China Natural Resources Stock

China Natural Resources, Inc. engages in the metals exploration and mining activities in the Inner Mongolia Autonomous Region of the PRC, including exploring for lead, silver and other nonferrous metal. The company is a subsidiary of Feishang Group Limited.

The company is engaged in the development of rural wastewater treatment technologies, the provision of equipment and materials for rural wastewater treatment, undertaking EPC (engineering, procurement and construction) and PPP (public-private partnership) projects in relation to rural wastewater treatment, and the provision of related consulting and professional technical services.

The company is also actively exploring business opportunities in the healthcare and other non-natural resource sectors.

In July 2021, the company diversified into the environmental protection business through the acquisition of a 51% equity interest in Shanghai Onway Environmental Development Co., Limited (Shanghai Onway), a PRC company, which is principally engaged in the development of rural wastewater treatment technologies, the provision of equipment and materials for rural wastewater treatment, undertaking engineering procurement construction (EPC) and public-private partnership (PPP) projects in relation to rural wastewater treatment, and the provision of consulting and professional technical services.

Segments

The company operates through two segments, Wastewater Treatment, and Exploration and Mining.

Wastewater Treatment

This segment consists of sales of assembled equipment, provision of construction service, and participating in public-private partnership (PPP) projects as operator.

Exploration and Mining

This segment consists of the exploration of lead, silver, and other metals in the Inner Mongolia Autonomous Region of the PRC; and the trading of copper ores products.

Rural Wastewater Treatment Activities

Acquisition of PST Technology

On July 27, 2021, the company acquired all outstanding shares of Precise Space-Time Technology Limited (PST Technology).

PST Technology, through its wholly owned subsidiaries, owns a 51% equity interest in Shanghai Onway. Shanghai Onway is principally engaged in the development of rural wastewater treatment technologies, the provision of equipment and materials for rural wastewater treatment, undertaking EPC and PPP projects in relation to rural wastewater treatment, and the provision of consulting and professional technical services. Shanghai Onway’s the Wujiang Project involves the provision of waste disposal, treatment and cleaning services, including the construction of loading stations for solid waste treatment and facilities and associated piping network for rural wastewater treatment in three townships.

Shanghai Onway has also undertaken a considerable number of EPC projects in Zhejiang Province, Jiangsu Province and Shanghai.

Metal Exploration Activities

In 2017, the company acquired Bayannaoer City Feishang Mining Company Limited (Bayannaoer Mining). Bayannaoer Mining holds an exploration permit issued by the Land and Resources Department of Inner Mongolia Autonomous Region covering the Wulatehouqi Moruogu Tong Mine (the Moruogu Tong Mine), located in Wulatehouqi, Bayannaoer City, Inner Mongolia. The exploration permit evidences Bayannaoer Mining’s right to explore for minerals at the Moruogu Tong Mine.

In 2005, Bayannaoer Mining obtained 11 exploration rights from the Land and Resources Department of Inner Mongolia Autonomous Region. The exploration permit for the Moruogu Tong Mine runs until September 2026 and covers a site area of 7.81 square kilometers. The Moruogu Tong Mine is located in Wulatehouqi, Bayannaoer City, in the Inner Mongolia Autonomous Region of the PRC.

Moruogu Tong Mine

The Moruogu Tong Mine is a concealed deposit or an underground mine, with minimum depth of about 40 meters below ground. The Moruogu Tong Mine is mainly a lead deposit associated with silver.