HBIS Resources Co., Ltd.

Chinese miner of copper, iron ore and industrial minerals

What HBIS Resources does

HBIS Resources mines and processes mineral ores in China and sells the products at home and abroad. Its main outputs are copper, iron and magnetite concentrates plus vermiculite, the raw materials that feed steelmakers and industrial manufacturers. The company also hires out labor and leases equipment to other operators. It began in 1950 as XuanHua Construction Machinery and was renamed HBIS Resources in December 2019.

How HBIS Resources makes money

It earns revenue by selling mined and processed mineral products — chiefly copper, iron ore and magnetite concentrate, plus vermiculite — to industrial and steel customers in China and overseas. Supplementary income comes from providing labor services and leasing assets.

Products & services

• copper products
• iron ore
• magnetite concentrate
• vermiculite
• mineral processing and mining services
• labor and equipment leasing services