CITIC Resources Holdings Limited (CTJHY) Research

CITIC Resources Holdings Limited functions as an investment holding entity primarily focused on the discovery, development, and extraction of oil and coal resources. Its operations are structured across four distinct divisions: Aluminum Smelting, Coal, Import and Export of Commodities, and Crude Oil. Within Australia, the Aluminum Smelting division manages the Portland aluminum smelter, where it processes sourced alumina into aluminum ingots. The Coal division is responsible for mining and selling coal across Australia. Its Import and Export of Commodities unit facilitates the trade of various goods within Australia, exporting products such as aluminum ingots, alumina, and copper, while importing items like steel, automotive and industrial batteries, and tires. The Crude Oil division undertakes the exploration, development, and operation of oilfields, alongside the sale of crude oil in both Indonesia and China. Beyond these core activities, the company also participates in financial services, advances oil technology, holds property assets, and offers consulting and management expertise. Established in 1997 with its main office located in Kowloon, Hong Kong, CITIC Resources Holdings Limited operates as a subsidiary under the CITIC Group Corporation umbrella.

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