SHANGHAI, Nov.16 (SMM)－It is learned that total assets of China Minmetals has surged from 247.2 billion yuan in 2012 to 813.9 billion yuan, rising 229%. Revenue rises from $51.07 billion in 2012 to $65.547 billion, up 26.5%. In the latest Fortune Top 500 Rankings, the company ranks at 120th with the 1st place in the metals industry. Currently full cost of iron concentrates of China Minmetals has dropped 60 yuan per tonne. Full cost of tungsten concentrates and processing cost of hard alloy has dropped 11% and 14% respectively.
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