View source for CITIC Resources

{{Infobox company
| name = CITIC Resources Holdings Limited <br />中信资源控股有限公司
| logo = 
| type = [[State-owned enterprise]] ([[Red chip]])
| traded_as = {{hkex|1205}}
| foundation = 1997
| location_city = [[Hong Kong]]
| location_country = [[People's Republic of China]]
| key_people = Mi Zengxin ([[Chairman]])
| area_served = [[People's Republic of China]] and international
| industry = [[Natural resources]]
| parent = [[CITIC Group]]
| homepage = {{URL|http://resources.citic}}
}}

'''CITIC Resources Holdings Limited''' ({{lang-zh|s=中信资源控股有限公司|p=Zhōngxìn Zīyuán Kònggǔ Yǒuxiàn Gōngsī}}) is a Hong Kong-based natural resources company and a red chip subsidiary of the [[CITIC Group]], one of China's largest state-owned conglomerates. Established in 1997, the company has evolved from a metals trading firm into a vertically integrated natural resources enterprise engaged in oil, coal, aluminum, and commodities trading.<ref name="profile">{{cite web |title=Corporate Profile |url=https://www.citicresources.com/eng/aboutus/profile.htm |publisher=CITIC Resources Holdings Limited |access-date=2025-04-12}}</ref>

== Corporate affairs ==
CITIC Resources is majority-owned by [[CITIC Limited]], which holds approximately 59.5% of its shares.<ref>{{cite web |title=Annual Report 2023 |url=https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0326/2024032602174.pdf |publisher=HKEX |access-date=2025-04-12}}</ref> As a red chip company, it operates with Chinese state backing but is incorporated and listed in Hong Kong. The company’s chairman is Mi Zengxin.

The company is listed on the [[Hong Kong Stock Exchange]] under stock code {{hkex|1205}}.

== History ==
In 2007, CITIC Resources acquired oil assets in [[Kazakhstan]] and [[Northeast China]] from its parent, CITIC Group, for US$1.15 billion.<ref>{{cite news |title=Citic Resources to buy oil fields from parent company |url=https://www.nytimes.com/2007/05/09/business/worldbusiness/09iht-citic.1.5661737.html |work=The New York Times |date=2007-05-09 |access-date=2025-04-12}}</ref> This strategic shift transformed the company from a metals-focused entity into an energy producer. CITIC Resources has since positioned itself as one of the leading Chinese oil producers after [[PetroChina]], [[Sinopec]], and [[CNOOC]].

== Operations ==

=== Crude oil ===
CITIC Resources holds upstream oil assets in:
* Kazakhstan – Operator of the '''Karazhanbas Oilfield''' onshore in the Caspian Basin.
* Indonesia – Participates in the '''Seram Block''' located in eastern Indonesia.
* China – Operates the '''Yuedong Oilfield''' in Liaoning Province through its majority interest in Tincy Group Energy.

These projects provide steady oil production and contribute a major share of the company’s revenue.<ref>{{cite web |title=Oil Business Overview |url=https://www.citicresources.com/eng/business/oil.htm |publisher=CITIC Resources |access-date=2025-04-12}}</ref>

=== Coal ===
The company holds stakes in several coal operations:
* Xin Julong Coal Mine (Shandong, China) – A 30% stake in a major Chinese coal mine.
* Coppabella and Moorvale Mines (Australia) – Investments through the '''Macarthur Coal Joint Venture''', specializing in metallurgical coal used for steelmaking.<ref>{{cite web |title=Coal Business Overview |url=https://www.citicresources.com/eng/business/coal.htm |publisher=CITIC Resources |access-date=2025-04-12}}</ref>

=== Aluminum ===
CITIC Resources is a joint venture participant in the:
* Portland Aluminum Smelter (Victoria, Australia) – One of the largest aluminum smelting facilities in the Southern Hemisphere, producing ingots for regional and global markets.<ref>{{cite web |title=Aluminum Business |url=https://www.citicresources.com/eng/business/aluminum.htm |publisher=CITIC Resources |access-date=2025-04-12}}</ref>

=== Commodities trading ===
The company remains active in:
* Trading of base and precious metals
* Import/export of bulk resources including bauxite, alumina, and oil products
* Logistics and distribution support for raw materials across Asia-Pacific<ref>{{cite web |title=Commodities Trading |url=https://www.citicresources.com/eng/business/trading.htm |publisher=CITIC Resources |access-date=2025-04-12}}</ref>

== References ==
{{Reflist}}

== External links ==
* [http://resources.citic/ Official website of CITIC Resources Holdings Limited]

{{CITIC}}
{{Oil and gas companies of the People's Republic of China}}
{{Coal companies of China}}
{{Metal companies of China}}
{{Authority control}}

[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Companies established in 1997]]
[[Category:CITIC Group]]
[[Category:Government-owned companies of China]]
[[Category:1997 establishments in China]]
[[Category:Oil companies of China]]
[[Category:Coal companies of China]]
[[Category:Metal companies of China]]
{{petroleum-company-stub}}
{{coal-company-stub}}