 133 0.46 133
11,291 39.03 4,395
2.
(1)
(%) (%) (%) (%)
3,923,138 99.48 16,563 0.42 3,906,575 2,007,849 98.85 16,723 0.83 1,991,126
20,321 0.52 11,973 58.92 8,348 23,503 1.15 11,813 50.16 11,690
3,943,459 28,536 3,914,923 2,031,352 28,536 2,002,816
162
M 16,563 16,563 100%
16,563 16,563
2 8,348 0 0%
2 11,973 11,973 100%
20,321 11,973
(2)
163
3.
20,320,139 20,320,139 20,060,139 20,060,139
868,007 868,007 893,888 893,888
21,188,146 21,188,146 20,954,027 20,954,027
(1)
5,637 5,637
17,500 17,500
2,000 2,000
33,484 33,484
17,029 17,029
33,397 33,397
210,000 210,000
164
100,000 100,000
1,869,455 1,869,455
650,000 650,000
8,803 8,803
980,000 980,000
9,900 9,900
261,520 261,520
50,000 50,000
46,964 46,964
15,096,650 15,096,650
500,000 160,000 660,000
167,800 100,000 267,800
20,060,139 260,000 20,320,139
165
(2)
.
77,095 -3,764 73,331
723,112 -22,713 700,399
800,207 -26,477 773,730
.
92,495 60,327 59,700 93,122
1,186 -31 1,155
93,681 60,296 59,700 94,277
893,888 33,819 59,700 868,007
166
4.
1,784,252 563,834 1,333,188 578,114
39,823 40,980 30,064 31,917
1,824,075 604,814 1,363,252 610,031
5.
33,819 21,768
23,330 25,758
57,149 47,526
167
.
1.
-5,064
4,555
3,502
-12,320
-40,141
-41,225
43,647
23,330
-36,358
-10,261
7,414
13
-52,021
2.
(%)
7.91 0.14
8.04 0.15
168
FCS, FCIS
183 54
169
A 603993
H 03993
1.
2.
3.
4.
5.
(+86) 379 6860 3993 6.
7.
A 8.
166
36
H
183
17 1712–1716
55
A
H
68
19
www.chinamoly.com
170
100%
NPM Northparkes Parkes Northparkes
80%
APT
MAP
171
TFM TenkeFungurume
Anglo American PLC
BHR BHR Newwood Investment Management Limited
TFM TenkeFungurume Mining S.A.(DRC)
SPV CMOC Luxembourg S.A.R.L
Lundin Lundin Mining Corporation
CIL CopebrasIndústria Ltda. Catalo Chapado
NML NiobrasMinerao Ltda. Catalo Boa Vista
NCCL New China Capital Legend Limited
NCCL Natural Resources Investment Fund LP
NREIL Natural Resource Elite Investment Limited
IXM IXM B.V.
Gécamines La Generale des Carrieres et des Mines
CMOC Congo CMOC Congo SASU
CCC SARL Congo Construction Company
CMOC Limited
NSR New Silk Road Commodities Limited
SNEL Société nationale d’électricité
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172
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