China’s state-owned Minmetals Development Co., Ltd (Minmetals Development), a subsidiary of
China Minmetals Corporation (CMC), has announced an operating revenue of RMB 16.864 billion ($2.52 billion) for the first half of the current year, down 52.58 percent year on year, with a net profit of RMB 112 million ($16.77 million) compared to the net loss of RMB 294 million recorded in the same period of 2015. Minmetals Development in mainly involved in the domestic and international trading of steel products, billets, iron ore, coal and metallurgical coke.