CITIC Resources Holdings Limited (Chinese:中信资源控股有限公司;pinyin:Zhōngxìn Zīyuán Kònggǔ Yǒuxiàn Gōngsī) is a Hong Kong-based natural resources company and a red chip subsidiary of theCITIC Group, one of China's largest state-owned conglomerates. Established in 1997, the company has evolved from a metals trading firm into a vertically integrated natural resources enterprise engaged in oil, coal, aluminum, and commodities trading.^[1]

CITIC Resources is majority-owned byCITIC Limited, which holds approximately 59.5% of its shares.^[2] As a red chip company, it operates with Chinese state backing but is incorporated and listed in Hong Kong. The company’s chairman is Mi Zengxin.

The company is listed on theHong Kong Stock Exchange under stock codeSEHK: 1205.

In 2007, CITIC Resources acquired oil assets inKazakhstan andNortheast China from its parent, CITIC Group, for US$1.15 billion.^[3] This strategic shift transformed the company from a metals-focused entity into an energy producer. CITIC Resources has since positioned itself as one of the leading Chinese oil producers afterPetroChina,Sinopec, andCNOOC.

CITIC Resources holds upstream oil assets in:

• Kazakhstan – Operator of theKarazhanbas Oilfield onshore in the Caspian Basin.
• Indonesia – Participates in theSeram Block located in eastern Indonesia.
• China – Operates theYuedong Oilfield in Liaoning Province through its majority interest in Tincy Group Energy.

These projects provide steady oil production and contribute a major share of the company’s revenue.^[4]

The company holds stakes in several coal operations:

• Xin Julong Coal Mine (Shandong, China) – A 30% stake in a major Chinese coal mine.
• Coppabella and Moorvale Mines (Australia) – Investments through theMacarthur Coal Joint Venture, specializing in metallurgical coal used for steelmaking.^[5]

CITIC Resources is a joint venture participant in the:

• Portland Aluminum Smelter (Victoria, Australia) – One of the largest aluminum smelting facilities in the Southern Hemisphere, producing ingots for regional and global markets.^[6]

The company remains active in:

• Trading of base and precious metals
• Import/export of bulk resources including bauxite, alumina, and oil products
• Logistics and distribution support for raw materials across Asia-Pacific^[7]

• Official website of CITIC Resources Holdings Limited

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