"China picks state firm to help coordinate mining deals abroad", Bloomberg, 3 jun 2026

The National Development and Reform Commission [...] will take the lead on strengthening oversight of mining investment decisions, [...]. State-owned Guangyan International Investment Co. will offer support on compliance and financing, as well as industrywide planning of such outbound deals.

Guangyan [...] will be able to co-invest in overseas resources projects alongside Chinese firms, [...]. The little-known company is majority owned by state minerals giant China Minmetals Corp., according to registry database Qichacha.

Beijing told a number of major metals companies [...] they’ll receive backing for overseas investments from government bodies, the people said. At the same time, smaller firms would face stricter controls given their weaker capacity to tackle political risks and operational challenges abroad.

[...] Among the attendees included the nation’s largest copper and gold miner, Zijin Mining Group Co., and China Baowu Steel Group Corp., its biggest steelmaker, [...].

Contact details for Guangyan weren’t immediately available. The NDRC, Minmetals, Zijin and Baowu didn’t immediately respond to requests for comments.