CITIC Resources Holdings Ltd

Detailed Description

CITIC Resources Holdings Limited, an investment holding company, engages in the exploration, development, and production of oil and coal. It operates through four segments: Aluminum Smelting, Coal, Import and Export of Commodities, and Crude Oil. The Aluminum smelting segment operates Portland aluminum smelter, which sources alumina and produces aluminum ingots in Australia. The Coal segment mines and sells coal in Australia. The Import and Export of Commodities segment exports various commodity products, such as aluminum ingots, alumina, and copper; and imports other commodities and manufactured goods, including steel, vehicle and industrial batteries, and tyres in Australia. The Crude Oil segment explores, develops, and operates oilfields, as well as engages in the sale of oil in Indonesia and China. The company also engages in financing; oil technology development; and property holding activities, as well as provides consulting and management services. The company was incorporated in 1997 and is headquartered in Kowloon, Hong Kong. CITIC Resources Holdings Limited is a subsidiary of CITIC Group Corporation.