"Mining for the Common Good" conference held in Vatican

2019-05-27 11:47:00

Leaders from more than 40 global mining giants gathered in Vatican on May 3 and discussed the sustainable development and public interest issues of mining at the “Mining for the Common Good” conference. 

At the invitation of the Holy See, Cedar Holdings, a Chinese mining company, became the first Chinese company to attend the conference.

King Cheung, Chairman of the Board of Directors of Cedar Holdings Group, attended the conference and delivered a speech at the welcome dinner。 He concurred with Pope Francis’ opening speech and underscored the importance of creating industrial value for fulfilling social responsibility。

According to Cheung, Cedar firmly upholds the corporate value of “create, share, love” and has helped the impoverished mountainous areas of southwest China to cut poverty and rejuvenated rural community, through educational support, donation, and industrial projects.

He noted that over the years, Cedar has provided high-quality and safe bulk commodity industry chain that services for more than 8,000 enterprises worldwide, actively promoted the development of mining industry and the overall efficiency of the industrial chain.

Cedar Holdings Group is an integrated industrial group in China, with business ranging from bulk commodities, new chemical materials, cultural tourism and smart city services, and an independent charity unit, as well as two A-share listed companies。 After 22 years of development, its annual revenue has topped 32。7 billion USD。 In 2018, Cedar Holdings ranked 361st on the Fortune Global 500 list。

Commodities are the core business of Cedar Holdings。 At present, Cedar Holdings has been a leading enterprise in China's commodity industry chain。 It has boasted rich mineral resources such as gold, copper, iron and coal in the world。 It has established branches in more than 10 countries including Italy, Switzerland, the UK, Germany, Australia and Singapore, with its business nodes spreading throughout Asia, Europe and Africa along the “Belt and Road”。

Cheung said that in the future, Cedar Holdings will accelerate its global presence, and comprehensively strengthen its scale and channel advantages, resource development and industrial chain integrated service capacity in the international commodity market.

Pope Francis, Cardinal Peter Turkson presided the event。 Chairman of Australia's Fortescue Metals Group (FMG) Andrew Forrest, CEO of Anglo American Mark Cutifani, and CEO of the International Council on Mining and Metals (ICMM) Tom Butler were also present。

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