20-F/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

————————

FORM 20-F/A

(Amendment No. 1)

————————

(Mark One)

¨	REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE
	ACT OF 1934
OR
þ	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
	OF 1934
For the fiscal year ended December 31, 2017
OR
¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the transition period from: _____________ to _____________
OR
¨	SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
Date of event requiring shell company report ___________

Commission file number: 0-26046

CHINA NATURAL RESOURCES, INC.

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

British Virgin Islands

(Jurisdiction of incorporation or organization)

Room 2205, 22/F, West Tower, Shun Tak Centre,

168-200 Connaught Road Central, Sheung Wan, Hong Kong

(Address of principal executive offices)

Bonaventure Yue, Chief Financial Officer

Room 2205, 22/F, West Tower, Shun Tak Centre,

168-200 Connaught Road Central, Sheung Wan, Hong Kong

bonyue@chnr.net

 (Name, telephone number, e-mail and/or facsimile number and address of Registrant’s contact person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class	Name of each exchange on which registered
Common Shares, without par value	NASDAQ Capital Market

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report. 24,910,916 common shares as of December 31, 2017.

Indicate by check mark if the issuer is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ¨  No þ

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ¨  No þ

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes þ  No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes þ  No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer. See definition of “accelerated filer,” “large accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer ¨	Accelerated Filer ¨
Non-Accelerated Filer þ	Emerging Growth Company ¨

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standardsprovided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ¨	International Financial Reporting Standards as issued	Other ¨
	By the International Accounting Standards Board þ

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

Item 17 ¨  Item 18 ¨

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨  No þ

EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 20-F of China Natural Resources, Inc. (the “Company”) amends the Company’s Annual Report on Form 20-F for the year ended December 31, 2017 (the “Original 20-F”), which was filed with the Securities and Exchange Commission on April 30, 2018. The Company is filing this Amendment No. 1 solely to furnish Exhibit 101, which was not included in the Original 20-F. Exhibit 101 includes information about the Company in eXtensible Business Reporting Language (XBRL). Exhibit 101 was omitted from the Original 20-F in accordance with the 30-day grace period provided under Rule 405(a)(2)(ii) of Regulation S-T. 

Except as described above, this Amendment No. 1 does not amend any information set forth in the Original 20-F, and the Company has not updated disclosures included therein to reflect any events that occurred subsequent to April 30, 2018. 

Pursuant to Regulation S-T, these interactive data files are deemed furnished and not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, and are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and are otherwise not subject to liability under those sections.

1

PART III

ITEM 19.

EXHIBITS

The following Exhibits are included as part of this Form 20-F:

Exhibit No.	Exhibit Description
1.1	Amended and Restated Memorandum and Articles of Association of the Registrant(included as Exhibit 99.1 to Form 6K filed January 30, 2014, and incorporated herein by reference).
1.2	Board of Directors Resolutions Designating Series B Preferred Stock and Establishing Rights, Preferences and Limitations(included as Exhibit 1.3 to Annual Report on Form 20-F for the fiscal year ended December 31, 2004, and incorporated herein by reference).
4.1	Acquisition Agreement dated January 24, 2006 by and between China Natural Resources, Inc., Feishang Mining Holdings Limited and Feishang Group Limited(included as Exhibit 10.1 to the Current Report on Form 6-K furnished January 25, 2006, and incorporated herein by reference).
4.2	Agreement for the Sale and Purchase of the Entire Issued Share Capital in Pineboom Investments Limited dated July 11, 2008 by and between Feishang Group Limited and China Natural Resources, Inc.(included as Exhibit 10.1 to the Current Report on Form 6-K furnished July 15, 2008, and incorporated herein by reference).
4.3	Agreement for the Sale and Purchase of the Entire Issued Share Capital in Newhold Investments Limited dated August 11, 2008 by and between Feishang Group Limited and China Natural Resources, Inc.(included as Exhibit 10.1 to the Current Report on Form 6-K furnished August 13, 2008, and incorporated herein by reference).
4.4	Letter Agreement dated January 12, 2009 by and between Feishang Group Limited and China Natural Resources, Inc.(included as Exhibit 10.2 to the Current Report on Form 6-K furnished January 20, 2009, and incorporated herein by reference).
4.5	Letter Agreement dated July 10, 2009 by and between Feishang Group Limited and China Natural Resources, Inc.(included as Exhibit 10.2 to the Current Report on Form 6-K furnished July 17, 2009, and incorporated herein by reference).
4.6	Agreement for the Sale and Purchase of the Entire Issued Share Capital in Wealthy Year Limited dated April 30, 2010 by and between Feishang Group Limited and China Natural Resources, Inc.(included as Exhibit 4.1 to the Current Report on Form 6-K furnished May 11, 2010, and incorporated herein by reference).
4.7	2014 Equity Compensation Plan(included as Annex A of Exhibit 99.1 to the Current Report on Form 6-K furnished August 13, 2014, and incorporated herein by reference).
4.8	Service Agreement dated as of April 2, 2015 by and between the Company and Tam Cheuk Ho(included as Exhibit 99.1 to the Current Report on Form 6-K furnished April 6, 2015, and incorporated herein by reference).
4.9	Service Agreement dated as of April 2, 2015 by and between the Company and Wong Wah On Edward(included as Exhibit 99.2 to the Current Report on Form 6-K furnished April 6, 2015, and incorporated herein by reference).
4.10	Service Agreement dated as of April 2, 2015 by and between the Company and Yue Ming Wai Bonaventure(included as Exhibit 99.3 to the Current Report on Form 6-K furnished April 6, 2015, and incorporated herein by reference).
4.11	Sales and Purchase Master Contract dated January 1, 2015 by and between Fanchang County Jinfeng Mining Ltd. and Wuhu Feishang Mining Development Co., Limited(included as Exhibit 4.17 to the Annual Report on Form 20-F furnished April 28, 2016, and incorporated herein by reference).
4.12	Agreement dated December 23, 2016 by and between the Company and Feishang Hesheng Investment Limited(included as Exhibit 99.1 to the Current Report on Form 6-K furnished December 23, 2016, and incorporated herein by reference).
4.13	Deed of Assignment dated December 23, 2016 by and among the Company, Double Grow International Limited and Feishang Hesheng Investment Limited(included as Exhibit 99.2 to the Current Report on Form 6-K furnished December 23, 2016, and incorporated herein by reference).
4.14	Equity Transfer Agreement dated February 24, 2017 by and among Wuhu City Feishang Industrial Development Co., Ltd., Feishang Mining Holdings Limited, Mr. Shen Yandi and Wuhu Feishang Mining Development Co., Limited(English translation included as Exhibit 10.1 to the Current Report on Form 6-K furnished March 7, 2017, and incorporated herein by reference).
4.15	License Agreement dated April 1, 2017 by and between Anka Consultants Limited and China Natural Resources, Inc.(included as Exhibit 4.15 to the Annual Report on Form 20-F furnished June 19, 2017, and incorporated herein by reference).

2

Exhibit No.	Exhibit Description
4.16	Lease Contract dated May 21, 2015 by and between the Autonomous Municipal Government of Uyuni and Planta Metalurgica Antay Pacha S.A.(included as Exhibit 4.16 to the Annual Report on Form 20-F furnished June 19, 2017, and incorporated herein by reference).
4.17	Purchase and Sale Contract of Copper Mineral dated November 19, 2016 by and between Cooperativa Minera Estrella del Sur Ltda. and Planta Metalurgica Antay Pacha S.A.(included as Exhibit 4.17 to the Annual Report on Form 20-F furnished on June 19, 2017, and incorporated herein by reference).
4.18	Purchase and Sale Contract of Mineral dated March 22, 2017 by and between Minera DCH S.R.L. and Planta Metalurgica Antay Pacha S.A.(included as Exhibit 4.18 to the Annual Report on Form 20-F furnished on June 19, 2017, and incorporated herein by reference).
4.19	Employment Agreement dated June 1, 2016 by and between Planta Metalurgica Antay Pacha S.A. and Wang Yourong(included as Exhibit 4.19 to the Annual Report on Form 20-F furnished on June 19, 2017, and incorporated herein by reference).
4.20	Agreement dated November 30, 2017 by and between Yangpu Shuanghu Industrial Development Co., Limited and Feishang Enterprise Group Co., Ltd.(included as Exhibit 99.1 to the Current Report on Form 6-K furnished on December 6, 2017, and incorporated herein by reference).
4.21	Agreement dated November 30, 2017 by and between Yangpu Shuanghu Industrial Development Co., Limited and Shenzhen Chaopeng Investment Co., Ltd.(included as Exhibit 99.2 to the Current Report on Form 6-K furnished on December 6, 2017, and incorporated herein by reference).
4.22	Purchase and Sale Agreement dated December 29, 2017 by and among the Company, Double Grow International Limited and Shanghai Kangzheng Investment Management Co., Ltd.(included as Exhibit 10.1 to the Current Report on Form 6-K furnished on January 3, 2018, and incorporated herein by reference).
4.23	Deed of Assignment of Loan dated December 29, 2017 by and among the Company, Double Grow International Limited and Shanghai Kangzheng Investment Management Co., Ltd.(included as Schedule 3 of Exhibit 10.1 to the Current Report on Form 6-K furnished on January 3, 2018, and incorporated herein by reference).
4.24	Promissory Note dated December 29, 2017 from Shanghai Kangzheng Investment Management Co., Ltd. in favor of the Company(included as Schedule 4 of Exhibit 10.1 to the Current Report on Form 6-K furnished on January 3, 2018, and incorporated herein by reference).
4.25	Mutual Cooperation Agreement dated August 20, 2017 by and between Bayannaoer City Feishang Mining Company Limited and Bayannaoer Jijincheng Mining Co., Ltd.(included as Exhibit 4.25 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
6	Computation of Earnings Per Share for Fiscal Year ended December 31, 2017(contained in Financial Statements included with Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
7	Computation of Ratios for Fiscal Years ended December 31, 2015, 2016 and 2017(included as Exhibit 7 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
8	Subsidiaries of the Registrant(included as Exhibit 8 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
11	Code of Ethics(included as Exhibit 14 to Annual Report on Form 10-KSB for the fiscal year ended December 31, 2003, and incorporated herein by reference).
12.1	CEO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002(included as Exhibit 12.1 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
12.2	CFO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002(included as Exhibit 12.2 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
13.1	CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002(included as Exhibit 13.1 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
13.2	CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002(included as Exhibit 31.2 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
99.1	Press Release dated April 30, 2018(included as Exhibit 99.1 to Annual Report on Form 20-F for the year ended December 31, 2017, and incorporated herein by reference).
101.INS	XBRL Instance Document*.
101.SCH	XBRL Taxonomy Extension Schema Document*.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document*.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document*.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document*.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document*.

———————

*  Furnished herewith.

SIGNATURES

The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Amendment to Annual Report on its behalf.

	CHINA NATURAL RESOURCES, INC.
Date: May 25, 2018	By:	/s/ WONG WAH ON EDWARD
		Wong Wah On Edward, CEO

XML

Document and Entity Information	12 Months Ended
	Dec. 31, 2017 shares
Document And Entity Information
Entity Registrant Name	CHINA NATURAL RESOURCES INC
Entity Central Index Key	0000793628
Document Type	20-F
Document Period End Date	Dec. 31, 2017
Trading Symbol	CHNR
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	24,910,916
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2017

XML

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
NON-CURRENT ASSETS
Property, plant and equipment | ¥		¥ 337	¥ 54,523
Rehabilitation fund | ¥			3,972
Prepayments | ¥			56
TOTAL NON-CURRENT ASSETS | ¥		337	58,551
CURRENT ASSETS
Inventories | ¥			10,557
Prepayments | ¥		39	330
Other receivables | ¥		10,494	6,127
Cash and cash equivalents | ¥		18,878	19,228
TOTAL CURRENT ASSETS | ¥		29,411	36,242
TOTAL ASSETS | ¥		29,748	94,793
CURRENT LIABILITIES
Trade payables | ¥		215	2,736
Other payables and accrued liabilities | ¥		2,926	17,361
Taxes payable | ¥		16,792	22,627
Due to related companies | ¥		13,747	21,007
Due to the Shareholder | ¥		11,573	12,565
TOTAL CURRENT LIABILITIES | ¥		45,253	76,296
NON-CURRENT LIABILITIES
Asset retirement obligations | ¥			5,302
TOTAL NON-CURRENT LIABILITIES | ¥			5,302
TOTAL LIABILITIES | ¥		45,253	81,598
EQUITY / (DEFICIENCY IN ASSETS)
Issued capital | ¥		312,081	312,081
Other capital reserves | ¥		692,518	692,518
Reserves | ¥			63,180
Accumulated losses | ¥		(1,016,463)	(1,049,647)
Other comprehensive income | ¥		(3,641)	(4,937)
TOTAL EQUITY / (DEFICIENCY IN ASSETS) | ¥		(15,505)	13,195
TOTAL LIABILITIES AND EQUITY | ¥		¥ 29,748	¥ 94,793
USD [Member]
NON-CURRENT ASSETS
Property, plant and equipment | $	$ 52
Rehabilitation fund | $
Prepayments | $
TOTAL NON-CURRENT ASSETS | $	52
CURRENT ASSETS
Inventories | $
Prepayments | $	6
Other receivables | $	1,613
Cash and cash equivalents | $	2,901
TOTAL CURRENT ASSETS | $	4,520
TOTAL ASSETS | $	4,572
CURRENT LIABILITIES
Trade payables | $	33
Other payables and accrued liabilities | $	450
Taxes payable | $	2,581
Due to related companies | $	2,113
Due to the Shareholder | $	1,779
TOTAL CURRENT LIABILITIES | $	6,956
NON-CURRENT LIABILITIES
Asset retirement obligations | $
TOTAL NON-CURRENT LIABILITIES | $
TOTAL LIABILITIES | $	6,956
EQUITY / (DEFICIENCY IN ASSETS)
Issued capital | $	47,963
Other capital reserves | $	106,432
Reserves | $
Accumulated losses | $	(156,219)
Other comprehensive income | $	(560)
TOTAL EQUITY / (DEFICIENCY IN ASSETS) | $	(2,384)
TOTAL LIABILITIES AND EQUITY | $	$ 4,572

XML

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($) $ / shares	Dec. 31, 2017 CNY (¥) ¥ / shares	Dec. 31, 2016 CNY (¥) ¥ / shares	Dec. 31, 2015 CNY (¥) ¥ / shares
CONTINUING OPERATIONS
Administrative expenses | ¥		¥ (6,204)	¥ (4,519)	¥ (3,577)
OPERATING LOSS | ¥		(6,204)	(4,519)	(3,577)
Finance costs | ¥		(14)	(1)	(2)
Foreign exchange difference, net | ¥				(354)
Interest income | ¥		39	75	164
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | ¥		(6,179)	(4,445)	(3,769)
INCOME TAX EXPENSE | ¥				(1,504)
LOSS FOR THE YEAR FROM CONTINUING OPERATIONS | ¥		(6,179)	(4,445)	(5,273)
DISCONTINUED OPERATIONS
Loss for the year from discontinued operations, net of tax | ¥		(23,817)	(18,591)	(36,176)
LOSS FOR THE YEAR | ¥		(29,996)	(23,036)	(41,449)
ATTRIBUTABLE TO: Owners of the Company
From continuing operations | ¥		(6,179)	(4,445)	(5,273)
From discontinued operations | ¥		(23,817)	(18,591)	(36,176)
ATTRIBUTABLE TO: Owners of the Company | ¥		(29,996)	(23,036)	(41,449)
ATTRIBUTABLE TO: Non-controlling interests
From continuing operations | ¥
From discontinued operations | ¥
ATTRIBUTABLE TO: Non-controlling interests | ¥
LOSS FOR THE YEAR | ¥		¥ (29,996)	¥ (23,036)	¥ (41,449)
LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: Basic
- For loss from continuing operations | ¥ / shares		¥ (0.25)	¥ (0.18)	¥ (0.21)
- For loss from discontinued operations | ¥ / shares		(0.95)	(0.74)	(1.45)
- Net loss per share | ¥ / shares		(1.20)	(0.92)	(1.66)
LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: Diluted
- For loss from continuing operations | ¥ / shares		(0.25)	(0.18)	(0.21)
- For loss from discontinued operations | ¥ / shares		(0.95)	(0.74)	(1.45)
- Net loss per share | ¥ / shares		¥ (1.20)	¥ (0.92)	¥ (1.66)
USD [Member]
CONTINUING OPERATIONS
Administrative expenses | $	$ (953)
OPERATING LOSS | $	(953)
Finance costs | $	(2)
Foreign exchange difference, net | $
Interest income | $	6
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | $	(949)
INCOME TAX EXPENSE | $
LOSS FOR THE YEAR FROM CONTINUING OPERATIONS | $	(949)
DISCONTINUED OPERATIONS
Loss for the year from discontinued operations, net of tax | $	(3,660)
LOSS FOR THE YEAR | $	(4,609)
ATTRIBUTABLE TO: Owners of the Company
From continuing operations | $	(949)
From discontinued operations | $	(3,660)
ATTRIBUTABLE TO: Owners of the Company | $	(4,609)
ATTRIBUTABLE TO: Non-controlling interests
From continuing operations | $
From discontinued operations | $
ATTRIBUTABLE TO: Non-controlling interests | $
LOSS FOR THE YEAR | $	$ (4,609)
LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: Basic
- For loss from continuing operations | $ / shares	$ (0.04)
- For loss from discontinued operations | $ / shares	(0.15)
- Net loss per share | $ / shares	(0.19)
LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: Diluted
- For loss from continuing operations | $ / shares	(0.04)
- For loss from discontinued operations | $ / shares	(0.15)
- Net loss per share | $ / shares	$ (0.19)

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
ForeignCurrencyLineItems [Line Items]
LOSS FOR THE YEAR | ¥		¥ (29,996)	¥ (23,036)	¥ (41,449)
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Reclassification adjustments for a foreign operation disposed during the year | ¥		3,280
Foreign currency translation adjustments | ¥		(1,984)	(834)	410
Total other comprehensive income for the year, net of tax | ¥		1,296	(834)	410
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | ¥		(28,700)	(23,870)	(41,039)
Attributable to: Owners of the Company
From continuing operations | ¥		(5,758)	(4,445)	(5,273)
From discontinued operations | ¥		(22,942)	(19,425)	(35,766)
Attributable to: Owners of the Company | ¥		(28,700)	(23,870)	(41,039)
ATTRIBUTABLE TO: Non-controlling interests
From continuing operations | ¥
From discontinued operations | ¥
Non-controlling interests | ¥
TOTAL COMPREHENSIVE IMCOME FOR THE YEAR | ¥		¥ (28,700)	¥ (23,870)	¥ (41,039)
USD [Member]
ForeignCurrencyLineItems [Line Items]
LOSS FOR THE YEAR | $	$ (4,609)
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Reclassification adjustments for a foreign operation disposed during the year | $	504
Foreign currency translation adjustments | $	(305)
Total other comprehensive income for the year, net of tax | $	199
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | $	(4,410)
Attributable to: Owners of the Company
From continuing operations | $	(884)
From discontinued operations | $	(3,526)
Attributable to: Owners of the Company | $	(4,410)
ATTRIBUTABLE TO: Non-controlling interests
From continuing operations | $
From discontinued operations | $
Non-controlling interests | $
TOTAL COMPREHENSIVE IMCOME FOR THE YEAR | $	$ (4,410)

XML

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ¥ in Thousands, $ in Thousands	Attributable to owners of the Company Issued Capital (Note 19) [Member] CNY (¥)	Attributable to owners of the Company Issued Capital (Note 19) [Member] USD [Member] USD ($)	Attributable to owners of the Company Other Capital Reserves [Member] CNY (¥)	Attributable to owners of the Company Other Capital Reserves [Member] USD [Member] USD ($)	Attributable to owners of the Company Reserves [Member] CNY (¥)	Attributable to owners of the Company Reserves [Member] USD [Member] USD ($)	Attributable to owners of the Company Accumulated losses [Member] CNY (¥)	Attributable to owners of the Company Accumulated losses [Member] USD [Member] USD ($)	Attributable to owners of the Company Other Comprehensive Income [Member] CNY (¥)	Attributable to owners of the Company Other Comprehensive Income [Member] USD [Member] USD ($)	Attributable to owners of the Company Total [Member] CNY (¥)	Attributable to owners of the Company Total [Member] USD [Member] USD ($)	Non-controlling interests [Member] CNY (¥)	Non-controlling interests [Member] USD [Member] USD ($)	CNY (¥)	USD [Member] USD ($)
Beginning Balance at Dec. 31, 2014	¥ 312,081		¥ 636,960		¥ 58,797		¥ (980,085)		¥ (4,513)		¥ 23,240				¥ 23,240
Loss for the year							(41,449)				(41,449)				(41,449)
Change in fair value of available-for-sale investments, net of tax									631		631				631
Reclassification adjustments for gains on disposal included in the consolidated statement of profit or loss									(631)		(631)				(631)
Total other comprehensive income for the year, net of tax									410		410				410
Total comprehensive income							(41,449)		410		(41,039)				(41,039)
Appropriation and utilization of safety fund and production maintenance fund, net					5,436		(5,436)
Ending Balance at Dec. 31, 2015	312,081		636,960		64,233		(1,026,970)		(4,103)		(17,799)				(17,799)
Loss for the year							(23,036)				(23,036)				(23,036)
Total other comprehensive income for the year, net of tax									(834)		(834)				(834)
Total comprehensive income							(23,036)		(834)		(23,870)				(23,870)
Adjustment in relation to acquisition of Double Grow					(694)						(694)				(694)
Deemed contribution from a related party (Note 5 and Note 19(b))			55,558								55,558				55,558
Appropriation and utilization of safety fund, net					(359)		359
Ending Balance at Dec. 31, 2016	312,081		692,518		63,180		(1,049,647)		(4,937)		13,195				13,195
Loss for the year							(29,996)				(29,996)				(29,996)
Total other comprehensive income for the year, net of tax									1,296		1,296				1,296	$ 199
Total comprehensive income							(29,996)		1,296		(28,700)				(28,700)	(4,410)
Disposal of the discontinued operations					(63,180)		63,180
Ending Balance at Dec. 31, 2017	¥ 312,081	$ 47,963	¥ 692,518	$ 106,432			¥ (1,016,463)	$ (156,219)	¥ (3,641)	$ (560)	¥ (15,505)	$ (2,384)			¥ (15,505)	$ (2,384)

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
OPERATING ACTIVITIES
Loss for the year: From continuing operations | ¥		¥ (6,179)	¥ (4,445)	¥ (5,273)
Loss for the year: From discontinued operations | ¥		(23,817)	(18,591)	(36,176)
Adjustments for:
Depreciation and amortization | ¥		1,748	2,655	2,472
Provision for impairment of property, plant and equipment | ¥				7,542
Gain on disposal of property, plant and equipment | ¥		(45)	(1)	(2)
Reversal of write-down of inventories to net realizable value, net | ¥			(1,744)	(5,474)
Accretion expenses | ¥		60	311	433
Decrease in deferred income | ¥			(287)	(263)
Investment income realized from the available-for-sale investments | ¥				(631)
Loss on disposal of discontinued operations | ¥		15,571
Changes in working capital:
Rehabilitation fund | ¥		(11)	(15)	(107)
Inventories | ¥		(746)	(1,452)	11,624
Prepayments | ¥		(354)	(144)	59
Other receivables | ¥		(10,376)	(1,401)	(1,029)
Trade payables | ¥		(1,426)	(65)	(434)
Other payables and accrued liabilities | ¥		10,727	(3,088)	3,934
Taxes payable | ¥		102	(2)	1,756
Net cash flows used in operating activities | ¥		(14,746)	(28,269)	(21,569)
INVESTING ACTIVITIES
Proceeds from disposal of subsidiaries | ¥		7,983
Proceeds from disposal of the available-for-sale investments | ¥				124,640
Net cash flows from acquisition of subsidiaries, net (Note 5) | ¥		(86)		8,964
Purchases of property, plant and equipment | ¥		(5,029)	(4,946)	(10,625)
Net proceeds from disposal of property, plant and equipment | ¥			10	45
Purchase of available-for-sale investments | ¥				(124,009)
Receipt of government grants | ¥				550
Net cash flows (used in)/from investing activities | ¥		2,868	(4,936)	(435)
FINANCING ACTIVITIES
Repayments to the Shareholder | ¥				(33,209)
Advances from the Shareholder | ¥				31,786
Repayments to related companies | ¥		(2,385)	(2,020)	(51,930)
Advances from related companies | ¥		15,015	7,601	65,722
Net cash flows from financing activities | ¥		12,630	5,581	12,369
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS | ¥		752	(27,624)	(9,635)
NET FOREIGN EXCHANGE DIFFERENCE | ¥		(1,102)	1,545	6,679
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | ¥		19,228	45,307	48,263
CASH AND CASH EQUIVALENTS AT END OF YEAR | ¥		18,878	19,228	45,307
Supplementary disclosures of cash flows information:
Cash receipt of government grants | ¥			52	660
Cash receipt of interest | ¥		¥ 48	¥ 194	¥ 425
USD [Member]
OPERATING ACTIVITIES
Loss for the year: From continuing operations | $	$ (949)
Loss for the year: From discontinued operations | $	(3,660)
Adjustments for:
Depreciation and amortization | $	269
Provision for impairment of property, plant and equipment | $
Gain on disposal of property, plant and equipment | $	(7)
Reversal of write-down of inventories to net realizable value, net | $
Accretion expenses | $	9
Decrease in deferred income | $
Investment income realized from the available-for-sale investments | $
Loss on disposal of discontinued operations | $	2,393
Changes in working capital:
Rehabilitation fund | $	(2)
Inventories | $	(115)
Prepayments | $	(54)
Other receivables | $	(1,595)
Trade payables | $	(221)
Other payables and accrued liabilities | $	1,649
Taxes payable | $	16
Net cash flows used in operating activities | $	(2,267)
INVESTING ACTIVITIES
Proceeds from disposal of subsidiaries | $	1,227
Proceeds from disposal of the available-for-sale investments | $
Net cash flows from acquisition of subsidiaries, net (Note 5) | $	(13)
Purchases of property, plant and equipment | $	(773)
Net proceeds from disposal of property, plant and equipment | $
Purchase of available-for-sale investments | $
Receipt of government grants | $
Net cash flows (used in)/from investing activities | $	441
FINANCING ACTIVITIES
Repayments to the Shareholder | $
Advances from the Shareholder | $
Repayments to related companies | $	(367)
Advances from related companies | $	2,308
Net cash flows from financing activities | $	1,941
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS | $	115
NET FOREIGN EXCHANGE DIFFERENCE | $	(169)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | $	2,955
CASH AND CASH EQUIVALENTS AT END OF YEAR | $	2,901
Supplementary disclosures of cash flows information:
Cash receipt of government grants | $
Cash receipt of interest | $	$ 7

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ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2017

Disclosure of organization and principal activities [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

China Natural Resources, Inc. (“CHNR” or the “Company”) is a British Virgin Islands (“BVI”) holding company incorporated in 1993. The address of the principal executive office is Room 2205, 22/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong. The Company does not conduct any substantive operations on its own and conducts its primary business operations through its subsidiaries (collectively the “Group”). A list of the Company's subsidiaries is included in Note 18.

CHNR's principal shareholder is Feishang Group Limited (“Feishang Group” or the “Shareholder”), a British Virgin Islands corporation. Mr. Li Feilie is the beneficial owner of Feishang Group. In the opinion of the directors of the Company, the ultimate parent of CHNR is Laitan Investment Limited, a British Virgin Islands corporation.

The consolidated financial statements of the Group for the year ended December 31, 2017 were authorized for issuance in accordance with a resolution of the directors on April 30, 2018.

As at December 31, 2016 and 2017, the Company and its subsidiaries had net current liabilities of CNY40.05 million and net current liabilities of CNY15.84 million (US$2.44 million), respectively, and total assets less current liabilities of positive CNY18.50 million and negative CNY15.51 million (negative US$2.38 million), respectively.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2017

Disclosure of basis of preparation [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRSs”) as issued by the International Accounting Standards Board (“IASB”).

The consolidated financial statements have been prepared on a historical cost basis. The consolidated financial statements are presented in Chinese Yuan (“CNY”) and all values are rounded to the nearest thousands, except when otherwise indicated.

Basis of consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries for the year ended December 31, 2017.

A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee (i.e., existing rights that give the Group the current ability to direct the relevant activities of the investee).

When the Company has, directly or indirectly, less than a majority of the voting or similar right of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including:

(a) the contractual arrangement with the other vote holders of the investee;

(b) rights arising from other contractual arrangements; and

(c) the Group’s voting rights and potential voting rights.

The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are consolidated from the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. All significant intercompany accounts and transactions have been eliminated in full.

Profit or loss and each component of other comprehensive income are attributed to owners of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.

The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control above. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.

If the Group loses control over a subsidiary, it derecognizes (i) the assets (including goodwill) and liabilities of the subsidiary, (ii) the carrying amount of any non-controlling interest and (iii) the cumulative translation differences recorded in equity; and recognizes (i) the fair value of the consideration received, (ii) the fair value of any investment retained and (iii) any resulting surplus or deficit in profit or loss. The Group’s share of components previously recognized in other comprehensive income is reclassified to profit or loss or retained earnings, as appropriate, on the same basis as would be required if the Group had directly disposed of the related assets or liabilities.

Going concern

As of December 31, 2017 and 2016, the Group had net current liabilities of CNY15.84 million (US$2.44 million) and CNY40.05 million, and shareholder’s deficiency in assets of CNY15.51 million (US$2.38 million) and equity of CNY13.20 million, respectively. In view of these circumstances, the directors have given consideration to the future liquidity and performance of the Group and its available sources of finance in assessing whether the Group will have sufficient financial resources to continue as a going concern. In order to improve the Group’s liquidity and cash flows to sustain the Group as a going concern, the directors of the Company have undertaken certain measures to improve the cash flows of the Group, which include but are not limited to the following: the Group has obtained confirmations for continuous financial support from Feishang Group and Feishang Enterprise Group Co., Ltd. (“Feishang Enterprise”), entities controlled by Mr. Li Feilie, who is the beneficial shareholder of the Company, which has stated that Feishang Group and Feishang Enterprise would provide continuous financial support to the Group in relation to the going concern of its operation, including payments on debts and will not recall any amounts due to them. Accordingly, in the opinion of the directors, it is appropriate for the consolidated financial statements to be prepared on a going concern basis.

2.2      CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES

The Group has adopted the following revised IFRSs for the first time for the current year's financial statements, which are applicable to the Group.

Amendments to IAS 7	Disclosure Initiative
Amendments to IAS 12	Recognition of Deferred Tax Assets for Unrealized Losses

The nature and the impact of the amendments are described below:

(a) Amendments to IAS 7 require an entity to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes. Disclosure of the changes in liabilities arising from financing activities is provided in Note 23(b) to the financial statements.

(b) Amendments to IAS 12 clarify that an entity, when assessing whether taxable profits will be available against which it can utilize a deductible temporary difference, needs to consider whether tax law restricts the sources of taxable profits against which it may make deductions on the reversal of that deductible temporary difference. Furthermore, the amendments provide guidance on how an entity should determine future taxable profits and explain the circumstances in which taxable profit may include the recovery of some assets for more than their carrying amount. The amendments have had no impact on the financial position or performance of the Group as the Group has no deductible temporary differences or assets that are in the scope of the amendments.

2.3 ISSUED BUT NOT YET EFFECTIVE INTERNATIONAL FINANCIAL REPORTING STANDARDS

The Group has not applied the following new and revised IFRSs, that have been issued but are not yet effective, in these financial statements:

Amendments to IFRS 2	Classification and Measurement of Share-based Payment Transactions (1)
Amendments to IFRS 4	Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (1)
IFRS 9	Financial Instruments (1)
Amendments to IFRS 9	Prepayment Features with Negative Compensation (2)
Amendments to IFRS 10 and IAS 28	Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (3)
IFRS 15	Revenue from Contracts with Customers (1)
Amendments to IFRS 15	Clarifications to IFRS 15 Revenue from Contracts with Customers (1)
IFRS 16	Leases (2)
Amendments to IAS 40	Transfers of Investment Property (1)
IFRIC 22	Foreign Currency Transactions and Advance Consideration (1)
IFRIC 23	Uncertainty over Income Tax Treatments (2)
Annual improvements 2014-2016 Cycle	Amendments to IFRS 1 and IAS 28 (1)
Annual improvements 2015-2017 Cycle	Amendments to IFRS 3, IFRS 11, IAS 12 and IAS 23 (2)

1 Effective for annual periods beginning on or after January 1, 2018

2 Effective for annual periods beginning on or after January 1, 2019

3 No mandatory effective date yet determined but available for adoption

Further information about those IFRSs that are expected to be applicable to the Group is described below.

In July 2014, the IASB issued the final version of IFRS 9, bringing together all phases of the financial instruments project to replace IAS 39 and all previous versions of IFRS 9. The standard introduces new requirements for classification and measurement, impairment and hedge accounting. The Group will adopt IFRS 9 from January 1, 2018. The Group will not restate comparative information and will recognize any transition adjustments against the opening balance of equity at January 1, 2018. During 2017, the Group has performed a detailed assessment of the impact of the adoption of IFRS 9. The expected impacts relate to the classification and measurement and the impairment requirements and are summarized as follows:

(a) Classification and measurement

The Group does not expect that the adoption of IFRS 9 will have a significant impact on the classification and measurement of its financial assets.

(b) Impairment

IFRS 9 requires an impairment on debt instruments recorded at amortized cost or at fair value through other comprehensive income, lease receivables, loan commitments and financial guarantee contracts that are not accounted for at fair value through profit or loss under IFRS 9, to be recorded based on an expected credit loss model either on a twelve-month basis or a lifetime basis. The Group will apply the simplified approach and record lifetime expected losses that are estimated based on the present values of all cash shortfalls over the remaining life of all of its trade receivables. Furthermore, the Group will apply the general approach and record twelve-month expected credit losses that are estimated based on the possible default events on its other receivables within the next twelve months. The Group has determined that, due to the unsecured nature of its trade and other receivables, the provision for impairment will be constant upon the initial adoption of the standard.

IFRS 15, issued in May 2014, establishes a new five-step model to account for revenue arising from contracts with customers. Under IFRS 15, revenue is recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The principles in IFRS 15 provide a more structured approach for measuring and recognizing revenue. The standard also introduces extensive qualitative and quantitative disclosure requirements, including disaggregation of total revenue, information about performance obligations, changes in contract asset and liability account balances between periods and key judgements and estimates. The standard will supersede all current revenue recognition requirements under IFRSs. In April 2016, the IASB issued amendments to IFRS 15 to address the implementation issues on identifying performance obligations, application guidance on principal versus agent and licenses of intellectual property, and transition. The amendments are also intended to help ensure a more consistent application when entities adopt IFRS 15 and decrease the cost and complexity of applying the standard. The Group will adopt IFRS 15 from January 1, 2018 and plans to adopt the modified retrospective approach. During the year ended December 31, 2017, the Group performed a detailed assessment on the impact of the adoption of IFRS 15. Based on the assessment, the Group expects that there will be no material impacts on its consolidated financial statements upon the adoption of IFRS 15.

IFRS 16, issued in January 2016, replaces IAS 17 Leases, IFRIC 4 Determining whether an Arrangement contains a Lease, SIC-15 Operating Leases - Incentives and SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease. The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases and requires lessees to recognize assets and liabilities for most leases. The standard includes two elective recognition exemptions for lessees – leases of low-value assets and short-term leases. At the commencement date of a lease, a lessee will recognize a liability to make lease payments (i.e., the lease liability) and an asset representing the right to use the underlying asset during the lease term (i.e., the right-of-use asset). The right-of-use asset is subsequently measured at cost less accumulated depreciation and any impairment losses unless the right-of-use asset meets the definition of investment property in IAS 40, or relates to a class of property, plant and equipment to which the revaluation model is applied. The lease liability is subsequently increased to reflect the interest on the lease liability and reduced for the lease payments. Lessees will be required to separately recognize the interest expense on the lease liability and the depreciation expense on the right-of-use asset. Lessees will also be required to remeasure the lease liability upon the occurrence of certain events, such as change in the lease term and change in future lease payments resulting from a change in an index or rate used to determine those payments. Lessees will generally recognize the amount of the remeasurement of the lease liability as an adjustment to the right-of-use asset. Lessor accounting under IFRS 16 is substantially unchanged from the accounting under IAS 17. Lessors will continue to classify all leases using the same classification principle as in IAS 17 and distinguish between operating leases and finance leases. IFRS 16 requires lessees and lessors to make more extensive disclosures than under IAS 17. Lessees can choose to apply the standard using either a full retrospective or a modified retrospective approach. The Group expects to adopt IFRS 16 from January 1, 2019. The Group is currently assessing the impact of IFRS 16 upon adoption and is considering whether it will choose to take advantage of the practical expedients available and which transition approach and reliefs will be adopted. As disclosed in Note 21(a) to the financial statements, at December 31, 2017, the Group had future minimum lease payments under non-cancellable operating leases in aggregate of CNY0.48 million. Upon adoption of IFRS 16, certain amounts included therein may need to be recognized as new right-of-use assets and lease liabilities. Further analysis, however, will be needed to determine the amount of new rights of use assets and lease liabilities to be recognized, including, but not limited to, any amounts relating to leases of low-value assets and short-term leases, other practical expedients and reliefs chosen, and new leases entered into before the date of adoption.

2.4 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Business combinations

The acquisition of subsidiaries and businesses under common control, where applicable, has been accounted for using merger accounting. The financial statements of the combining entities or businesses under common control are prepared for the same reporting period as the Company, using consistent accounting policies.

The merger method of accounting involves incorporating the financial statement items of the combining entities or businesses in which the common control combinations occurs as if they had been combined from the date when the combining entities or businesses first came under the control of the controlling shareholder. The net assets of the combining entities or businesses are combined using the existing book values from the controlling shareholder’s perspective. No amount is recognized in respect of goodwill or the excess of the acquirers’ interest in the net fair value of acquirees’ identifiable assets, liabilities and contingent liabilities over the cost of investment at the time of common control combination.

The consolidated statement of profit or loss includes the results of each of the combining entities or businesses from the earliest date presented or since the date when the combining entities or businesses first came under common control or since their respective dates of incorporation/establishment, where this is a shorter period, regardless of the date of the common control combination. All intra-group balances, transactions, unrealized gains and losses resulting from intra-group transactions and dividends are eliminated on consolidation.

Business combinations, other than business combinations under common control, are accounted for using the acquisition method. The consideration transferred is measured at the acquisition date fair value which is the sum of the acquisition date fair values of assets transferred by the Group, liabilities assumed by the Group to the former owner of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree that are present ownership interests and entitle their holders to a proportionate share of net assets in the event of liquidation at fair value or at the proportionate share of the acquiree’s identifiable net assets. All other components of non-controlling interests are measured at fair value. Acquisition-related costs are expensed as incurred.

When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts of the acquiree.

If the business combination is achieved in stages, the acquisition date fair value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through the consolidated statement of profit or loss.

Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as an asset or liability is measured at fair value with changes in fair value recognized in profit or loss. If the contingent consideration is not within the scope of IAS 39, it is measured in accordance with the appropriate IFRSs. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity.

Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, the amount recognized for non-controlling interests and any fair value of the Group’s previously held equity interests in the acquiree over the identifiable net assets acquired and liabilities assumed. If the sum of this consideration and other items is lower than the fair value of the net assets of the subsidiary acquired, the difference is, after reassessment, recognized in the consolidated statement of profit or loss as a gain on bargain purchase.

After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The Group performs its annual impairment test of goodwill as at December 31. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.

Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units) to which the goodwill relates. Where the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the carrying amount, an impairment loss is recognized. An impairment loss recognized for goodwill is not reversed in a subsequent period.

Where goodwill has been allocated to a cash-generating unit (or group of cash-generating units) and part of the operation within that until is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on the disposal. Goodwill disposed of in these circumstances is measured based on the relative value of the operation disposed of and the portion of the cash-generating unit retained.

(b) Related parties

A party is considered to be related to the Group if:

(1) the party is a person or a close member of that person’s family and that person

(i) has control or joint control over the Group;

(ii) has significant influence over the Group; or

(iii) is a member of the key management personnel of the Group or of a parent of the Group;

or

(2) the party is an entity where any of the following conditions applies:

(i) the entity and the Group are members of the same group;

(ii) one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity);

(iii) the entity and the Group are joint ventures of the same third party;

(iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity;

(v) the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group;

(vi) the entity is controlled or jointly controlled by a person identified in (1);

(vii) a person identified in (1)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and

(viii) the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group.

(c) Property, plant and equipment and depreciation

Property, plant and equipment comprize buildings, mining structures, mining rights, machinery and equipment, motor vehicles, exploration rights and construction in progress.

Exploration rights are capitalized and amortized over the term of the license granted to the Group by the authorities.

When proved and probable coal reserves have been determined, costs incurred to develop coal mines are capitalized as part of the cost of the mining structures.

Buildings, mining structures, machinery and equipment, and motor vehicles are stated at cost less accumulated depreciation and any impairment losses. Expenditures for routine repairs and maintenance are expensed as incurred.

Mining rights are stated at cost less accumulated amortization and any impairment losses. The costs of mining rights are initially capitalized when purchased. If proved and probable reserves are established for a property and it has been determined that a mineral property can be economically developed, costs are capitalized and are amortized upon production based on actual units of production over the estimated proved and probable reserves of the mines. For mining rights in which proved and probable reserves have not yet been established, the Group assesses the carrying value for impairment at the end of each reporting period. The Group’s rights to extract minerals are contractually limited by time. However, the Group believes that it will be able to extend its licenses.

Mining related buildings, mining structures and mining related machinery and equipment are stated at cost less accumulated depreciation and any impairment losses. Those mining related assets for which proved and probable reserves have been established are depreciated upon production based on actual units of production over the estimated proved and probable reserves of the mines.

Reserve estimates are reviewed when information becomes available that indicates a reserve change is needed, or at a minimum once a year. Any material effect from changes in estimates is considered in the period the change occurs.

Depreciation for the following items is calculated on the straight-line basis over each asset’s estimated useful life down to the estimated residual value of each asset.

Estimated useful lives are as follows:

Non-mining related buildings	8 - 35 years
Non-mining related machinery and equipment	3 - 15 years
Motor vehicles	4 - 8 years

Residual values, useful lives and the depreciation method are reviewed and, adjusted if appropriate, at each reporting date.

When properties are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is recognized in the statement of profit or loss.

Construction in progress is carried at cost and is to be depreciated when placed into service over the estimated useful lives or units of production of those assets. Construction costs are capitalized as incurred. Interest is capitalized as incurred during the construction period.

(d) Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.

The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 – based on quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 – based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly

Level 3 – based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

(e) Exploration and evaluation costs

Exploration and evaluation assets include topographical and geological surveys, exploratory drilling, sampling and trenching and activities in relation to commercial and technical feasibility studies, and expenditure incurred to secure further mineralization in existing bodies and to expand the capacity of a mine. Expenditure incurred prior to acquiring legal rights to explore an area is expensed as incurred.

Once the exploration right to explore has been acquired, exploration and evaluation expenditure is charged to the consolidated statement of profit or loss as incurred, unless a future economic benefit is more likely than not to be realized. Exploration and evaluation assets acquired in a business combination are initially recognized at fair value. They are subsequently stated at cost less accumulated impairment.

When it can be reasonably ascertained that a mining property is capable of commercial production, exploration and evaluation costs are transferred to tangible or intangible assets according to the nature of the exploration and evaluation assets. If any project is abandoned during the evaluation stage, the total expenditure thereon will be written off.

(f) Impairment of non-financial assets

Where an indication of impairment exists, or when annual impairment testing for an asset is required (other than inventories, financial assets, etc.), the asset’s recoverable amount is estimated.

An impairment exists when the carrying value of an asset or cash-generating unit exceeds its recoverable amount, which is the higher of its fair value less costs of disposal and its value in use, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets, in which case the recoverable amount is determined for the cash-generating unit to which the asset belongs. The calculation of fair value less costs of disposal is based on available data from binding sales transactions in arm’s length transactions of similar assets or observable market prices less incremental costs for disposing of the asset or other appropriate valuation techniques. The value in use calculation is based on a discounted cash flow model, using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is charged to the consolidated statement of profit or loss in the period in which it arises in those categories consistent with the function of the impaired asset.

An assessment is made at the end of each reporting period as to whether there is an indication that previously recognized impairment losses may no longer exist or may have decreased. If such an indication exists, the recoverable amount is estimated. A previously recognized impairment loss of an asset other than goodwill is reversed only if there has been a change in the estimates used to determine the recoverable amount of that asset, but not to an amount higher than the carrying amount that would have been determined (net of any depreciation/amortization) had no impairment loss been recognized for the asset in prior years.

(g) Financial assets

As at December 31, 2017 and 2016, the Group’s financial assets within the scope of IAS 39 are all classified as loans and receivables. All financial assets are recognized initially at fair value plus transaction costs that are attributable to the acquisition of the financial assets.

All regular way purchases and sales of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace.

Subsequent measurement of loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for those with maturities greater than 12 months after the reporting date, which are classified as non-current assets. Loans and receivables are included in “prepayments, deposits and other receivables”, “cash and cash equivalents” and “rehabilitation fund” in the consolidated statement of financial position. These assets are subsequently carried at amortized cost using the effective interest method (“EIR”) less any provision for impairment. Gains and losses are recognized in interest income or finance costs in the consolidated statement of profit or loss when the loans and receivables are derecognized as well as through the amortization process.

Fair value of loans and receivables

As at December 31, 2016, the carrying amounts of the rehabilitation fund are not materially different from their fair values. The carrying values of other financial assets approximated to their fair values due to the short-term maturities of these instruments.

Impairment of loans and receivables

The Group assesses at the end of each reporting date whether there is objective evidence that the loans and receivables are impaired. The Group first assesses whether impairment exists individually for loans and receivables that are individually significant, or collectively for loans and receivables that are not individually significant. If the Group determines that no objective evidence of impairment exists for an individually assessed loans and receivables, whether significant or not, it includes the asset in a group of loans and receivables with similar credit risk characteristics and collectively assesses them for impairment. Loans and receivables that are individually assessed for impairment and for which an impairment loss is, or continues to be, recognized are not included in a collective assessment of impairment.

If, in a subsequent year, the amount of the estimated impairment loss increases or decreases because of an event occurring after the impairment was recognized, the previously recognized impairment loss is increased or reduced by adjusting the allowance account. Any subsequent reversal of an impairment loss is recognized in the consolidated statement of profit or loss, to the extent that the carrying value of the asset does not exceed amortized cost at the reversal date.

In relation to trade and other receivables, a provision for impairment is made when there is objective evidence (such as the probability of insolvency or significant financial difficulties of the debtor and significant changes in the technological, market, economic or legal environment that have an adverse effect on the debtor) that the Group will not be able to collect all of the amounts due under the original terms of an invoice.

Derecognition of loans and receivables

For financial assets classified as loans and receivables, the financial asset (or, where applicable a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when:

(i) the rights to receive cash flows from the asset have expired; or

(ii) the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) has transferred substantially all the risks and rewards of the asset, or (b) has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group's continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay.

(h) Financial liabilities at amortized cost

Financial liabilities including trade payables, amounts due to related companies and the Shareholder, and other payables and certain accrued liabilities are initially stated at fair value less directly attributable transaction costs and are subsequently measured at amortized cost, using the effective interest rate. The related interest expense is recognized within “finance costs” in the consolidated statement of profit or loss.

Gains and losses are recognized in the consolidated statement of profit or loss when the liabilities are derecognized as well as through the amortization process.

Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in the statement of profit or loss.

Fair value

As of December 31, 2016 and 2017, the carrying values of these financial liabilities approximate their fair values due to the short-term maturities of these instruments.

The Group had no financial liabilities measured at fair value on a recurring or a non-recurring basis as of December 31, 2016 and 2017.

Derecognition of financial liabilities

A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires.

When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in the consolidated statement of profit or loss.

Offsetting of financial instruments

Financial assets and liabilities are offset and the net amount reported in the consolidated statement of financial position, if and only if, there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.

(i) Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined by the weighted-average method. Net realizable value is based on estimated selling prices less any estimated costs to be incurred to completion and disposal. Major types of inventories include:

· Materials and supplies which consist of extracted raw ore, auxiliary materials, spare parts and other consumables; and

· Finished goods.

(j) Cash and cash equivalents

For the purpose of the consolidated statement of cash flows, cash and cash equivalents comprise cash on hand and demand deposits, and short-term highly liquid investments that are readily convertible into known amounts of cash, are subject to an insignificant risk of changes in value, and have a short-term maturity of generally within three months when acquired, less bank overdrafts which are repayable on demand and form an integral part of the Group’s cash management.

For the purpose of the consolidated statement of financial position, cash and cash equivalents comprise cash on hand and at banks, including term deposits, and assets similar in nature to cash, which are not restricted as to use.

(k) Employee benefits

Pension obligations

The Group contributes on a monthly basis to various defined contribution retirement benefit plans administered by the PRC government. The relevant government agencies undertake to assume the retirement benefit obligation payable to all existing and future retired employees under these plans and the Group has no further obligation for post-retirement benefits beyond the contributions made. Further information is set out in Note 14.

Housing funds

All full-time employees of the Group are entitled to participate in various government-sponsored housing funds. The Group contributes on a monthly basis to these funds based on certain percentages of the salaries of the employees. The Group's liability in respect of these funds is limited to the contributions payable in each year.

(l) Asset retirement obligations

The Group’s legal or constructive obligations associated with the retirement of non-financial assets are recognized at fair value at the time the obligations are incurred and if it is probable that an outflow of resources will be required to settle the obligation, and a reasonable estimate of fair value can be made. Upon initial recognition of a liability, a corresponding amount is capitalized as part of the carrying amount of the related property, plant and equipment. Asset retirement obligations are regularly reviewed by management and are revised for changes in future estimated costs and regulatory requirements. Changes in the estimated timing of retirement or future estimated costs are dealt prospectively by recording an adjustment against the carrying value of the provision and a corresponding adjustment to property and equipment. Depreciation of the capitalized asset retirement cost is generally determined on a units-of-production basis. Accretion of the asset retirement obligation is recognized over time and generally will escalate over the life of the producing asset, typically as production declines. Accretion is included in the finance costs in the consolidated statement of profit or loss. Any difference between the recorded obligation and the actual costs of reclamation is recorded in the consolidated statement of profit or loss in the period the obligation is settled.

(m) Borrowing costs

Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs directly relating to the acquisition, construction or production of a qualifying asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective assets. The capitalization of such borrowing costs ceases when the assets are substantially ready for their intended use or sale. All other borrowing costs are expensed in the period in which they are incurred.

(n) Revenue recognition

The Group sells its products pursuant to sales contracts entered into with its customers. Revenue for all products is recognized when the significant risks and rewards of ownership have passed to the customer, provided that the Group does not maintain neither managerial involvement to the degree usually associated with ownership nor effective control over the goods sold, and when collectability is reasonably assured. The passing of the significant risks and rewards of ownership to the customer is based on the terms of the sales contract, generally upon delivery and acceptance of the product by the customer.

In accordance with the relevant tax laws in the PRC, value-added tax (“VAT”) is levied on the invoiced value of sales and is payable by the purchaser. The Group is required to remit the VAT it collects to the tax authority, but may deduct the VAT it has paid on eligible purchases. The difference between the amounts collected and paid is presented as VAT recoverable or payable in the consolidated statement of financial position. The Group recognizes revenues net of VAT.

(o) Government grants

Government grants are recognized at their fair value where there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the period that the costs, which it is intended to compensate, are expensed.

Where the grant relates to an asset, the fair value is credited to a deferred income account and is released to the consolidated statement of profit or loss over the expected useful life of the relevant asset by equal annual instalments or deducted from the carrying amount of the asset and released to the consolidated statement of profit or loss by way of a reduced depreciation charge.

(p) Income taxes

Income tax comprises current and deferred tax. Income tax relating to items recognized outside profit or loss is recognized outside profit or loss, either as other comprehensive income or loss, or directly in equity.

Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantially enacted, by the end of the reporting date, taking into consideration interpretations and practices prevailing in the countries where the Group operates and generates taxable income.

Deferred tax is provided, using the liability method, on all temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred tax liabilities are recognized for all taxable temporary differences, except:

· when the deferred tax liability arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and

· in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future.

Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized, except:

· where the deferred tax assets relating to the deductible temporary differences arise from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and

· in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are only recognized to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it is probable that it has become probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Deferred tax assets and deferred tax liabilities are offset if and only if the Group has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

(q) Foreign currencies

The functional currency of substantially all the operations of the Group is the CNY, the national currency of the PRC. Transactions denominated in currencies other than the CNY recorded by the entities of the Group are initially recorded using their respective functional currency rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in other currencies have been translated into CNY at the functional currency rates of exchange prevailing at the end of the reporting period. The resulting exchange gains or losses are credited or charged to the consolidated statement of profit or loss. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the date of the initial transactions.

The consolidated financial statements of certain overseas subsidiary operations with a functional currency other than the CNY have been translated into CNY. The assets and liabilities of these entities have been translated using the exchange rates prevailing at the reporting date and their consolidated statements of profit or loss have been translated using the weighted average exchange rate for the year. Resulting translation adjustments are reported as a separate component of other comprehensive income.

On disposal of a foreign operation, the deferred cumulative amount recognized in equity relating to that particular foreign operation is recognized in the consolidated statement of profit or loss.

(r) Convenience translation

The consolidated financial statements are stated in CNY. The translation of amounts from CNY into US$ is included solely for the convenience of the readers and has been made at the rate of exchange quoted by UKForex on December 31, 2017 of US$1.00 = CNY6.5067. No representation is made that the CNY amounts could have been, or could be, converted into US$ at that rate on December 31, 2017 or at any other date.

(s) Provisions

A provision is recognized when a present obligation (legal or constructive) has arisen as a result of a past event and it is probable that a future outflow of resources will be required to settle the obligation, provided that a reliable estimate can be made of the amount of the obligation.

When the effect of discounting is material, the amount recognized for a provision is the present value at the end of the reporting period of the future expenditures expected to be required to settle the obligation. The increase in the discounted present value amount arising from the passage of time is included in finance costs in the consolidated statement of profit or loss.

(t) Leases

Leases that transfer substantially all the rewards and risks of ownership of assets to the Group, other than legal title, are accounted for as finance leases. At the inception of a finance lease, the cost of the leased asset is capitalized at the lower of its fair value of the present value of the minimum lease payments and recorded together with the obligation, excluding the interest element, to reflect the purchase and financing. Assets held under capitalized finance leases are included in property, plant and equipment, and depreciated over the shorter of the lease terms and the estimated useful lives of the assets. The finance costs of such leases are charged to the consolidated statement of profit or loss so as to provide a constant periodic rate of charge over the lease terms.

Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Where the Group is the lessee, rentals payable under operating leases net of any incentives received from the lessor are charged to the consolidated statement of profit or loss on the straight-line basis over the lease terms.

Prepaid land lease payments under operating leases are initially stated at cost and subsequently recognized on the straight-line basis over the lease terms.

(u) Dividend

Final dividends are recognized as a liability when they are approved by the shareholders in a general meeting.

Interim dividends are simultaneously proposed and declared, because the Company's memorandum and articles of association grant the directors the authority to declare interim dividends. Consequently, interim dividends are recognized immediately as a liability when they are proposed and declared.

2.5 SIGNIFICANT ACCOUNTING ESTIMATES AND ASSUMPTIONS

The preparation of the consolidated financial statements in conformity with IFRSs requires management to make judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods.

Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are discussed below. The Group has based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond the control of the Group. Such changes are reflected in the assumptions when they occur. 

(i)       Impairment of property, plant and equipment

Long-lived assets to be held and used, such as property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. An impairment loss is recognized for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and value in use. In estimating the recoverable amounts of assets, various assumptions, including future cash flows to be associated with the non-current assets and discount rates, are made. If future events do not correspond to such assumptions, the recoverable amounts will need to be revised, and this may have an impact on the Group's results of operations or financial position.

There were no impairments recognized for the years ended December 31, 2016 and 2017.

(ii) Income taxes

There are certain transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Group recognizes liabilities based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, the differences will be reflected in the income tax and deferred tax provisions in the period in which the determination is made.

(iii) Provision for asset retirement obligations

The provision for asset retirement obligations is determined by management based on the past experience and best estimation of future expenditures, taking into account existing relevant regulations. However, insofar as the effect on the land and the environment from current mining activities becomes apparent in future years, the estimate of the associated costs may be subject to revision from time to time.

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DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2017

Disclosure of discontinued operations [Abstract]

DISCONTINUED OPERATIONS

3.        DISCONTINUED OPERATIONS

On February 24, 2017, Feishang Mining Holdings Limited (“Feishang Mining”), a wholly-owned subsidiary of CHNR, and Wuhu City Feishang Industrial Development Co., Ltd. (“Wuhu Industrial”), as nominee for Feishang Mining (collectively referred to as the “Sellers”), entered into an agreement with Shen Yandi, an unrelated individual (the “Purchaser”), pursuant to which the Sellers sold and the Purchaser purchased, all of the Sellers’ right, title and interest in and to the outstanding capital stock of Wuhu Feishang Mining Development Co. Limited (“Wuhu Feishang”), which had been previously included in the Group’s non-ferrous metals segment, at a cash consideration of CNY1.00 million (US$0.15 million). The disposal was completed on March 3, 2017.

On December 29, 2017, CHNR sold all of CHNR’s rights, title and interest in and to the outstanding capital stock (the “Equity Interests”) of Double Grow and its subsidiaries (including Antay Pacha) to Shanghai Kangzheng Investment Management Co., Ltd. (the “Purchaser”), an unrelated third party. The purchase price for the Equity Interests was CNY17.19 million (US$2.64 million) (the “Purchase Price”), including the payment of CNY9.38 million (US$1.44 million) in indebtedness of Double Grow to CHNR, which was recognized in other receivables (Note 9(a)) and cash consideration of CNY7.81 million (US$1.20 million). The disposal was completed on December 29, 2017.

Wuhu Feishang and Double Grow were the primary contributor to the Group’s exploration and mining-non-ferrous metals segment and copper smelting segment, respectively, which represented separate major lines of business with separately identifiable operations and cash flows. Accordingly, the results of Wuhu Feishang and Double Grow are classified and separately reported as "discontinued operations" in the consolidated statement of profit or loss for the year ended December 31, 2017. The comparative amounts reported in the consolidated statement of profit or loss and related notes have been revised accordingly to reflect the reclassification between continuing operations and the discontinued operations. In addition, the gain or loss recognized on the disposal of Wuhu Feishang and Double Grow were included in the results of the discontinued operations. With Wuhu Feishang and Double Grow being classified as discontinued operations, the exploration and mining-non-ferrous metals segment and copper smelting segment businesses are no longer included in the note for operating segment information.

(a) Discontinued operation of Wuhu Feishang

The results of Wuhu Feishang are presented below:

	2015		2016		For the period from January 1, 2017 to March 3, 2017
	CNY		CNY		CNY
Revenue	18,342		—			—
Cost of sales	(31,936	)	—			—
Gross Profit	(13,594	)	—			—
Selling expenses	(31	)	(23	)		—
Administrative expenses	(14,487	)	(6,588	)		(991	)
Losses arising from temporary suspension of production	(830	)	(4,073	)		(641	)
Reversal of write-down of inventories to net realizable value	5,474		1,744			—
Impairment loss on property, plant and equipment	(7,542	)	—			—
Other operating income	412		393			61
OPERATING LOSS	(30,598	)	(8,547	)		(1,571	)
Finance costs	(422	)	(258	)		(30	)
Interest income	892		119			9
Non-operating income/(expenses), net	(106	)	(2,267	)		230
LOSS BEFORE INCOME TAX	(30,234	)	(10,953	)		(1,362	)
LOSS FOR THE PERIOD FROM WUHU FEISHANG	(30,234	)	(10,953	)		(1,362	)
Gain on disposal of Wuhu Feishang	—		—			12,340
(LOSS)/PROFIT FOR THE PERIOD FROM WUHU FEISHANG	(30,234	)	(10,953	)		10,978

The details of the net assets of Wuhu Feishang as at March 3, 2017 are as follows:

	March 3, 2017
	CNY
Net assets disposed of:
Property, plant and equipment		7,613
Rehabilitation fund		3,983
Inventories		5,644
Prepayments		73
Other receivables		47
Cash and cash equivalents		18
Trade payables		(30	)
Other payables and accrued liabilities		(13,303	)
Taxes payable		(5,316	)
Due to related companies		(5,117	)
Asset retirement obligations		(4,952	)
Net assets disposed of:		(11,340	)
Gain on disposal of Wuhu Feishang		12,340
Consideration		1,000
Satisfied by:
Cash received		1,000

The net cash flows incurred by Wuhu Feishang, excluding the cash consideration received from disposal of Wuhu Feishang are as follows:

	2015		2016		For the period from January 1, 2017 to March 3, 2017
	CNY		CNY		CNY
Operating activities	(42,785	)	(16,632	)		(2,727	)
Investing activities	(5,927	)	(81	)		60
Financing activities	35,711		1,920			1,793
Net cash outflows	(13,001	)	(14,793	)		(874	)

An analysis of the cash flows of cash and cash equivalents in respect of the disposal of Wuhu Feishang is as follows:

	March 3, 2017
	CNY
Cash consideration received	1,000
Less: Cash and cash equivalents disposed of	(18	)
Net cash inflows from the disposal of Wuhu Feishang	982

(b) Discontinued operation of Double Grow

The results of Double Grow are presented below:

	2015		2016		For the period from January 1, 2017 to December 29, 2017
	CNY		CNY		CNY
Administrative expenses	(2,099	)	(3,907	)		(5,966	)
Other operating expenses, net	(3,836	)	(3,575	)		—
OPERATING LOSS	(5,935	)	(7,482	)		(5,966	)
Finance costs	(20	)	(72	)		(78	)
Non-operating income/(expenses), net	13		(84	)		(840	)
LOSS BEFORE INCOME TAX	(5,942	)	(7,638	)		(6,884	)
LOSS FOR THE PERIOD FROM DOUBLE GROW	(5,942	)	(7,638	)		(6,884	)
Loss on disposal of Double Grow	—		—			(27,911	)
LOSS FOR THE PERIOD FROM DOUBLE GROW	(5,942	)	(7,638	)		(34,795	)

The details of the net assets of Double Grow as at December 29, 2017 are as follows:

	December 29, 2017
	CNY
Net assets disposed of:
Property, plant and equipment		45,442
Intangible assets		5
Inventories		5,659
Trade and bills receivables		340
Prepayments		572
Other receivables		5,962
Cash and cash equivalents		807
Trade payables		(786	)
Other payables and accrued liabilities		(2,561	)
Taxes payable		(621	)
Due to related companies		(21,994	)
Asset retirement obligations		(386	)
Net assets disposed of:		32,439
Exchange fluctuation reserve		3,280
		35,719
Loss on disposal of Double Grow		(27,911	)
Consideration		7,808
Satisfied by:
Cash received		7,808

The net cash flows incurred by Double Grow, excluding the cash consideration received from disposal of Double Grow are as follows:

	2015		2016		For the period from January 1, 2017 to December 29, 2017
	CNY		CNY		CNY
Operating activities	(4,913	)	(11,879	)		(5,796	)
Investing activities	(12,061	)	(4,453	)		(5,823	)
Financing activities	25,922		5,915			10,173
Net foreign exchange difference	(1,564	)	303			(100	)
Net cash inflows/(outflows)	7,384		(10,114	)		(1,546	)

An analysis of the cash flows of cash and cash equivalents in respect of the disposal of Double Grow is as follows:

	December 29, 2017
	CNY
Cash consideration received	7,808
Less: Cash and cash equivalents disposed of	(807	)
Net cash inflows from the disposal of Double Grow	7,001

The results of the above discontinued operations are presented below:

	2015		2016		2017
	CNY		CNY		CNY
Loss per share from the discontinued operations (Presented in CNY per share)
Basic	(1.45	)	(0.74	)		(0.95	)
Diluted	(1.45	)	(0.74	)		(0.95	)
The calculations of basic and diluted loss per share from the discontinued operations are based on:
	2015		2016			2017
	CNY		CNY			CNY
Loss attributable to owners of the Company from the discontinued operations	(36,176	)	(18,591	)		(23,817	)
Weighted average number of ordinary shares in issue during the period used in the loss per share calculations:
Basic (Note 16)	24,910,916		24,910,916			24,910,916
Diluted (Note 16)	24,910,916		24,910,916			24,910,916

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RESTATEMENT

12 Months Ended

Dec. 31, 2017

Disclosure of restatement [Abstract]

RESTATEMENT

4. RESTATEMENT

The disposal of Wuhu Feishang and Double Grow were completed on March 3, 2017 and December 29, 2017, respectively, and these were both classified as discontinued operations. Accordingly, the results of the Wuhu Feishang and Double Grow were reported as "discontinued operations" in the consolidated statement of profit or loss and comprehensive income for the year ended December 31, 2017. The comparative amounts reported in the consolidated statements of profit or loss and comprehensive income and related notes have been revised accordingly to reflect the reclassification between continuing operations and the discontinued operations.

As a result of the disposal of Wuhu Feishang and Double Grow, the relevant line items in the consolidated statements of profit or loss and comprehensive income for the years ended December 31, 2015 and 2016 have been restated as follows:  

	The Group (as previously reported)		Adjustment in relation to disposal of Double Grow		Adjustment in relation to disposal of Wuhu Feishang		The Group (as restated)
	CNY		CNY		CNY		CNY
Consolidated statement of profit or loss for the year ended December 31, 2015:
Revenue	18,342		—		(18,342	)	—
Cost of sales	(31,936	)	—		31,936		—
Gross profit	(13,594	)	—		13,594		—
Selling expenses	(31	)	—		31		—
Administrative expenses	(20,163	)	2,099		14,487		(3,577	)
Losses arising from temporary suspension of production	(830	)	—		830		—
Reversal of write down of inventories to net realizable value, net	5,474		—		(5,474	)	—
Impairment loss on property, plant and equipment	(7,542	)	—		7,542		—
Other operating income/ (expenses)	(3,424	)	3,836		(412	)	—
Operating loss	(40,110	)	5,935		30,598		(3,577	)
Finance costs	(444	)	20		422		(2	)
Foreign exchange difference, net	(354	)	—		—		(354	)
Interest income	1,056		—		(892	)	164
Non-operating expenses, net	(93	)	(13	)	106		—
Loss before income tax	(39,945	)	5,942		30,234		(3,769	)
Income tax expense	(1,504	)	—		—		(1,504	)
Loss for the year from continuing operations	(41,449	)	5,942		30,234		(5,273	)
Loss for the year from discontinued operations	—		(5,942	)	(30,234	)	(36,176	)
Consolidated statement of comprehensive income for the year ended December 31, 2015:
Foreign currency translation adjustments	410		—		—		410
Total comprehensive income for the year	(41,039	)	—		—		(41,039	)
Loss per share attributable to ordinary equity holders of the Company:
Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)	(1.66	)	0.24		1.21		(0.21	)
-For loss from discontinued operations (Presented in CNY per share)	—		(0.24	)	(1.21	)	(1.45	)
	(1.66	)	—		—		(1.66	)

	The Group (as previously reported)		Adjustment in relation to disposal of Double Grow		Adjustment in relation to disposal of Wuhu Feishang		The Group (as restated)
	CNY		CNY		CNY		CNY
Consolidated statement of profit or loss for the year ended December 31, 2016:
Selling expenses	(23	)	—		23		—
Administrative expenses	(15,014	)	3,907		6,588		(4,519	)
Losses arising from temporary suspension of production	(4,073	)	—		4,073		—
Reversal of write down of inventories to net realizable value, net	1,744		—		(1,744	)	—
Other operating income/ (expenses)	(3,182	)	3,575		(393	)	—
Operating loss	(20,548	)	7,482		8,547		(4,519	)
Finance costs	(331	)	72		258		(1	)
Interest income	194		—		(119	)	75
Non-operating expenses, net	(2,351	)	84		2,267		—
Loss for the year from continuing operations	(23,036	)	7,638		10,953		(4,445	)
Loss for the year from discontinued operations	—		(7,638	)	(10,953	)	(18,591	)
Consolidated statement of comprehensive income for the year ended December 31, 2016:
Foreign currency translation adjustments	(834	)	—		—		(834	)
Total comprehensive income for the year	(23,870	)	—		—		(23,870	)
Loss per share attributable to ordinary equity holders of the Company:
Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)	(0.92	)	0.31		0.43		(0.18	)
-For loss from discontinued operations (Presented in CNY per share)	—		(0.31	)	(0.43	)	(0.74	)
	(0.92	)	—		—		(0.92	)

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BUSINESS ACQUISITIONS

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about business combination [abstract]

BUSINESS ACQUISITIONS

5. BUSINESS ACQUISITIONS

Business combination

On December 23, 2016, the Company entered into an agreement with Feishang Hesheng Investment Limited (“Feishang Hesheng”), indirectly controlled by Mr. Li Feilie, and consummated the acquisition of all of the issued and outstanding capital stock (the “Acquired Shares”) of Double Grow, its direct and indirect wholly-owned subsidiaries, Easy Gain Investments Limited (“Easy Gain”) and Full Profit Investments Limited (“Full Profit”), each of which is organized under the laws of the British Virgin Islands, and their operating subsidiary, Antay Pacha, a Bolivian corporation (collectively, the “Double Grow Group”). The purchase price for the Acquired Shares is US$0.10 million, and the Company’s assumption of US$1.44 million of indebtedness owed by Double Grow to Feishang Hesheng. Antay Pacha is a company established in Bolivia and, upon commencement of commercial production, intends to be principally engaged in copper smelting and the sale of copper cathodes in Bolivia and elsewhere. As a result of the acquisition, the Company is expanding into copper smelting and the sale of copper cathodes in Bolivia.

Double Grow, Easy Gain and Full Profit were established by Feishang Hesheng in December 2014. The Company’s acquisition in Double Grow was accounted for as a combination of entities under common control since the Company and Double Grow were under the common control of Mr. Li Feilie. As such, the assets and liabilities of Double Grow Group have been accounted for at historical cost and the consolidated financial statements of the Group prior to acquisition have been restated to include the results of operations of the Double Grow Group on a combined basis when the entities first came under the common control of Mr. Li Feilie. The consideration paid by the Company for the acquisition has been accounted for as an equity transaction in the consolidated statement of changes in equity.

On March 1, 2015, Double Grow, Easy Gain and Full Profit completed the acquisition of the issued share capital of Antay Pacha from Bolivia Mine Investment Limited, Abundant Talent Investments Limited and Century Team International Limited, unrelated third parties, respectively. Following the acquisition, Antay Pacha was 20% owned by Easy Gain, 60% owned by Full Profit and 20% owned by Double Grow. The total consideration for the acquisition was US$1,437 (approximately equivalent to the paid-up capital of BOB10,000 of Antay Pacha at an exchange rate of 6.96 between US dollars and Boliviano). At March 1, 2015, the underlying set of assets acquired was not capable of being conducted and managed as a business to generate revenue. As such, the Company determined that the acquisition of Antay Pacha by Double Grow, Easy Gain and Full Profit did not constitute a business combination for accounting purposes.

On December 23, 2016, Feishang Hesheng waived a payment of CNY55.56 million indebtedness owed to it by Double Grow. The waiver of indebtedness due to a related party was accounted for as a contribution from a related party in the consolidated statement of changes in equity.

Assets acquisition

On November 30, 2017, Yangpu Shuanghu Industrial Development Co., Limited (“Yangpu Shuanghu,” an indirect subsidiary of the Company) consummated its acquisition of approximately 98.32% and 1.68% of the issued and outstanding capital shares of Bayannaoer City Feishang Mining Company Limited (“Bayannaoer Mining”) from Feishang Enterprise and Shenzhen Chaopeng Investment Co., Ltd. (“Shenzhen Chaopeng”), respectively, each of which is a related party. The total cash consideration is CNY716,900 (US$110,179).

Bayannaoer Mining was established in 2005 engaging in mineral exploration activities in Bayannaoer City, in the Inner Mongolia Autonomous Region of the PRC. In 2005, Bayannaoer Mining obtained 11 exploration rights from the Land and Resources Department of Inner Mongolia Autonomous Region. Currently, management determined to focus on sole exploration of Moruogu Lead Mine. At November 30, 2017, the underlying set of assets acquired was not capable of being conducted and managed as a business to generate revenue. As such, the Company determined that the acquisition of Bayannaoer Mining did not constitute a business combination for accounting purposes.

The details of the net assets of Bayannaoer Mining as at November 30, 2017 are as follows:

	November 30, 2017
	CNY
Cash and cash equivalents		631
Other current assets		361
Property, plant and equipment		336
Current liabilities		(611	)
Net assets		717

An analysis of the cash flows in respect of the acquisitions of Antay Pacha by Double Grow in the year 2015 and Bayannaoer Mining in the year 2017 is as follow:

	December 31,
		2015		2016		2017			2017
		CNY		CNY		CNY			US$
Cash consideration		(9	)		—		(717	)		(110	)
Cash and bank balances acquired		8,973			—		631			97
Net cash flows from acquisition of subsidiaries, net		8,964			—		(86	)		(13	)

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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about property, plant and equipment [abstract]

PROPERTY, PLANT AND EQUIPMENT

6. PROPERTY, PLANT AND EQUIPMENT

	Buildings			Mining structures and mining rights			Machinery and equipment			Motor vehicles			Construction in progress			Total
	CNY			CNY			CNY			CNY			CNY			CNY
Cost
At January 1, 2016		22,996			33,921			7,648			7,319			34,276			106,160
Additions		—			—			3			—			5,020			5,023
Transfer		5,515			—			—			—			(5,515	)		—
Disposals		—			—			—			(311	)		—			(311	)
Exchange adjustment		202			21			3			348			2,279			2,853
At December 31, 2016		28,713			33,942			7,654			7,356			36,060			113,725
Acquisition of Bayannaoer Mining		43			—			12			280			—			335
Additions		—			—			71			—			4,137			4,208
Disposals		(5,781	)		(4,688	)		(786	)		(2,017	)		—			(13,272	)
Exchange adjustment		(104	)		(21	)		(173	)		(35	)		(2,388	)		(2,721	)
Disposal of subsidiaries		(22,828	)		(29,233	)		(5,939	)		(5,305	)		(37,809	)		(101,114	)
At December 31, 2017		43			—			839			279			—			1,161
At December 31, 2017 (US$)		6			—			129			44			—			179

Accumulated depreciation and amortization and impairment losses

At January 1, 2016	(13,206	)	(33,608	)	(7,485	)	(2,471	)	—	(56,770	)
Depreciation charge	(1,415	)	—		(55	)	(1,185	)	—	(2,655	)
Disposals	—		—		—		301		—	301
Exchange adjustment	16		—		(1	)	(93	)	—	(78	)
At December 31, 2016	(14,605	)	(33,608	)	(7,541	)	(3,448	)	—	(59,202	)
Depreciation charge	(530	)	—		(25	)	(1,193	)	—	(1,748	)
Disposals	5,121		4,688		715		1,742		—	12,266
Exchange adjustment	(84	)	—		(69	)	(46	)	—	(199	)
Disposal of subsidiaries	10,098		28,920		6,100		2,941		—	48,059
At December 31, 2017	—		—		(820	)	(4	)	—	(824	)
At December 31, 2017 (US$)	—		—		(126	)	(1	)	—	(127	)
Net carrying amount
At December 31, 2016	14,108		334		113		3,908		36,060	54,523
At December 31, 2017	43		—		19		275		—	337
At December 31, 2017 (US$)	6		—		3		43		—	52

An impairment loss on property, plant and equipment of CNY7.54 million of Yangchong Mine was recorded for the year ended December 31, 2015 in connection with the decline of average selling prices of iron concentrates. Yangchong Mine was designated as a single cash-generating unit ("CGU"), which was based predominantly on the value-in-use (“VIU”) approach. VIU calculations use pre-tax cash flow projections. Other key assumptions applied in the impairment tests include the production volume, expected iron price, product cost and related expenses. Management determined that these key assumptions were based on past performance and their expectations on market development. Further, at December 31, 2015, the Group adopted a pre-tax rate of 16.00% that reflects specific risks related to the CGU, as the discount rate. There was no further impairment loss on property, plant and equipment during the years ended December 31, 2016 and 2017.

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REHABILITATION FUND

12 Months Ended

Dec. 31, 2017

Disclosure of rehabilitation [Abstract]

REHABILITATION FUND

7. REHABILITATION FUND

The rehabilitation fund represents restricted cash set aside by Wuhu Feishang, the subsidiary of the Group, in banks and cash placed with authorities for the purposes of future environment rehabilitation as well as the settlement of asset retirement obligations. Save as disclosed in Note 3(a), the Group disposed of Wuhu Feishang in 2017 and the financial statements of Wuhu Feishang were not consolidated into the Group thereafter.

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INVENTORIES

12 Months Ended

Dec. 31, 2017

Classes of current inventories [abstract]

INVENTORIES

8. INVENTORIES

Inventories, net of provision for inventories, are summarized as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Materials and supplies		8,437		—		—
Finished goods		2,120		—		—
		10,557		—		—

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OTHER RECEIVABLES

12 Months Ended

Dec. 31, 2017

Other Receivables

OTHER RECEIVABLES

9. OTHER RECEIVABLES

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Withholding social insurance		5		6		1
Advance to a third party		—		493		76
Input VAT		5,780		597		92
Petty cash		179		—		—
Deposit		40		21		3
Receivables in relation to the disposal of Double Grow (a)		—		9,377		1,441
Others		123		—		—
		6,127		10,494		1,613

(a) The amount represented receivables due from Shanghai Kangzheng Investment Management Co., Ltd. amounting to CNY9.38 million (US$1.44 million) in relation to the disposal of Double Grow on December 29, 2017 as disclosed in Note 3.

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TRADE PAYABLES

12 Months Ended

Dec. 31, 2017

Disclosure of trade payables [Abstract]

TRADE PAYABLES

10. TRADE PAYABLES

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Trade payables		2,736		215		33

Trade payables are non-interest-bearing and are normally settled within six months.

The aging analysis of trade payables as at December 31, 2016 and 2017 is as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Within 1 year		2,696		15		3
1 to 2 years		—		100		15
Over 2 years		40		100		15
		2,736		215		33

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OTHER PAYABLES AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2017

Disclosure of other payables and accrued liabilities [Abstract]

OTHER PAYABLES AND ACCRUED LIABILITIES

11. OTHER PAYABLES AND ACCRUED LIABILITIES

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Natural resources fee (a)		8,294		—		—
Staff compensation fund (b)		1,547		—		—
Social security payable (c)		1,506		68		10
Payroll payable		1,704		376		58
Welfare payable		529		1		—
Advances from customers		23		—		—
Accrued expenses		1,419		2,372		365
Others		2,339		109		17
		17,361		2,926		450

(a) The natural resources fee represents fees payable to the PRC government and is calculated as a percentage of sales.

(b) The staff compensation fund represents one-off cash received from the PRC government to compensate employees of Wuhu Feishang through the Group for the loss of their state-sponsored pension and post-employment benefits. The fund is to be distributed to employees upon the termination of their employment with Wuhu Feishang. Wuhu Feishang is not required to make any additional contributions to the fund.

(c) The social security represents amounts payable to the PRC and Bolivia government-managed retirement insurance, medical insurance, etc.

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ASSET RETIREMENT OBLIGATIONS

12 Months Ended

Dec. 31, 2017

Disclosure of asset retirement obligations [Abstract]

ASSET RETIREMENT OBLIGATIONS

12. ASSET RETIREMENT OBLIGATIONS

Asset retirement obligations primarily relate to the closure of mines of Wuhu Feishang, which includes dismantlement of mining related structures and the reclamation of land upon exhaustion of coal or metal reserves. Asset retirement obligations also include the dismantlement upon the closure of the copper smelting plant of Antay Pacha.

The following table describes the changes to the Group's asset retirement obligation liability:

	Amount			Amount
	CNY			US$
At January 1, 2016		4,967			763
Accretion expenses		311			48
Exchange adjustment		24			4
At December 31, 2016		5,302			815
Accretion expenses		60			9
Disposal of subsidiaries (Note 3)		(5,338	)		(820	)
Exchange adjustment		(24	)		(4	)
At December 31, 2017		—			—

The inflation rate, discount rate and market risk premium used for estimating provision for asset retirement obligations of Wuhu Feishang at December 31, 2016 were 2.53%, 9.91% and 6.09%, respectively. The inflation rate, discount rate and market risk premium used for estimating provision for asset retirement obligations of Antay Pacha at December 31, 2016 were 4.80%, 8.42% and 6.09%, respectively.

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LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS

12 Months Ended

Dec. 31, 2017

Disclosure of loss before income tax from continuing operations [Abstract]

LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS

13.       LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS

The Group's loss before tax from continuing operations is arrived at after charging/ (crediting):

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
	(Restated)		(Restated)
Crediting:
Interest income on bank deposits		164		75		39		6
Charging:
Auditors' remuneration:
- Audit fee		800		1,480		2,000		307
Employee benefit expenses (Note 14)		591		715		697		107
Foreign exchange difference, net		354		—		—		—
Depreciation and amortization:
- Property, plant and equipment		4		2		8		1
Operating lease rental:
- Office properties		805		948		747		115

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EMPLOYEE BENEFITS

12 Months Ended

Dec. 31, 2017

Disclosure of defined benefit plans [abstract]

EMPLOYEE BENEFITS

14. EMPLOYEE BENEFITS

The Group’s employee benefits from continuing operations comprise the following:

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
		(Restated)		(Restated)
Wages, salaries and allowances		459		565		566		87
Housing funds (a)		38		40		33		5
Contribution to pension plans (a)		92		104		79		12
Welfare and other expenses		2		6		19		3
		591		715		697		107

(a) According to the PRC state regulations, the employees of the Group's subsidiaries which operate in Mainland China are required to participate in a central pension scheme operated by the local municipal government and government-sponsored housing funds. These subsidiaries are required to contribute a certain percentage of their payroll costs for those qualified urban employees to the central pension scheme as well as the housing funds.

Employee benefits charged to the consolidated statements of profit or loss from continuing operations are analyzed as follows:

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
		(Restated)		(Restated)
Total employee benefits accrued for the year		591		715		697		107
Amount charged to the consolidated statement of profit or loss		591		715		697		107

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INCOME TAX EXPENSE

12 Months Ended

Dec. 31, 2017

Disclosure of income tax expense [Abstract]

INCOME TAX EXPENSE

15. INCOME TAX EXPENSE

The Company is incorporated in the BVI and conducts its primary business operations through its subsidiaries in the PRC. It also has intermediate holding companies in the BVI and Hong Kong. Under the current laws of the BVI, the Company and its subsidiaries incorporated in the BVI are not subject to tax on income or capital gains. The Hong Kong Profits Tax rate is 16.50%. The Company's Hong Kong subsidiaries have both Hong Kong-sourced and non-Hong Kong-sourced incomes. The latter is not subject to Hong Kong Profits Tax and the related expenses are non-tax-deductible. For the Hong Kong-sourced income, no provision for Hong Kong Profits Tax was made as such operations sustained tax losses during the years ended December 31, 2015, 2016 and 2017. Furthermore, there are no withholding taxes in Hong Kong on the remittance of dividends.

China

Under the Law of the PRC on corporate income tax and the Implementation Regulation of the Corporate Income Tax Law (collectively, the “CIT Law”) collectively, the tax rate applicable for PRC group entities is 25% (2016: 25%).

Under the prevailing CIT Law and its relevant regulations, any dividends paid by the Company’s PRC subsidiaries from their earnings derived after January 1, 2008 to the Company’s Hong Kong subsidiaries are subject to PRC dividend withholding tax of 5% or 10%, depending on the applicability of the Sino-Hong Kong tax treaty.

Bolivia

The Company’s subsidiary in Bolivia before December 29, 2017 is subject to a Bolivian enterprise income tax rate of 25% applicable to both foreign investment enterprises and domestic companies.

Loss before income tax consists of:

	Year Ended December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
	(Restated)			(Restated)
PRC		(1,101	)		(1,171	)		(1,071	)		(165	)
BVI		(2,625	)		(3,225	)		(5,064	)		(777	)
Hong Kong		(43	)		(49	)		(44	)		(7	)
Total loss before income tax for the year from continuing operations		(3,769	)		(4,445	)		(6,179	)		(949	)
Total loss before income tax for the year from discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
		(39,945	)		(23,036	)		(29,996	)		(4,609	)

The current and deferred components of income tax expense on the consolidated statements of profit or loss are as follows:

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
	(Restated)		(Restated)
Current income tax expense		1,504		—		—		—
Deferred income tax expense		—		—		—		—
Total income tax expense for the year from continuing operations		1,504		—		—		—
Total income tax expense for the year from discontinued operations		—		—		—		—
		1,504		—		—		—

A reconciliation of the income taxes computed at the PRC and Bolivian statutory tax rate of 25% to the actual income tax expense/ (benefit) is as follows:

	Year Ended December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
	(Restated)			(Restated)
Loss before income tax for the year from continuing operations		(3,769	)		(4,445	)		(6,179	)		(949	)
Loss before income tax for the year from discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
		(39,945	)		(23,036	)		(29,996	)		(4,609	)
Tax at the statutory tax rate		25%			25%			25%			25%
Computed income tax benefit		(9,986	)		(5,759	)		(7,499	)		(1,152	)
Effect of different tax rates for the Company and overseas subsidiaries		680			820			1,269			195
Effect of the deemed interest income		1,112			—			—			—
Tax losses not recognized		4,927			4,259			6,230			957
Deferred tax assets not recognized		3,407			—			—			—
Non-deductible expenses		972			680			—			—
Others		392			—			—			—
Income tax expense		1,504			—			—			—
Income tax expense from continuing operations at the effective rate		1,504			—			—			—
Income tax expense from discontinued operations at the effective rate		—			—			—			—

As of December 31, 2016 and 2017, the Group had no recognized deferred tax assets, or deferred tax liabilities.

The total amounts of unused tax losses for which no deferred tax assets were recognized amounting to CNY10.89 million and CNY9.24 million (US$1.42 million) as of December 31, 2016 and 2017, respectively. As of December 31, 2017, unused tax losses of CNY4.82 million (US$0.74 million), CNY1.08 million (US$0.17 million), CNY1.10 million (US$0.17 million), CNY1.17 million (US$0.18 million) and CNY1.07 million (US$0.16 million), if unused, will expire by the end of 2018, 2019, 2020, 2021 and 2022 respectively.

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LOSS PER SHARE

12 Months Ended

Dec. 31, 2017

Earnings per share [abstract]

LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY

16. LOSS PER SHARE

Basic and diluted loss per share for the years ended December 31, 2015, 2016 and 2017 are calculated as follows:

	Year Ended December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
	(Restated)			(Restated)
Loss for the year:
From continuing operations		(5,273	)		(4,445	)		(6,179	)		(949	)
From discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
Weighted average number of common shares:
Basic and diluted		24,910,916			24,910,916			24,910,916			24,910,916
Loss per share
Basic and diluted:
From continuing operations		(0.21	)		(0.18	)		(0.25	)		(0.04	)
From discontinued operations		(1.45	)		(0.74	)		(0.95	)		(0.15	)
		(1.66	)		(0.92	)		(1.20	)		(0.19	)

The Company did not have any potential diluted shares throughout the years. Accordingly, the diluted loss per share amounts were the same as the basic loss per share amounts.

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DIVIDEND

12 Months Ended

Dec. 31, 2017

Disclosure of dividend [Abstract]

DIVIDEND

17.       DIVIDEND

No dividend was paid or declared by the Company for the years ended December 31, 2015, 2016 and 2017.

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RELATED PARTY BALANCES AND TRANSACTIONS

12 Months Ended

Dec. 31, 2017

Disclosure of transactions between related parties [abstract]

RELATED PARTY BALANCES AND TRANSACTIONS

18. RELATED PARTY BALANCES AND TRANSACTIONS

The consolidated financial statements include the financial statements of the Company and the subsidiaries listed in the following table:

	Place of incorporation / registration and operations	Nominal value of issued ordinary / registered share capital (CNY)	Percentage of equity attributable to the Company		Principal activities
Name			Direct	Indirect
China Coal Mining Investment Limited	Hong Kong	—	100	—	Investment holding
FMH Corporate Services Inc.	United States	—	100	—	Dormant
Feishang Dayun Coal Mining Limited	Hong Kong	—	—	100	Investment holding
Feishang Mining Holdings Limited	British Virgin Islands	—	100	—	Investment holding
Feishang Yongfu Mining Limited	Hong Kong	—	—	100	Investment holding
Newhold Investments Limited	British Virgin Islands	—	100	—	Investment holding
Pineboom Investments Limited	British Virgin Islands	—	100	—	Investment holding
Shenzhen Feishang Management and Consulting Co., Limited (“Feishang Management”)	PRC/ Mainland China	10,000	—	100	Provision for management and consulting services to other companies in the Group
Silver Moon Technologies Limited	British Virgin Islands	1	80	—	Dormant
Sunwide Capital Limited	British Virgin Islands	—	100	—	Dormant
Yangpu Lianzhong Mining Co., Limited	PRC/ Mainland China	115,008	—	100	Investment holding
Yangpu Shuanghu Industrial Development Co., Limited	PRC/ Mainland China	1,000	—	100	Investment holding
Yunnan Feishang Mining Co., Limited	PRC/ Mainland China	50,000	—	100	Investment holding
Bayannaoer City Feishang Mining Company	PRC/ Mainland China	59,480	—	100	Exploration and development of Lead Mine

In addition to the transactions detailed elsewhere in the consolidated financial statements, the Group had the following transactions and balances with related parties:

(a) Commercial transactions with related parties

		Year Ended December 31,
		2015		2016		2017		2017
		CNY		CNY		CNY		US$
	Notes
CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”)	i		918		953		1,316		202
Sales of equipment to Wuhu Industrial	ii		—		—		1,056		162
Purchase of raw ore from Empressa Minera Jacha Uru S.A. (“Jacha Uru”)	iii		11		20		240		37

(i) On September 1, 2013, the Company signed an office sharing agreement with Anka, a private Hong Kong company that is owned by certain directors of the Company. Pursuant to the agreement, the Company shared 119 square meters out of the total of 368 square meters of the office premises. On April 1, 2017, the Company signed an office sharing agreement with Anka which superseded all previously signed agreements between the parties, pursuant to which the Company shares 184 square meters of the total area of the office premises. The agreement also provides that the Company shares certain costs and expenses in connection with their use of the office, in addition to some of the accounting and secretarial services and day-to-day office administration services provided by Anka. In 2016, Anka’s lease with the unrelated landlord was extended for two years, from July 1, 2016 to June 30, 2018.

(ii) On February 22, 2017, Wuhu Feishang signed an agreement with Wuhu Industrial, controlled by Mr. Li Feilie, to dispose of certain equipment with the carrying amount of CNY1.06 million (US$0.16 million). The disposal gain was CNY0.05 million (US$0.01 million).

(iii) In 2015, 2016 and 2017, Antay Pacha purchased copper ores from Jacha Uru, a copper mine located in Bolivia and controlled by Feishang Hesheng until December 29, 2017.

(b) Balances with related parties

The Group has payables with related parties, which are all unsecured and non-interest-bearing. Balances with related companies are summarized as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Current:
Payable to related companies:
Jacha Uru (1)		1,298		—		—
Feishang Enterprise (2)		7,832		3,719		572
Feishang Hesheng (3)		11,877		10,028		1,541
		21,007		13,747		2,113
Payable to the Shareholder:
Feishang Group (4)		12,565		11,573		1,779

Feishang Enterprise, Feishang Group, Feishang Hesheng and Jacha Uru are controlled by Mr. Li Feilie, who is the beneficial shareholder of the Company.

(1) Payable to Jacha Uru by Antay Pacha, for expenditure paid on behalf of Antay Pacha and the purchase of copper ores from Jacha Uru. The balance is repayable when funds are available.

(2) Payable to Feishang Enterprise by Feishang Management and Wuhu Mining for the net amount of loans from Feishang Enterprise. The balance is unsecured and interest-free. The balance is repayable when funds are available.

(3) Payable to Feishang Hesheng for the acquisition of Double Grow as well as the assumption of indebtedness due to Feishang Hesheng by Double Grow. The balance is unsecured and interest-free. The balance is repayable when funds are available.

(4) Payable to Feishang Group for the acquisition of Feishang Anthracite. The balance is unsecured and interest-free. The balance is repayable when funds are available.

(c) Compensation of key management personnel of the Group

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
		(Restated)		(Restated)
Wages, salaries and allowances		322		479		264		41
Housing subsidies		4		—		2		—
Contribution to pension plans		44		22		29		4
		370		501		295		45

The amounts disclosed in the table are the amounts recognized as expenses during the years related to key management personnel.

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EQUITY

12 Months Ended

Dec. 31, 2017

Disclosure of classes of share capital [abstract]

EQUITY

19. EQUITY

(a) Issued capital

	December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
Authorized:
10,000,000 preferred shares, no par		—		—		—		—
200,000,000 ordinary shares, no par		—		—		—		—
Issued and fully paid:
24,910,916 (2016: 24,910,916) common shares, no par
common shares, no par		312,081		312,081		312,081		47,963

(b) Other capital reserves

	Other capital reserves
	CNY
At January 1, 2015		636,960
Deemed contribution from a related party*		55,558
At December 31, 2015, 2016 and 2017		692,518
At December 31, 2017 (US$)		106,432

* On December 23, 2016, Feishang Hesheng waived a payment of CNY55.56 million indebtedness owed to it by Double Grow (Note 5).

(c) Dividend restrictions and reserves

Due to the Group's structure, the payment of dividends is subject to numerous controls imposed under PRC law, including foreign exchange control on the conversion of the local currency into United States dollars and other currencies.

In accordance with the relevant PRC regulations and the Articles of Association of Wuhu Feishang, appropriations of net income as reflected in its PRC statutory financial statements are to be allocated to each of the general reserve and enterprise expansion reserve, respectively, as determined by the resolution of the Board of Directors annually. No amounts were appropriated to the general reserve and enterprise expansion reserve in 2015, 2016 and 2017.

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FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about financial instruments [abstract]

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

20. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

Financial instruments of the Group primarily include cash, certain other current assets, trade payables, other payables and certain accrued liabilities, amounts due from and due to related parties, and an amount due to the Shareholder.

The Group is exposed to credit risk, foreign currency risk, business and economic risk and liquidity risk. The Group has not used any derivatives and other instruments for hedging purposes. The Group does not hold or issue derivative financial instruments for trading purposes. The Group reviews and agrees policies for managing each of these risks and they are summarized below.

(a) Credit risk

The carrying amounts of the Group's cash and cash equivalents and other current assets, except for prepayments, represent the Group's maximum exposure to credit risk in relation to its financial assets.

Cash and cash deposits

The Group maintains its cash and cash deposits primarily with various PRC State-owned banks and Hong Kong based financial institutions, which management believes are of high credit quality. The Group performs periodic evaluations of the relative credit standing of those financial institutions.

(b) Foreign currency risk

The CNY is not freely convertible into foreign currencies. The State Administration for Foreign Exchange, under the authority of the People's Bank of China, controls the conversion of the CNY into foreign currencies. The value of the CNY is subject to changes in PRC government policies and to international economic and political developments affecting the supply and demand in the China Foreign Exchange Trading System market. All foreign exchange transactions continue to take place either through the People's Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People's Bank of China. 

(c) Business and economic risk

The Group's operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 30 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC's political, economic and social conditions. There is also no guarantee that the PRC government's pursuit of economic reforms will be consistent or effective.

(d) Liquidity risk

The Group manages its liquidity risk by regularly monitoring its liquidity requirements and its compliance with debt covenants to ensure that it maintains sufficient cash and cash equivalents, and adequate time deposits to meet its liquidity requirements in the short and long term.

The table below summarizes the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:

December 31, 2017	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
	CNY		CNY		CNY		CNY		CNY
Trade payables		—		215		—		—		215
Other payables and accrued liabilities		—		2,481		—		—		2,481
Due to related companies		—		13,747		—		—		13,747
Due to the Shareholder		—		11,573		—		—		11,573
		—		28,016		—		—		28,016

December 31, 2017	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
	US$		US$		US$		US$		US$
Trade payables		—		33		—		—		33
Other payables and accrued liabilities		—		382		—		—		382
Due to related companies		—		2,113		—		—		2,113
Due to the Shareholder		—		1,779		—		—		1,779
		—		4,307		—		—		4,307

December 31, 2016	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
	CNY		CNY		CNY		CNY		CNY
Trade payables		—		2,736		—		—		2,736
Other payables and accrued liabilities		—		12,075		—		—		12,075
Due to related companies		—		21,007		—		—		21,007
Due to the Shareholder		—		12,565		—		—		12,565
		—		48,383		—		—		48,383

(e) Capital management

There were no interest-bearing debts as at December 31, 2016 and 2017.

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COMMITMENTS

12 Months Ended

Dec. 31, 2017

Disclosure of commitments [Abstract]

COMMITMENTS

21.       COMMITMENTS

(a) Operating lease

At the end of the reporting period, the Group had commitments for future minimum lease payments under a non-cancellable operating lease in respect of the rented premises which fall due as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Within the first year		1,337		476		73
After one year but not more than five years		1,542		—		—
Later than five years		1,063		—		—
		3,942		476		73

(b) Capital commitments

There was no capital commitment as at December 31, 2016 and 2017.

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SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2017

Disclosure of operating segments [abstract]

SEGMENT INFORMATION

22. SEGMENT INFORMATION

Prior to the disposal of Wuhu Feishang and Double Grow (Note 3) and acquisition of Bayannaoer Mining (Note 5), the Group operated in operating segments: exploration and mining-non-ferrous metals and copper smelting. As at December 31, 2017, the Company has one operating segment: exploration and mining. The accounting policies for the segment is as described in the summary of significant accounting policies. The Group evaluates performance based on operating earnings of the respective business units. The segment analysis below is provided for the Group's continuing operations, and does not include any amount for discontinued operations, namely the exploration and mining-non-ferrous metals and copper smelting.

Management monitors the results of the Group's operating segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on reportable segment profit/loss, which is a measure of adjusted profit/loss before tax from continuing operations. The adjusted profit/loss before tax from continuing operations is measured consistently with the Group's profit/loss before tax from continuing operations except that interest income, finance costs as well as head office and corporate expenses are excluded from such measurement.

As disclosed in Note 3 to the consolidated financial statements, the Group has disposed of its equity interests of Wuhu Feishang and Double Grow in the exploration and mining-non-ferrous metals segment and copper smelting segment on March 3, 2017 and December 29, 2017, respectively. Accordingly, the exploration and mining-non-ferrous metals segment and copper smelting segment have been classified as discontinued operations and were excluded from the segment information for each of the three years in the period ended December 31, 2017.

For the year ended December 31, 2017, the segment results were as follows:

	CNY
	Exploration and mining		Corporate activities		Total
From continuing operations:
Depreciation and amortization		5		3		8
Operating loss		258		5,946		6,204
Interest income		1		38		39
Finance costs		—		14		14
Loss for the year from continuing operations		257		5,922		6,179
Total assets		705		29,043		29,748
Total liabilities		509		44,744		45,253

	US$
	Exploration and mining	Corporate activities		Total
From continuing operations:
Depreciation and amortization	1		—		1
Operating loss	40		913		953
Interest income	—		6		6
Finance costs	—		2		2
Loss for the year from continuing operations	39		910		949
Total assets	108		4,464		4,572
Total liabilities	78		6,878		6,956

For the year ended December 31, 2016, the segment results were as follows:

	CNY
	Corporate activities		Total
	(Restated)		(Restated)
From continuing operations:
Depreciation and amortization		2		2
Operating loss		4,519		4,519
Interest income		75		75
Finance costs		1		1
Loss for the year from continuing operations		4,445		4,445
Total assets		94,793		94,793
Total liabilities		81,598		81,598

For the year ended December 31, 2015, the segment results were as follows:

	CNY
	Corporate activities		Total
	(Restated)		(Restated)
From continuing operations:
Depreciation and amortization		4		4
Operating loss		3,577		3,577
Interest income		164		164
Finance costs		2		2
Foreign exchange difference, net		354		354
Income tax expense		1,504		1,504
Loss for the year from continuing operations		5,273		5,273
Total assets		111,057		111,057
Total liabilities		128,856		128,856

The reconciliation of loss for the year from continuing operations to net loss is as follows:

	2015			2016			2017			2017
		CNY			CNY			CNY			US$
		(Restated)			(Restated)
Loss for the year from continuing operations		(5,273	)		(4,445	)		(6,179	)		(949	)
Loss for the year from discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
Net loss		(41,449	)		(23,036	)		(29,996	)		(4,609	)

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NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

12 Months Ended

Dec. 31, 2017

Notes To Consolidated Statement Of Cash Flows

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

23.       NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS

(a) Major non-cash transactions

In the year 2016, the Group received deemed contribution from a related party of the Company amounted to CNY55.56 million (Note 19(b)). No major non-cash transactions incurred in the years 2015 and 2017.

(b) Changes in liabilities arising from financing activities

	Due to related companies
	CNY
At January 1, 2017		21,007
Changes from financing cash flows		12,630
Decrease arising from disposal of discontinued operations		(18,607	)
Changes from operating activities		271
Foreign exchange movement		(1,554	)
At December 31, 2017		13,747

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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2017

Disclosure of non-adjusting events after reporting period [abstract]

SUBSEQUENT EVENTS

24.       SUBSEQUENT EVENTS

The Company has no material subsequent events.

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CONDENSED FINANCIAL INFORMATION OF THE COMPANY

12 Months Ended

Dec. 31, 2017

Disclosure of condensed financial information of company [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

25. CONDENSED FINANCIAL INFORMATION OF THE COMPANY

The following is the condensed financial information of the Company on a non-consolidated basis:

CONDENSED STATEMENTS OF FINANCIAL POSITION

	December 31,
	2016			2017			2017
	CNY			CNY			US$
ASSETS
NON-CURRENT ASSETS
Investments in subsidiaries		694			—			—
CURRENT ASSETS
Amounts due from subsidiaries		26,972			9,266			1,425
Cash and cash equivalents		10,678			13,912			2,138
Other receivables (Note 9(a))		—			9,377			1,441
TOTAL CURRENT ASSETS		37,650			32,555			5,004
TOTAL ASSETS		38,344			32,555			5,004
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Other payables and accrued liabilities		1,398			2,350			361
Due to the Shareholder		12,565			11,573			1,779
Due to a related party		10,766			10,028			1,541
TOTAL CURRENT LIABILITIES		24,729			23,951			3,681
TOTAL LIABILITIES		24,729			23,951			3,681
EQUITY
Issued capital		290,179			290,179			44,597
Other capital reserves		823,581			823,581			126,574
Accumulated losses		(1,089,898	)		(1,087,839	)		(167,187	)
Other comprehensive income		(10,247	)		(17,317	)		(2,661	)
TOTAL EQUITY		13,615			8,604			1,323
TOTAL LIABILITIES AND EQUITY		38,344			32,555			5,004

CONDENSED STATEMENTS OF PROFIT OR LOSS

	December 31,
	2015			2016			2017		2017
	CNY			CNY			CNY		US$
Administrative expenses		(2,380	)		(3,216	)		(5,055)		(777	)
Impairment of investments in subsidiaries		(25,335	)		—			—		—
Impairment of an amount due from a subsidiary		(2,821	)		—			—		—
Dividend income		31,680			—			—		—
Interest income		130			—			—		—
Profit on disposal of a subsidiary		—			—			7,114		1,093
Profit/ (loss) before income tax		1,274			(3,216	)		2,059		316
Profit/ (loss) for the year		1,274			(3,216	)		2,059		316

CONDENSED STATEMENTS OF CASH FLOWS

	December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
Net cash flows used in operating activities		(1,851	)		(2,796	)		(3,647	)		(560	)
Net cash flows from investing activities		31,681			—			7,808			1,200
Net cash flows used in financing activities		(33,210	)		(276	)		—			—
NET (DECREASE)/INCREASE IN CASH		(3,380	)		(3,072	)		4,161			640
CASH AT BEGINNING OF THE YEAR		14,484			13,062			10,678			1,641
Net foreign exchange difference		1,958			688			(927	)		(143	)
CASH AT END OF THE YEAR		13,062			10,678			13,912			2,138

The above financial statements have been provided pursuant to the requirements of Rule 12-04(a) and 4-08(e)(3) of Regulation S-X, which require condensed financial information as to financial position, results of operations and cash flows of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of the consolidated and unconsolidated subsidiaries and the parent's equity in the undistributed earnings of 50 percent or less owned persons, accounted for by the equity method, together exceed 25 percent of the consolidated net assets as of the end of the most recently completed fiscal year. As of December 31, 2017, CNY11.97 million (US$1.84 million) of the restricted capital and reserves were not available for distribution, and therefore, the condensed financial information of the Company has been presented for the years ended December 31, 2015, 2016 and 2017.

In the parent-company-only financial statements, the Company's investments in subsidiaries are stated at cost. The parent-company-only financial statements should be read in conjunction with the Company's consolidated financial statements.

The Company does not have any significant commitments or long-term obligations as of any of the years presented, except for those disclosed in the consolidated financial statements.

During the years ended December 31, 2015, 2016 and 2017, no cash dividends were declared and paid by the Company.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2017

Disclosure of basis of preparation [Abstract]

Business combinations

(a) Business combinations

The acquisition of subsidiaries and businesses under common control, where applicable, has been accounted for using merger accounting. The financial statements of the combining entities or businesses under common control are prepared for the same reporting period as the Company, using consistent accounting policies.

The merger method of accounting involves incorporating the financial statement items of the combining entities or businesses in which the common control combinations occurs as if they had been combined from the date when the combining entities or businesses first came under the control of the controlling shareholder. The net assets of the combining entities or businesses are combined using the existing book values from the controlling shareholder’s perspective. No amount is recognized in respect of goodwill or the excess of the acquirers’ interest in the net fair value of acquirees’ identifiable assets, liabilities and contingent liabilities over the cost of investment at the time of common control combination.

The consolidated statement of profit or loss includes the results of each of the combining entities or businesses from the earliest date presented or since the date when the combining entities or businesses first came under common control or since their respective dates of incorporation/establishment, where this is a shorter period, regardless of the date of the common control combination. All intra-group balances, transactions, unrealized gains and losses resulting from intra-group transactions and dividends are eliminated on consolidation.

Business combinations, other than business combinations under common control, are accounted for using the acquisition method. The consideration transferred is measured at the acquisition date fair value which is the sum of the acquisition date fair values of assets transferred by the Group, liabilities assumed by the Group to the former owner of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree that are present ownership interests and entitle their holders to a proportionate share of net assets in the event of liquidation at fair value or at the proportionate share of the acquiree’s identifiable net assets. All other components of non-controlling interests are measured at fair value. Acquisition-related costs are expensed as incurred.

When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts of the acquiree.

If the business combination is achieved in stages, the acquisition date fair value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through the consolidated statement of profit or loss.

Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as an asset or liability is measured at fair value with changes in fair value recognized in profit or loss. If the contingent consideration is not within the scope of IAS 39, it is measured in accordance with the appropriate IFRSs. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity.

Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, the amount recognized for non-controlling interests and any fair value of the Group’s previously held equity interests in the acquiree over the identifiable net assets acquired and liabilities assumed. If the sum of this consideration and other items is lower than the fair value of the net assets of the subsidiary acquired, the difference is, after reassessment, recognized in the consolidated statement of profit or loss as a gain on bargain purchase.

After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The Group performs its annual impairment test of goodwill as at December 31. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.

Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units) to which the goodwill relates. Where the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the carrying amount, an impairment loss is recognized. An impairment loss recognized for goodwill is not reversed in a subsequent period.

Where goodwill has been allocated to a cash-generating unit (or group of cash-generating units) and part of the operation within that until is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on the disposal. Goodwill disposed of in these circumstances is measured based on the relative value of the operation disposed of and the portion of the cash-generating unit retained.

Related parties

(b) Related parties

A party is considered to be related to the Group if:

(1) the party is a person or a close member of that person’s family and that person

(i) has control or joint control over the Group;

(ii) has significant influence over the Group; or

(iii) is a member of the key management personnel of the Group or of a parent of the Group;

or

(2) the party is an entity where any of the following conditions applies:

(i) the entity and the Group are members of the same group;

(ii) one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity);

(iii) the entity and the Group are joint ventures of the same third party;

(iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity;

(v) the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group;

(vi) the entity is controlled or jointly controlled by a person identified in (1);

(vii) a person identified in (1)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and

(viii) the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group.

Property, plant and equipment and depreciation

(c) Property, plant and equipment and depreciation

Property, plant and equipment comprize buildings, mining structures, mining rights, machinery and equipment, motor vehicles, exploration rights and construction in progress.

Exploration rights are capitalized and amortized over the term of the license granted to the Group by the authorities.

When proved and probable coal reserves have been determined, costs incurred to develop coal mines are capitalized as part of the cost of the mining structures.

Buildings, mining structures, machinery and equipment, and motor vehicles are stated at cost less accumulated depreciation and any impairment losses. Expenditures for routine repairs and maintenance are expensed as incurred.

Mining rights are stated at cost less accumulated amortization and any impairment losses. The costs of mining rights are initially capitalized when purchased. If proved and probable reserves are established for a property and it has been determined that a mineral property can be economically developed, costs are capitalized and are amortized upon production based on actual units of production over the estimated proved and probable reserves of the mines. For mining rights in which proved and probable reserves have not yet been established, the Group assesses the carrying value for impairment at the end of each reporting period. The Group’s rights to extract minerals are contractually limited by time. However, the Group believes that it will be able to extend its licenses.

Mining related buildings, mining structures and mining related machinery and equipment are stated at cost less accumulated depreciation and any impairment losses. Those mining related assets for which proved and probable reserves have been established are depreciated upon production based on actual units of production over the estimated proved and probable reserves of the mines.

Reserve estimates are reviewed when information becomes available that indicates a reserve change is needed, or at a minimum once a year. Any material effect from changes in estimates is considered in the period the change occurs.

Depreciation for the following items is calculated on the straight-line basis over each asset’s estimated useful life down to the estimated residual value of each asset.

Estimated useful lives are as follows:

Non-mining related buildings	8 - 35 years
Non-mining related machinery and equipment	3 - 15 years
Motor vehicles	4 - 8 years

Residual values, useful lives and the depreciation method are reviewed and, adjusted if appropriate, at each reporting date.

When properties are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is recognized in the statement of profit or loss.

Construction in progress is carried at cost and is to be depreciated when placed into service over the estimated useful lives or units of production of those assets. Construction costs are capitalized as incurred. Interest is capitalized as incurred during the construction period.

Fair value measurement

(d) Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.

The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 – based on quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 – based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly

Level 3 – based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

Exploration and evaluation costs

(e) Exploration and evaluation costs

Exploration and evaluation assets include topographical and geological surveys, exploratory drilling, sampling and trenching and activities in relation to commercial and technical feasibility studies, and expenditure incurred to secure further mineralization in existing bodies and to expand the capacity of a mine. Expenditure incurred prior to acquiring legal rights to explore an area is expensed as incurred.

Once the exploration right to explore has been acquired, exploration and evaluation expenditure is charged to the consolidated statement of profit or loss as incurred, unless a future economic benefit is more likely than not to be realized. Exploration and evaluation assets acquired in a business combination are initially recognized at fair value. They are subsequently stated at cost less accumulated impairment.

When it can be reasonably ascertained that a mining property is capable of commercial production, exploration and evaluation costs are transferred to tangible or intangible assets according to the nature of the exploration and evaluation assets. If any project is abandoned during the evaluation stage, the total expenditure thereon will be written off.

Impairment of non-financial assets

(f) Impairment of non-financial assets

Where an indication of impairment exists, or when annual impairment testing for an asset is required (other than inventories, financial assets, etc.), the asset’s recoverable amount is estimated.

An impairment exists when the carrying value of an asset or cash-generating unit exceeds its recoverable amount, which is the higher of its fair value less costs of disposal and its value in use, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets, in which case the recoverable amount is determined for the cash-generating unit to which the asset belongs. The calculation of fair value less costs of disposal is based on available data from binding sales transactions in arm’s length transactions of similar assets or observable market prices less incremental costs for disposing of the asset or other appropriate valuation techniques. The value in use calculation is based on a discounted cash flow model, using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is charged to the consolidated statement of profit or loss in the period in which it arises in those categories consistent with the function of the impaired asset.

An assessment is made at the end of each reporting period as to whether there is an indication that previously recognized impairment losses may no longer exist or may have decreased. If such an indication exists, the recoverable amount is estimated. A previously recognized impairment loss of an asset other than goodwill is reversed only if there has been a change in the estimates used to determine the recoverable amount of that asset, but not to an amount higher than the carrying amount that would have been determined (net of any depreciation/amortization) had no impairment loss been recognized for the asset in prior years.

Financial assets

(g) Financial assets

As at December 31, 2017 and 2016, the Group’s financial assets within the scope of IAS 39 are all classified as loans and receivables. All financial assets are recognized initially at fair value plus transaction costs that are attributable to the acquisition of the financial assets.

All regular way purchases and sales of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace.

Subsequent measurement of loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for those with maturities greater than 12 months after the reporting date, which are classified as non-current assets. Loans and receivables are included in “prepayments, deposits and other receivables”, “cash and cash equivalents” and “rehabilitation fund” in the consolidated statement of financial position. These assets are subsequently carried at amortized cost using the effective interest method (“EIR”) less any provision for impairment. Gains and losses are recognized in interest income or finance costs in the consolidated statement of profit or loss when the loans and receivables are derecognized as well as through the amortization process.

Fair value of loans and receivables

As at December 31, 2016, the carrying amounts of the rehabilitation fund are not materially different from their fair values. The carrying values of other financial assets approximated to their fair values due to the short-term maturities of these instruments.

Impairment of loans and receivables

The Group assesses at the end of each reporting date whether there is objective evidence that the loans and receivables are impaired. The Group first assesses whether impairment exists individually for loans and receivables that are individually significant, or collectively for loans and receivables that are not individually significant. If the Group determines that no objective evidence of impairment exists for an individually assessed loans and receivables, whether significant or not, it includes the asset in a group of loans and receivables with similar credit risk characteristics and collectively assesses them for impairment. Loans and receivables that are individually assessed for impairment and for which an impairment loss is, or continues to be, recognized are not included in a collective assessment of impairment.

If, in a subsequent year, the amount of the estimated impairment loss increases or decreases because of an event occurring after the impairment was recognized, the previously recognized impairment loss is increased or reduced by adjusting the allowance account. Any subsequent reversal of an impairment loss is recognized in the consolidated statement of profit or loss, to the extent that the carrying value of the asset does not exceed amortized cost at the reversal date.

In relation to trade and other receivables, a provision for impairment is made when there is objective evidence (such as the probability of insolvency or significant financial difficulties of the debtor and significant changes in the technological, market, economic or legal environment that have an adverse effect on the debtor) that the Group will not be able to collect all of the amounts due under the original terms of an invoice.

Derecognition of loans and receivables

For financial assets classified as loans and receivables, the financial asset (or, where applicable a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when:

(i) the rights to receive cash flows from the asset have expired; or

(ii) the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) has transferred substantially all the risks and rewards of the asset, or (b) has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group's continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay.

Financial liabilities at amortized cost

(h) Financial liabilities at amortized cost

Financial liabilities including trade payables, amounts due to related companies and the Shareholder, and other payables and certain accrued liabilities are initially stated at fair value less directly attributable transaction costs and are subsequently measured at amortized cost, using the effective interest rate. The related interest expense is recognized within “finance costs” in the consolidated statement of profit or loss.

Gains and losses are recognized in the consolidated statement of profit or loss when the liabilities are derecognized as well as through the amortization process.

Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in the statement of profit or loss.

Fair value

As of December 31, 2016 and 2017, the carrying values of these financial liabilities approximate their fair values due to the short-term maturities of these instruments.

The Group had no financial liabilities measured at fair value on a recurring or a non-recurring basis as of December 31, 2016 and 2017.

Derecognition of financial liabilities

A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires.

When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in the consolidated statement of profit or loss.

Offsetting of financial instruments

Financial assets and liabilities are offset and the net amount reported in the consolidated statement of financial position, if and only if, there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.

Inventories

(i) Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined by the weighted-average method. Net realizable value is based on estimated selling prices less any estimated costs to be incurred to completion and disposal. Major types of inventories include:

· Materials and supplies which consist of extracted raw ore, auxiliary materials, spare parts and other consumables; and

· Finished goods.

Cash and cash equivalents

(j) Cash and cash equivalents

For the purpose of the consolidated statement of cash flows, cash and cash equivalents comprise cash on hand and demand deposits, and short-term highly liquid investments that are readily convertible into known amounts of cash, are subject to an insignificant risk of changes in value, and have a short-term maturity of generally within three months when acquired, less bank overdrafts which are repayable on demand and form an integral part of the Group’s cash management.

For the purpose of the consolidated statement of financial position, cash and cash equivalents comprise cash on hand and at banks, including term deposits, and assets similar in nature to cash, which are not restricted as to use.

Employee benefits

(k) Employee benefits

Pension obligations

The Group contributes on a monthly basis to various defined contribution retirement benefit plans administered by the PRC government. The relevant government agencies undertake to assume the retirement benefit obligation payable to all existing and future retired employees under these plans and the Group has no further obligation for post-retirement benefits beyond the contributions made. Further information is set out in Note 14.

Housing funds

All full-time employees of the Group are entitled to participate in various government-sponsored housing funds. The Group contributes on a monthly basis to these funds based on certain percentages of the salaries of the employees. The Group's liability in respect of these funds is limited to the contributions payable in each year.

Asset retirement obligations

(l) Asset retirement obligations

The Group’s legal or constructive obligations associated with the retirement of non-financial assets are recognized at fair value at the time the obligations are incurred and if it is probable that an outflow of resources will be required to settle the obligation, and a reasonable estimate of fair value can be made. Upon initial recognition of a liability, a corresponding amount is capitalized as part of the carrying amount of the related property, plant and equipment. Asset retirement obligations are regularly reviewed by management and are revised for changes in future estimated costs and regulatory requirements. Changes in the estimated timing of retirement or future estimated costs are dealt prospectively by recording an adjustment against the carrying value of the provision and a corresponding adjustment to property and equipment. Depreciation of the capitalized asset retirement cost is generally determined on a units-of-production basis. Accretion of the asset retirement obligation is recognized over time and generally will escalate over the life of the producing asset, typically as production declines. Accretion is included in the finance costs in the consolidated statement of profit or loss. Any difference between the recorded obligation and the actual costs of reclamation is recorded in the consolidated statement of profit or loss in the period the obligation is settled.

Borrowing costs

(m) Borrowing costs

Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs directly relating to the acquisition, construction or production of a qualifying asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective assets. The capitalization of such borrowing costs ceases when the assets are substantially ready for their intended use or sale. All other borrowing costs are expensed in the period in which they are incurred.

Revenue recognition

(n) Revenue recognition

The Group sells its products pursuant to sales contracts entered into with its customers. Revenue for all products is recognized when the significant risks and rewards of ownership have passed to the customer, provided that the Group does not maintain neither managerial involvement to the degree usually associated with ownership nor effective control over the goods sold, and when collectability is reasonably assured. The passing of the significant risks and rewards of ownership to the customer is based on the terms of the sales contract, generally upon delivery and acceptance of the product by the customer.

In accordance with the relevant tax laws in the PRC, value-added tax (“VAT”) is levied on the invoiced value of sales and is payable by the purchaser. The Group is required to remit the VAT it collects to the tax authority, but may deduct the VAT it has paid on eligible purchases. The difference between the amounts collected and paid is presented as VAT recoverable or payable in the consolidated statement of financial position. The Group recognizes revenues net of VAT.

Government grants

(o) Government grants

Government grants are recognized at their fair value where there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the period that the costs, which it is intended to compensate, are expensed.

Where the grant relates to an asset, the fair value is credited to a deferred income account and is released to the consolidated statement of profit or loss over the expected useful life of the relevant asset by equal annual instalments or deducted from the carrying amount of the asset and released to the consolidated statement of profit or loss by way of a reduced depreciation charge.

Income taxes

(p) Income taxes

Income tax comprises current and deferred tax. Income tax relating to items recognized outside profit or loss is recognized outside profit or loss, either as other comprehensive income or loss, or directly in equity.

Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantially enacted, by the end of the reporting date, taking into consideration interpretations and practices prevailing in the countries where the Group operates and generates taxable income.

Deferred tax is provided, using the liability method, on all temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred tax liabilities are recognized for all taxable temporary differences, except:

· when the deferred tax liability arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and

· in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future.

Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized, except:

· where the deferred tax assets relating to the deductible temporary differences arise from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and

· in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are only recognized to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it is probable that it has become probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Deferred tax assets and deferred tax liabilities are offset if and only if the Group has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

Foreign currencies

(q) Foreign currencies

The functional currency of substantially all the operations of the Group is the CNY, the national currency of the PRC. Transactions denominated in currencies other than the CNY recorded by the entities of the Group are initially recorded using their respective functional currency rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in other currencies have been translated into CNY at the functional currency rates of exchange prevailing at the end of the reporting period. The resulting exchange gains or losses are credited or charged to the consolidated statement of profit or loss. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the date of the initial transactions.

The consolidated financial statements of certain overseas subsidiary operations with a functional currency other than the CNY have been translated into CNY. The assets and liabilities of these entities have been translated using the exchange rates prevailing at the reporting date and their consolidated statements of profit or loss have been translated using the weighted average exchange rate for the year. Resulting translation adjustments are reported as a separate component of other comprehensive income.

On disposal of a foreign operation, the deferred cumulative amount recognized in equity relating to that particular foreign operation is recognized in the consolidated statement of profit or loss.

Convenience translation

(r) Convenience translation

The consolidated financial statements are stated in CNY. The translation of amounts from CNY into US$ is included solely for the convenience of the readers and has been made at the rate of exchange quoted by UKForex on December 31, 2017 of US$1.00 = CNY6.5067. No representation is made that the CNY amounts could have been, or could be, converted into US$ at that rate on December 31, 2017 or at any other date.

Provisions

(s) Provisions

A provision is recognized when a present obligation (legal or constructive) has arisen as a result of a past event and it is probable that a future outflow of resources will be required to settle the obligation, provided that a reliable estimate can be made of the amount of the obligation.

When the effect of discounting is material, the amount recognized for a provision is the present value at the end of the reporting period of the future expenditures expected to be required to settle the obligation. The increase in the discounted present value amount arising from the passage of time is included in finance costs in the consolidated statement of profit or loss.

Leases

(t) Leases

Leases that transfer substantially all the rewards and risks of ownership of assets to the Group, other than legal title, are accounted for as finance leases. At the inception of a finance lease, the cost of the leased asset is capitalized at the lower of its fair value of the present value of the minimum lease payments and recorded together with the obligation, excluding the interest element, to reflect the purchase and financing. Assets held under capitalized finance leases are included in property, plant and equipment, and depreciated over the shorter of the lease terms and the estimated useful lives of the assets. The finance costs of such leases are charged to the consolidated statement of profit or loss so as to provide a constant periodic rate of charge over the lease terms.

Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Where the Group is the lessee, rentals payable under operating leases net of any incentives received from the lessor are charged to the consolidated statement of profit or loss on the straight-line basis over the lease terms.

Prepaid land lease payments under operating leases are initially stated at cost and subsequently recognized on the straight-line basis over the lease terms.

Dividend

(u) Dividend

Final dividends are recognized as a liability when they are approved by the shareholders in a general meeting.

Interim dividends are simultaneously proposed and declared, because the Company's memorandum and articles of association grant the directors the authority to declare interim dividends. Consequently, interim dividends are recognized immediately as a liability when they are proposed and declared.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of basis of preparation [Abstract]

Schedule of Estimated Useful Life

Estimated useful lives are as follows:

Non-mining related buildings	8 - 35 years
Non-mining related machinery and equipment	3 - 15 years
Motor vehicles	4 - 8 years

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DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

ContinuingAndDiscontinuedOperationsLineItems [Line Items]

Schedule of Calculations of Basic and Diluted Earnings Per Share

The results of the above discontinued operations are presented below:

	2015		2016		2017
	CNY		CNY		CNY
Loss per share from the discontinued operations (Presented in CNY per share)
Basic	(1.45	)	(0.74	)		(0.95	)
Diluted	(1.45	)	(0.74	)		(0.95	)
The calculations of basic and diluted loss per share from the discontinued operations are based on:
	2015		2016			2017
	CNY		CNY			CNY
Loss attributable to owners of the Company from the discontinued operations	(36,176	)	(18,591	)		(23,817	)
Weighted average number of ordinary shares in issue during the period used in the loss per share calculations:
Basic (Note 16)	24,910,916		24,910,916			24,910,916
Diluted (Note 16)	24,910,916		24,910,916			24,910,916

Discontinued operation of Wuhu Feishang [Member]

ContinuingAndDiscontinuedOperationsLineItems [Line Items]

Schedule of discontinued operations

(a) Discontinued operation of Wuhu Feishang

The results of Wuhu Feishang are presented below:

	2015		2016		For the period from January 1, 2017 to March 3, 2017
	CNY		CNY		CNY
Revenue	18,342		—			—
Cost of sales	(31,936	)	—			—
Gross Profit	(13,594	)	—			—
Selling expenses	(31	)	(23	)		—
Administrative expenses	(14,487	)	(6,588	)		(991	)
Losses arising from temporary suspension of production	(830	)	(4,073	)		(641	)
Reversal of write-down of inventories to net realizable value	5,474		1,744			—
Impairment loss on property, plant and equipment	(7,542	)	—			—
Other operating income	412		393			61
OPERATING LOSS	(30,598	)	(8,547	)		(1,571	)
Finance costs	(422	)	(258	)		(30	)
Interest income	892		119			9
Non-operating income/(expenses), net	(106	)	(2,267	)		230
LOSS BEFORE INCOME TAX	(30,234	)	(10,953	)		(1,362	)
LOSS FOR THE PERIOD FROM WUHU FEISHANG	(30,234	)	(10,953	)		(1,362	)
Gain on disposal of Wuhu Feishang	—		—			12,340
(LOSS)/PROFIT FOR THE PERIOD FROM WUHU FEISHANG	(30,234	)	(10,953	)		10,978

The details of the net assets of Wuhu Feishang as at March 3, 2017 are as follows:

	March 3, 2017
	CNY
Net assets disposed of:
Property, plant and equipment		7,613
Rehabilitation fund		3,983
Inventories		5,644
Prepayments		73
Other receivables		47
Cash and cash equivalents		18
Trade payables		(30	)
Other payables and accrued liabilities		(13,303	)
Taxes payable		(5,316	)
Due to related companies		(5,117	)
Asset retirement obligations		(4,952	)
Net assets disposed of:		(11,340	)
Gain on disposal of Wuhu Feishang		12,340
Consideration		1,000
Satisfied by:
Cash received		1,000

The net cash flows incurred by Wuhu Feishang, excluding the cash consideration received from disposal of Wuhu Feishang are as follows:

	2015		2016		For the period from January 1, 2017 to March 3, 2017
	CNY		CNY		CNY
Operating activities	(42,785	)	(16,632	)		(2,727	)
Investing activities	(5,927	)	(81	)		60
Financing activities	35,711		1,920			1,793
Net cash outflows	(13,001	)	(14,793	)		(874	)

An analysis of the cash flows of cash and cash equivalents in respect of the disposal of Wuhu Feishang is as follows:

	March 3, 2017
	CNY
Cash consideration received	1,000
Less: Cash and cash equivalents disposed of	(18	)
Net cash inflows from the disposal of Wuhu Feishang	982

Discontinued operation of Double Grow [Member]

ContinuingAndDiscontinuedOperationsLineItems [Line Items]

Schedule of discontinued operations

(b) Discontinued operation of Double Grow

The results of Double Grow are presented below:

	2015		2016		For the period from January 1, 2017 to December 29, 2017
	CNY		CNY		CNY
Administrative expenses	(2,099	)	(3,907	)		(5,966	)
Other operating expenses, net	(3,836	)	(3,575	)		—
OPERATING LOSS	(5,935	)	(7,482	)		(5,966	)
Finance costs	(20	)	(72	)		(78	)
Non-operating income/(expenses), net	13		(84	)		(840	)
LOSS BEFORE INCOME TAX	(5,942	)	(7,638	)		(6,884	)
LOSS FOR THE PERIOD FROM DOUBLE GROW	(5,942	)	(7,638	)		(6,884	)
Loss on disposal of Double Grow	—		—			(27,911	)
LOSS FOR THE PERIOD FROM DOUBLE GROW	(5,942	)	(7,638	)		(34,795	)

The details of the net assets of Double Grow as at December 29, 2017 are as follows:

	December 29, 2017
	CNY
Net assets disposed of:
Property, plant and equipment		45,442
Intangible assets		5
Inventories		5,659
Trade and bills receivables		340
Prepayments		572
Other receivables		5,962
Cash and cash equivalents		807
Trade payables		(786	)
Other payables and accrued liabilities		(2,561	)
Taxes payable		(621	)
Due to related companies		(21,994	)
Asset retirement obligations		(386	)
Net assets disposed of:		32,439
Exchange fluctuation reserve		3,280
		35,719
Loss on disposal of Double Grow		(27,911	)
Consideration		7,808
Satisfied by:
Cash received		7,808

The net cash flows incurred by Double Grow, excluding the cash consideration received from disposal of Double Grow are as follows:

	2015		2016		For the period from January 1, 2017 to December 29, 2017
	CNY		CNY		CNY
Operating activities	(4,913	)	(11,879	)		(5,796	)
Investing activities	(12,061	)	(4,453	)		(5,823	)
Financing activities	25,922		5,915			10,173
Net foreign exchange difference	(1,564	)	303			(100	)
Net cash inflows/(outflows)	7,384		(10,114	)		(1,546	)

An analysis of the cash flows of cash and cash equivalents in respect of the disposal of Double Grow is as follows:

	December 29, 2017
	CNY
Cash consideration received	7,808
Less: Cash and cash equivalents disposed of	(807	)
Net cash inflows from the disposal of Double Grow	7,001

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RESTATEMENT (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of restatement [Abstract]

Schedule of result of the disposal of Wuhu Feishang and Double Grow

As a result of the disposal of Wuhu Feishang and Double Grow, the relevant line items in the consolidated statements of profit or loss and comprehensive income for the years ended December 31, 2015 and 2016 have been restated as follows:

	The Group (as previously reported)		Adjustment in relation to disposal of Double Grow		Adjustment in relation to disposal of Wuhu Feishang		The Group (as restated)
	CNY		CNY		CNY		CNY
Consolidated statement of profit or loss for the year ended December 31, 2015:
Revenue	18,342		—		(18,342	)	—
Cost of sales	(31,936	)	—		31,936		—
Gross profit	(13,594	)	—		13,594		—
Selling expenses	(31	)	—		31		—
Administrative expenses	(20,163	)	2,099		14,487		(3,577	)
Losses arising from temporary suspension of production	(830	)	—		830		—
Reversal of write down of inventories to net realizable value, net	5,474		—		(5,474	)	—
Impairment loss on property, plant and equipment	(7,542	)	—		7,542		—
Other operating income/ (expenses)	(3,424	)	3,836		(412	)	—
Operating loss	(40,110	)	5,935		30,598		(3,577	)
Finance costs	(444	)	20		422		(2	)
Foreign exchange difference, net	(354	)	—		—		(354	)
Interest income	1,056		—		(892	)	164
Non-operating expenses, net	(93	)	(13	)	106		—
Loss before income tax	(39,945	)	5,942		30,234		(3,769	)
Income tax expense	(1,504	)	—		—		(1,504	)
Loss for the year from continuing operations	(41,449	)	5,942		30,234		(5,273	)
Loss for the year from discontinued operations	—		(5,942	)	(30,234	)	(36,176	)
Consolidated statement of comprehensive income for the year ended December 31, 2015:
Foreign currency translation adjustments	410		—		—		410
Total comprehensive income for the year	(41,039	)	—		—		(41,039	)
Loss per share attributable to ordinary equity holders of the Company:
Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)	(1.66	)	0.24		1.21		(0.21	)
- For loss from discontinued operations (Presented in CNY per share)	—		(0.24	)	(1.21	)	(1.45	)
	(1.66	)	—		—		(1.66	)

	The Group (as previously reported)		Adjustment in relation to disposal of Double Grow		Adjustment in relation to disposal of Wuhu Feishang		The Group (as restated)
	CNY		CNY		CNY		CNY
Consolidated statements of profit or loss for the year ended December 31, 2016:
Selling expenses	(23	)	—		23		—
Administrative expenses	(15,014	)	3,907		6,588		(4,519	)
Losses arising from temporary suspension of production	(4,073	)	—		4,073		—
Reversal of write down of inventories to net realizable value, net	1,744		—		(1,744	)	—
Other operating income/ (expenses)	(3,182	)	3,575		(393	)	—
Operating loss	(20,548	)	7,482		8,547		(4,519	)
Finance costs	(331	)	72		258		(1	)
Interest income	194		—		(119	)	75
Non-operating expenses, net	(2,351	)	84		2,267		—
Loss for the year from continuing operations	(23,036	)	7,638		10,953		(4,445	)
Loss for the year from discontinued operations	—		(7,638	)	(10,953	)	(18,591	)
Consolidated statement of comprehensive income for the year ended December 31, 2016:
Foreign currency translation adjustments	(834	)	—		—		(834	)
Total comprehensive income for the year	(23,870	)	—		—		(23,870	)
Loss per share attributable to ordinary equity holders of the company:
Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)	(0.92	)	0.31		0.43		(0.18	)
-For loss from discontinued operations (Presented in CNY per share)	—		(0.31	)	(0.43	)	(0.74	)
	(0.92	)	—		—		(0.92	)

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BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2017

Business Acquisitions Tables

Schedule of the net assets of Bayannaoer Mining

The details of the net assets of Bayannaoer Mining as at November 30, 2017 are as follows:

	November 30, 2017
	CNY
Cash and cash equivalents		631
Other current assets		361
Property, plant and equipment		336
Current liabilities		(611	)
Net assets		717

Schedule of analysis of the cash flows in respect of the acquisition of Double Grow

An analysis of the cash flows in respect of the acquisitions of Antay Pacha by Double Grow in the year 2015 and Bayannaoer Mining in the year 2017 is as follow:

	December 31,
		2015		2016		2017			2017
		CNY		CNY		CNY			US$
Cash consideration		(9	)		—		(717	)		(110	)
Cash and bank balances acquired		8,973			—		631			97
Net cash flows from acquisition of subsidiaries, net		8,964			—		(86	)		(13	)

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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about property, plant and equipment [abstract]

Schedule of Property Plant and Equipment

	Buildings			Mining structures and mining rights			Machinery and equipment			Motor vehicles			Construction in progress			Total
	CNY			CNY			CNY			CNY			CNY			CNY
Cost
At January 1, 2016		22,996			33,921			7,648			7,319			34,276			106,160
Additions		—			—			3			—			5,020			5,023
Transfer		5,515			—			—			—			(5,515	)		—
Disposals		—			—			—			(311	)		—			(311	)
Exchange adjustment		202			21			3			348			2,279			2,853
At December 31, 2016		28,713			33,942			7,654			7,356			36,060			113,725
Acquisition of Bayannaoer Mining		43			—			12			280			—			335
Additions		—			—			71			—			4,137			4,208
Disposals		(5,781	)		(4,688	)		(786	)		(2,017	)		—			(13,272	)
Exchange adjustment		(104	)		(21	)		(173	)		(35	)		(2,388	)		(2,721	)
Disposal of subsidiaries		(22,828	)		(29,233	)		(5,939	)		(5,305	)		(37,809	)		(101,114	)
At December 31, 2017		43			—			839			279			—			1,161
At December 31, 2017 (US$)		6			—			129			44			—			179

Accumulated depreciation and amortization and impairment losses

At January 1, 2016	(13,206	)	(33,608	)	(7,485	)	(2,471	)	—	(56,770	)
Depreciation charge	(1,415	)	—		(55	)	(1,185	)	—	(2,655	)
Disposals	—		—		—		301		—	301
Exchange adjustment	16		—		(1	)	(93	)	—	(78	)
At December 31, 2016	(14,605	)	(33,608	)	(7,541	)	(3,448	)	—	(59,202	)
Depreciation charge	(530	)	—		(25	)	(1,193	)	—	(1,748	)
Disposals	5,121		4,688		715		1,742		—	12,266
Exchange adjustment	(84	)	—		(69	)	(46	)	—	(199	)
Disposal of subsidiaries	10,098		28,920		6,100		2,941		—	48,059
At December 31, 2017	—		—		(820	)	(4	)	—	(824	)
At December 31, 2017 (US$)	—		—		(126	)	(1	)	—	(127	)
Net carrying amount
At December 31, 2016	14,108		334		113		3,908		36,060	54,523
At December 31, 2017	43		—		19		275		—	337
At December 31, 2017 (US$)	6		—		3		43		—	52

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INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2017

Classes of current inventories [abstract]

Schedule of Inventories

Inventories, net of provision for inventories, are summarized as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Materials and supplies		8,437		—		—
Finished goods		2,120		—		—
		10,557		—		—

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OTHER RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2017

Other Receivables Tables

Schedule of other receivables

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Withholding social insurance		5		6		1
Advance to a third party		—		493		76
Input VAT		5,780		597		92
Petty cash		179		—		—
Deposit		40		21		3
Receivables in relation to the disposal of Double Grow (a)		—		9,377		1,441
Others		123		—		—
		6,127		10,494		1,613

(a) The amount represented receivables due from Shanghai Kangzheng Investment Management Co., Ltd. amounting to CNY9.38 million (US$1.44 million) in relation to the disposal of Double Grow on December 29, 2017 as disclosed in Note 3.

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TRADE PAYABLES (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of trade payables [Abstract]

Schedule of Trade Payables

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Trade payables		2,736		215		33

Schedule of Aging Analysis of Trade Payables

The aging analysis of trade payables as at December 31, 2016 and 2017 is as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Within 1 year		2,696		15		3
1 to 2 years		—		100		15
Over 2 years		40		100		15
		2,736		215		33

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OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of other payables and accrued liabilities [Abstract]

Schedule of Other Payables and Accrued Liabilities

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Natural resources fee (a)		8,294		—		—
Staff compensation fund (b)		1,547		—		—
Social security payable (c)		1,506		68		10
Payroll payable		1,704		376		58
Welfare payable		529		1		—
Advances from customers		23		—		—
Accrued expenses		1,419		2,372		365
Others		2,339		109		17
		17,361		2,926		450

(a) The natural resources fee represents fees payable to the PRC government and is calculated as a percentage of sales.

(b) The staff compensation fund represents one-off cash received from the PRC government to compensate employees of Wuhu Feishang through the Group for the loss of their state-sponsored pension and post-employment benefits. The fund is to be distributed to employees upon the termination of their employment with Wuhu Feishang. Wuhu Feishang is not required to make any additional contributions to the fund.

(c) The social security represents amounts payable to the PRC and Bolivia government-managed retirement insurance, medical insurance, etc.

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ASSET RETIREMENT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of asset retirement obligations [Abstract]

Schedule of Asset Retirement Obligations

The following table describes the changes to the Group's asset retirement obligation liability:

	Amount			Amount
	CNY			US$
At January 1, 2016		4,967			763
Accretion expenses		311			48
Exchange adjustment		24			4
At December 31, 2016		5,302			815
Accretion expenses		60			9
Disposal of subsidiaries (Note 3)		(5,338	)		(820	)
Exchange adjustment		(24	)		(4	)
At December 31, 2017		—			—

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LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of loss before income tax from continuing operations [Abstract]

Schedule of Group's Loss Before Tax from Continuing Operations

The Group's loss before tax from continuing operations is arrived at after charging/ (crediting):

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
	(Restated)		(Restated)
Crediting:
Interest income on bank deposits		164		75		39		6
Charging:
Auditors' remuneration:
- Audit fee		800		1,480		2,000		307
Employee benefit expenses (Note 14)		591		715		697		107
Foreign exchange difference, net		354		—		—		—
Depreciation and amortization:
- Property, plant and equipment		4		2		8		1
Operating lease rental:
- Office properties		805		948		747		115

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EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of defined benefit plans [abstract]

Schedule of employee benefits from Continuing Operations

The Group’s employee benefits from continuing operations comprise the following:

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
		(Restated)		(Restated)
Wages, salaries and allowances		459		565		566		87
Housing funds (a)		38		40		33		5
Contribution to pension plans (a)		92		104		79		12
Welfare and other expenses		2		6		19		3
		591		715		697		107

(a)       According to the PRC state regulations, the employees of the Group's subsidiaries which operate in Mainland China are required to participate in a central pension scheme operated by the local municipal government and government-sponsored housing funds. These subsidiaries are required to contribute a certain percentage of their payroll costs for those qualified urban employees to the central pension scheme as well as the housing funds.

Schedule of employee benefits charged to the consolidated statements of profit or loss from continuing operations

Employee benefits charged to the consolidated statements of profit or loss from continuing operations are analyzed as follows:

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
		(Restated)		(Restated)
Total employee benefits accrued for the year		591		715		697		107
Amount charged to the consolidated statement of profit or loss		591		715		697		107

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INCOME TAX EXPENSE (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of income tax expense [Abstract]

Schedule of loss before income tax from continuing operations

Loss before income tax consists of:

	Year Ended December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
	(Restated)			(Restated)
PRC		(1,101	)		(1,171	)		(1,071	)		(165	)
BVI		(2,625	)		(3,225	)		(5,064	)		(777	)
Hong Kong		(43	)		(49	)		(44	)		(7	)
Total loss before income tax for the year from continuing operations		(3,769	)		(4,445	)		(6,179	)		(949	)
Total loss before income tax for the year from discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
		(39,945	)		(23,036	)		(29,996	)		(4,609	)

Schedule of current and deferred components of income tax expense from Continuing Operations

The current and deferred components of income tax expense on the consolidated statements of profit or loss are as follows:

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
	(Restated)		(Restated)
Current income tax expense		1,504		—		—		—
Deferred income tax expense		—		—		—		—
Total income tax expense for the year from continuing operations		1,504		—		—		—
Total income tax expense for the year from discontinued operations		—		—		—		—
		1,504		—		—		—

Schedule of Reconciliation of Income Taxes from Continuing Operations

A reconciliation of the income taxes computed at the PRC and Bolivian statutory tax rate of 25% to the actual income tax expense/ (benefit) is as follows:

	Year Ended December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
	(Restated)			(Restated)
Loss before income tax for the year from continuing operations		(3,769	)		(4,445	)		(6,179	)		(949	)
Loss before income tax for the year from discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
		(39,945	)		(23,036	)		(29,996	)		(4,609	)
Tax at the statutory tax rate		25%			25%			25%			25%
Computed income tax benefit		(9,986	)		(5,759	)		(7,499	)		(1,152	)
Effect of different tax rates for the Company and overseas subsidiaries		680			820			1,269			195
Effect of the deemed interest income		1,112			—			—			—
Tax losses not recognized		4,927			4,259			6,230			957
Deferred tax assets not recognized		3,407			—			—			—
Non-deductible expenses		972			680			—			—
Others		392			—			—			—
Income tax expense		1,504			—			—			—
Income tax expense from continuing operations at the effective rate		1,504			—			—			—
Income tax expense from discontinued operations at the effective rate		—			—			—			—

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LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2017

Earnings per share [abstract]

Schedule of Basic and Diluted Loss Per Share

Basic and diluted loss per share for the years ended December 31, 2015, 2016 and 2017 are calculated as follows:

	Year Ended December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
	(Restated)			(Restated)
Loss for the year:
From continuing operations		(5,273	)		(4,445	)		(6,179	)		(949	)
From discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
Weighted average number of common shares:
Basic and diluted		24,910,916			24,910,916			24,910,916			24,910,916
Loss per share
Basic and diluted:
From continuing operations		(0.21	)		(0.18	)		(0.25	)		(0.04	)
From discontinued operations		(1.45	)		(0.74	)		(0.95	)		(0.15	)
		(1.66	)		(0.92	)		(1.20	)		(0.19	)

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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of transactions between related parties [abstract]

Schedule of Consolidated Financial Statements Including Financial Statements of Company and Subsidiaries

The consolidated financial statements include the financial statements of the Company and the subsidiaries listed in the following table:

	Place of incorporation / registration and operations	Nominal value of issued ordinary / registered share capital (CNY)	Percentage of equity attributable to the Company		Principal activities
Name			Direct	Indirect
China Coal Mining Investment Limited	Hong Kong	—	100	—	Investment holding
FMH Corporate Services Inc.	United States	—	100	—	Dormant
Feishang Dayun Coal Mining Limited	Hong Kong	—	—	100	Investment holding
Feishang Mining Holdings Limited	British Virgin Islands	—	100	—	Investment holding
Feishang Yongfu Mining Limited	Hong Kong	—	—	100	Investment holding
Newhold Investments Limited	British Virgin Islands	—	100	—	Investment holding
Pineboom Investments Limited	British Virgin Islands	—	100	—	Investment holding
Shenzhen Feishang Management and Consulting Co., Limited (“Feishang Management”)	PRC/ Mainland China	10,000	—	100	Provision for management and consulting services to other companies in the Group
Silver Moon Technologies Limited	British Virgin Islands	1	80	—	Dormant
Sunwide Capital Limited	British Virgin Islands	—	100	—	Dormant
Yangpu Lianzhong Mining Co., Limited	PRC/ Mainland China	115,008	—	100	Investment holding
Yangpu Shuanghu Industrial Development Co., Limited	PRC/ Mainland China	1,000	—	100	Investment holding
Yunnan Feishang Mining Co., Limited	PRC/ Mainland China	50,000	—	100	Investment holding
Bayannaoer City Feishang Mining Company	PRC/ Mainland China	59,480	—	100	Exploration and development of Lead Mine

Schedule of Commercial Transactions with Related Parties

Commercial transactions with related parties

		Year Ended December 31,
		2015		2016		2017		2017
		CNY		CNY		CNY		US$
	Notes
CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”)	i		918		953		1,316		202
Sales of equipment to Wuhu Industrial	ii		—		—		1,056		162
Purchase of raw ore from Empressa Minera Jacha Uru S.A. (“Jacha Uru”)	iii		11		20		240		37

Schedule of Group Payables with Related Parties

The Group has payables with related parties, which are all unsecured and non-interest-bearing. Balances with related companies are summarized as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Current:
Payable to related companies:
Jacha Uru (1)		1,298		—		—
Feishang Enterprise (2)		7,832		3,719		572
Feishang Hesheng (3)		11,877		10,028		1,541
		21,007		13,747		2,113
Payable to the Shareholder:
Feishang Group (4)		12,565		11,573		1,779

Feishang Enterprise, Feishang Group, Feishang Hesheng and Jacha Uru are controlled by Mr. Li Feilie, who is the beneficial shareholder of the Company.

(1) Payable to Jacha Uru by Antay Pacha, for expenditure paid on behalf of Antay Pacha and the purchase of copper ores from Jacha Uru. The balance is repayable when funds are available.

(2) Payable to Feishang Enterprise by Feishang Management for the net amount of loans from Feishang Enterprise. The balance is unsecured and interest-free. The balance is repayable when funds are available.

(3) Payable to Feishang Hesheng for the acquisition of Double Grow as well as the assumption of indebtedness due to Feishang Hesheng by Double Grow. The balance is unsecured and interest-free. The balance is repayable when funds are available.

(4) Payable to Feishang Group for the acquisition of Feishang Anthracite. The balance is unsecured and interest-free. The balance is repayable when funds are available.

Schedule of Compensation of Key Management Personnel of Group

Compensation of key management personnel of the Group

	Year Ended December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
		(Restated)		(Restated)
Wages, salaries and allowances		322		479		264		41
Housing subsidies		4		—		2		—
Contribution to pension plans		44		22		29		4
		370		501		295		45

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EQUITY (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of classes of share capital [abstract]

Schedule of Issued Capital

	December 31,
	2015		2016		2017		2017
	CNY		CNY		CNY		US$
Authorized:
10,000,000 preferred shares, no par		—		—		—		—
200,000,000 ordinary shares, no par		—		—		—		—
Issued and fully paid:
24,910,916 (2016: 24,910,916) common shares, no par
common shares, no par		312,081		312,081		312,081		47,963

Schedule of Other Capital Reserves

	Other capital reserves
	CNY
At January 1, 2015		636,960
Deemed contribution from a related party*		55,558
At December 31, 2015, 2016 and 2017		692,518
At December 31, 2017 (US$)		106,432

* On December 23, 2016, Feishang Hesheng waived a payment of CNY55.56 million indebtedness owed to it by Double Grow (Note 5).

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FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about financial instruments [abstract]

Schedule of Maturity Profile of the Group's Financial Liabilities

The table below summarizes the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:

December 31, 2017	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
	CNY		CNY		CNY		CNY		CNY
Trade payables		—		215		—		—		215
Other payables and accrued liabilities		—		2,481		—		—		2,481
Due to related companies		—		13,747		—		—		13,747
Due to the Shareholder		—		11,573		—		—		11,573
		—		28,016		—		—		28,016

December 31, 2017	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
	US$		US$		US$		US$		US$
Trade payables		—		33		—		—		33
Other payables and accrued liabilities		—		382		—		—		382
Due to related companies		—		2,113		—		—		2,113
Due to the Shareholder		—		1,779		—		—		1,779
		—		4,307		—		—		4,307

December 31, 2016	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
	CNY		CNY		CNY		CNY		CNY
Trade payables		—		2,736		—		—		2,736
Other payables and accrued liabilities		—		12,075		—		—		12,075
Due to related companies		—		21,007		—		—		21,007
Due to the Shareholder		—		12,565		—		—		12,565
		—		48,383		—		—		48,383

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COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of commitments [Abstract]

Schedule of Operating Lease

At the end of the reporting period, the Group had commitments for future minimum lease payments under a non-cancellable operating lease in respect of the rented premises which fall due as follows:

	December 31,
	2016		2017		2017
	CNY		CNY		US$
Within the first year		1,337		476		73
After one year but not more than five years		1,542		—		—
Later than five years		1,063		—		—
		3,942		476		73

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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of operating segments [abstract]

Schedule of Segment Results

For the year ended December 31, 2017, the segment results were as follows:

	CNY
	Exploration and mining		Corporate activities		Total
From continuing operations:
Depreciation and amortization		5		3		8
Operating loss		258		5,946		6,204
Interest income		1		38		39
Finance costs		—		14		14
Loss for the year from continuing operations		257		5,922		6,179
Total assets		705		29,043		29,748
Total liabilities		509		44,744		45,253

	US$
	Exploration and mining	Corporate activities		Total
From continuing operations:
Depreciation and amortization	1		—		1
Operating loss	40		913		953
Interest income	—		6		6
Finance costs	—		2		2
Loss for the year from continuing operations	39		910		949
Total assets	108		4,464		4,572
Total liabilities	78		6,878		6,956

For the year ended December 31, 2016, the segment results were as follows:

	CNY
	Corporate activities		Total
	(Restated)		(Restated)
From continuing operations:
Depreciation and amortization		2		2
Operating loss		4,519		4,519
Interest income		75		75
Finance costs		1		1
Loss for the year from continuing operations		4,445		4,445
Total assets		94,793		94,793
Total liabilities		81,598		81,598

For the year ended December 31, 2015, the segment results were as follows:

	CNY
	Corporate activities		Total
	(Restated)		(Restated)
From continuing operations:
Depreciation and amortization		4		4
Operating loss		3,577		3,577
Interest income		164		164
Finance costs		2		2
Foreign exchange difference, net		354		354
Income tax expense		1,504		1,504
Loss for the year from continuing operations		5,273		5,273
Total assets		111,057		111,057
Total liabilities		128,856		128,856

Schedule of Reconciliation of Loss for the year from Continuing Operations to Net Loss

The reconciliation of loss for the year from continuing operations to net loss is as follows:

	2015			2016			2017			2017
		CNY			CNY			CNY			US$
		(Restated)			(Restated)
Loss for the year from continuing operations		(5,273	)		(4,445	)		(6,179	)		(949	)
Loss for the year from discontinued operations		(36,176	)		(18,591	)		(23,817	)		(3,660	)
Net loss		(41,449	)		(23,036	)		(29,996	)		(4,609	)

XML

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS (Tables)

12 Months Ended

Dec. 31, 2017

Notes To Consolidated Statement Of Cash Flows Tables

Schedule of changes in liabilities arising from financing activities

Changes in liabilities arising from financing activities

	Due to related companies
	CNY
At January 1, 2017		21,007
Changes from financing cash flows		12,630
Decrease arising from disposal of discontinued operations		(18,607	)
Changes from operating activities		271
Foreign exchange movement		(1,554	)
At December 31, 2017		13,747

XML

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information Of Company Tables

Schedule of non-consolidated basis

The following is the condensed financial information of the Company on a non-consolidated basis:

CONDENSED STATEMENTS OF FINANCIAL POSITION

	December 31,
	2016			2017			2017
	CNY			CNY			US$
ASSETS
NON-CURRENT ASSETS
Investments in subsidiaries		694			—			—
CURRENT ASSETS
Amounts due from subsidiaries		26,972			9,266			1,425
Cash and cash equivalents		10,678			13,912			2,138
Other receivables (Note 9(a))		—			9,377			1,441
TOTAL CURRENT ASSETS		37,650			32,555			5,004
TOTAL ASSETS		38,344			32,555			5,004
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Other payables and accrued liabilities		1,398			2,350			361
Due to the Shareholder		12,565			11,573			1,779
Due to a related party		10,766			10,028			1,541
TOTAL CURRENT LIABILITIES		24,729			23,951			3,681
TOTAL LIABILITIES		24,729			23,951			3,681
EQUITY
Issued capital		290,179			290,179			44,597
Other capital reserves		823,581			823,581			126,574
Accumulated losses		(1,089,898	)		(1,087,839	)		(167,187	)
Other comprehensive income		(10,247	)		(17,317	)		(2,661	)
TOTAL EQUITY		13,615			8,604			1,323
TOTAL LIABILITIES AND EQUITY		38,344			32,555			5,004

Schedule of profit or loss

CONDENSED STATEMENTS OF PROFIT OR LOSS

	December 31,
	2015			2016			2017		2017
	CNY			CNY			CNY		US$
Administrative expenses		(2,380	)		(3,216	)		(5,055)		(777	)
Impairment of investments in subsidiaries		(25,335	)		—			—		—
Impairment of an amount due from a subsidiary		(2,821	)		—			—		—
Dividend income		31,680			—			—		—
Interest income		130			—			—		—
Profit on disposal of a subsidiary		—			—			7,114		1,093
Profit/ (loss) before income tax		1,274			(3,216	)		2,059		316
Profit/ (loss) for the year		1,274			(3,216	)		2,059		316

Schedule of cash flows

CONDENSED STATEMENTS OF CASH FLOWS

	December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$
Net cash flows used in operating activities		(1,851	)		(2,796	)		(3,647	)		(560	)
Net cash flows from investing activities		31,681			—			7,808			1,200
Net cash flows used in financing activities		(33,210	)		(276	)		—			—
NET (DECREASE)/INCREASE IN CASH		(3,380	)		(3,072	)		4,161			640
CASH AT BEGINNING OF THE YEAR		14,484			13,062			10,678			1,641
Net foreign exchange difference		1,958			688			(927	)		(143	)
CASH AT END OF THE YEAR		13,062			10,678			13,912			2,138

XML

ORGANIZATION AND PRINCIPAL ACTIVITIES (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
Disclosure of detailed information about business combination [line items]
Net current liabilities | ¥		¥ 15,840	¥ 40,050
Total assets less current liabilities | ¥		¥ (15,510)	¥ 18,500
USD [Member]
Disclosure of detailed information about business combination [line items]
Net current liabilities | $	$ 2,440
Total assets less current liabilities | $	$ (2,380)

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Estimated Useful Life) (Details)	12 Months Ended
	Dec. 31, 2017
Non-mining related buildings [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives	8 - 35 years
Non-mining related machinery and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives	3 - 15 years
Motor vehicles [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives	4 - 8 years

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
ForeignCurrencyLineItems [Line Items]
Net current liabilities | ¥		¥ 15,840	¥ 40,050
USD [Member]
ForeignCurrencyLineItems [Line Items]
Net current liabilities | $	$ 2,440

XML

DISCONTINUED OPERATIONS (Schedule of Results of Wuhu Feishang) (Details) - CNY (¥) ¥ in Thousands	2 Months Ended	12 Months Ended
	Mar. 03, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of subsidiaries [line items]
Administrative expense		¥ (6,204)	¥ (4,519)	¥ (3,577)
Impairment loss on property, plant and equipment				(7,542)
OPERATING LOSS		(6,204)	(4,519)	(3,577)
Finance costs		(14)	(1)	(2)
Interest income		39	75	164
Loss for the year from discontinued operations, net of tax		¥ (23,817)	(18,591)	(36,176)
Discontinued operation of Wuhu Feishang [Member]
Disclosure of subsidiaries [line items]
Revenue				18,342
Cost of sales				(31,936)
Gross profit				(13,594)
Selling expenses			(23)	(31)
Administrative expense	(991)		(6,588)	(14,487)
Losses arising from temporary suspension of production	(641)		(4,073)	(830)
Reversal of write-down of inventories to net realizable value			1,744	5,474
Impairment loss on property, plant and equipment				(7,542)
Other operating income	61		393	412
OPERATING LOSS	(1,571)		(8,547)	(30,598)
Finance costs	(30)		(258)	(422)
Interest income	9		119	892
Non-operating expense, net	230		(2,267)	(106)
LOSS BEFORE INCOME TAX	(1,362)		(10,953)	(30,234)
Loss for the year from discontinued operations, net of tax	(1,362)		(10,953)	(30,234)
Gain on disposal of Wuhu Feishang	12,340
(Loss)/Profit for the period	¥ 10,978		¥ (10,953)	¥ (30,234)

XML

DISCONTINUED OPERATIONS (Schedule of The Net Assets of Wuhu Feishang) (Details) - CNY (¥) ¥ in Thousands	2 Months Ended	12 Months Ended
	Mar. 03, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2014
Net assets disposed of:
Property, plant and equipment		¥ 54,523		¥ 337
Rehabilitation fund		3,972
Inventories		10,557
Prepayments		330		39
Other receivables		6,127		10,494
Cash and cash equivalents		19,228	¥ 45,307	18,878	¥ 48,263
Trade payables		(2,736)		(215)
Other payables and accrued liabilities		(17,361)		(2,926)
Taxes payable		(22,627)		(16,792)
Due to related companies		(21,007)		(13,747)
Asset retirement obligations		(5,302)	(4,967)
Discontinued operation of Wuhu Feishang [Member]
Net assets disposed of:
Property, plant and equipment	¥ 7,613
Rehabilitation fund	3,983
Inventories	5,644
Prepayments	73
Other receivables	47
Cash and cash equivalents	18
Trade payables	(30)
Other payables and accrued liabilities	(13,303)
Taxes payable	(5,316)
Due to related companies	(5,117)
Asset retirement obligations	(4,952)
Net assets disposed of	(11,340)
Gain on disposal of Wuhu Feishang	12,340
Consideration	1,000
Satisfied by:
Cash received	¥ 1,000

XML

DISCONTINUED OPERATIONS (Schedule of net cash flows Wuhu Feishang) (Details) - CNY (¥) ¥ in Thousands	2 Months Ended	12 Months Ended
	Mar. 03, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Operating activities		¥ (14,746)	¥ (28,269)	¥ (21,569)
Investing activities		2,868	(4,936)	(435)
Financing activities		12,630	5,581	12,369
Net cash outflows		¥ 752	(27,624)	(9,635)
Discontinued operation of Wuhu Feishang [Member]
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Operating activities	¥ (2,727)		(16,632)	(42,785)
Investing activities	60		(81)	(5,927)
Financing activities	1,793		1,920	35,711
Net cash outflows	¥ (874)		¥ (14,793)	¥ (13,001)

XML

DISCONTINUED OPERATIONS (Schedule of cash flows of cash and cash equivalents Wuhu Feishang) (Details) - Discontinued operation of Wuhu Feishang [Member] ¥ in Thousands	2 Months Ended
	Mar. 03, 2017 CNY (¥)
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Cash consideration received	¥ 1,000
Less: Cash and cash equivalents disposed of	(18)
Net cash inflows from the disposal of discontinued operation	¥ 982

XML

DISCONTINUED OPERATIONS (Schedule of result of Double Grow) (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 29, 2017	Dec. 31, 2016	Dec. 31, 2015
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Administrative expenses	¥ (6,204)		¥ (4,519)	¥ (3,577)
OPERATING LOSS	(6,204)		(4,519)	(3,577)
Finance costs	(14)		(1)	(2)
LOSS BEFORE INCOME TAX	(6,179)		(4,445)	(3,769)
Loss for the year from discontinued operations, net of tax	¥ (23,817)		(18,591)	(36,176)
Discontinued operation of Double Grow [Member]
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Administrative expenses		¥ (5,966)	(3,907)	(2,099)
Other operating income/(expense), net			(3,575)	(3,836)
OPERATING LOSS		(5,966)	(7,482)	(5,935)
Finance costs		(78)	(72)	(20)
Non-operating income/(expenses), net		(840)	(84)	13
LOSS BEFORE INCOME TAX		(6,884)	(7,638)	(5,942)
Loss for the year from discontinued operations, net of tax		(6,884)	(7,638)	(5,942)
Loss on disposal of Double Grow		(27,911)
Loss for the period		¥ (34,795)	¥ (7,638)	¥ (5,942)

XML

DISCONTINUED OPERATIONS (Schedule of The net assets of Double Grow) (Details) - CNY (¥) ¥ in Thousands	Dec. 29, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net assets disposed of:
Property, plant and equipment		¥ 337	¥ 54,523
Inventories			10,557
Prepayments		39	330
Other receivables		10,494	6,127
Cash and cash equivalents		18,878	19,228	¥ 45,307	¥ 48,263
Trade payables		(215)	(2,736)
Other payables and accrued liabilities		(2,926)	(17,361)
Taxes payable		(16,792)	(22,627)
Due to related companies		(13,747)	(21,007)
Asset retirement obligations			(5,302)	¥ (4,967)
Net assets		¥ (15,840)	¥ (40,050)
Discontinued operation of Double Grow [Member]
Net assets disposed of:
Property, plant and equipment	¥ 45,442
Intangible assets	5
Inventories	5,659
Trade and bills receivables	340
Prepayments	572
Other receivables	5,962
Cash and cash equivalents	807
Trade payables	(786)
Other payables and accrued liabilities	(2,561)
Taxes payable	(621)
Due to related companies	(21,994)
Asset retirement obligations	(386)
Net assets disposed of	32,439
Exchange fluctuation reserve	3,280
Net assets	35,719
Loss on disposal of Double Grow	(27,911)
Consideration	7,808
Satisfied by:
Cash received	¥ 7,808

XML

DISCONTINUED OPERATIONS (Schedule of net cash flows Double Grow) (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 29, 2017	Dec. 31, 2016	Dec. 31, 2015
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Operating activities	¥ (14,746)		¥ (28,269)	¥ (21,569)
Investing activities	2,868		(4,936)	(435)
Financing activities	12,630		5,581	12,369
Net cash (outflows)/inflows	¥ 752		(27,624)	(9,635)
Discontinued operation of Double Grow [Member]
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Operating activities		¥ (5,796)	(11,879)	(4,913)
Investing activities		(5,823)	(4,453)	(12,061)
Financing activities		10,173	5,915	25,922
Net foreign exchange difference		(100)	303	(1,564)
Net cash (outflows)/inflows		¥ (1,546)	¥ (10,114)	¥ 7,384

XML

DISCONTINUED OPERATIONS (Schedule of cash flows of cash and cash equivalents Double Grow ) (Details) - Discontinued operation of Double Grow [Member] ¥ in Thousands	12 Months Ended
	Dec. 29, 2017 CNY (¥)
ContinuingAndDiscontinuedOperationsLineItems [Line Items]
Cash consideration received	¥ 7,808
Less: Cash and cash equivalents disposed of	(807)
Net cash inflows from the disposal of discontinued operation	¥ 7,001

XML

DISCONTINUED OPERATIONS (Schedule of Loss Per Share From The Discontinued Operations) (Details) - ¥ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Loss per share from the discontinued operations (Presented in CNY per share)
Basic	¥ (0.95)	¥ (0.74)	¥ (1.45)
Diluted	¥ (0.95)	¥ (0.74)	¥ (1.45)

XML

DISCONTINUED OPERATIONS (Schedule of loss from discontinued operations and number of ordinary shares) (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Discontinued Operations Schedule Of Loss From Discontinued Operations And Number Of Ordinary Shares Details
Loss attributable to owners of the Company from the discontinued operations	¥ (23,817)	¥ (18,591)	¥ (36,176)
Basic (in shares)	24,910,916	24,910,916	24,910,916
Diluted (in shares)	24,910,916	24,910,916	24,910,916

XML

RESTATEMENT (Schedule of Result of Disposal of Discontinued Operations) (Details) - CNY (¥) ¥ / shares in Units, ¥ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated statement of profit or loss
Administrative expenses	¥ (6,204)	¥ (4,519)	¥ (3,577)
Impairment loss on property, plant and equipment			(7,542)
Operating loss	(6,204)	(4,519)	(3,577)
Finance costs	(14)	(1)	(2)
Foreign exchange difference, net			(354)
Interest income	39	75	164
Loss before income tax	(6,179)	(4,445)	(3,769)
Income tax expense			(1,504)
Loss for the year from continuing operations	(6,179)	(4,445)	(5,273)
Loss for the year from discontinued operations	(23,817)	(18,591)	(36,176)
Consolidated statement of comprehensive income for the year:
Total other comprehensive income for the year, net of tax	1,296	(834)	410
Total comprehensive income for the year	¥ (28,700)	¥ (23,870)	¥ (41,039)
Loss per share attributable to ordinary equity holders of the Company: Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)	¥ (0.25)	¥ (0.18)	¥ (0.21)
- For loss from discontinued operations (Presented in CNY per share)	(0.95)	(0.74)	(1.45)
Total	¥ (1.20)	¥ (0.92)	¥ (1.66)
The Group (as previously reported) [Member]
Consolidated statement of profit or loss
Revenue			¥ 18,342
Cost of sales			(31,936)
Gross profit			(13,594)
Selling expenses		¥ (23)	(31)
Administrative expenses		(15,014)	(20,163)
Losses arising from temporary suspension of production		(4,073)	(830)
Reversal of write down of inventories to net realizable value, net		1,744	5,474
Impairment loss on property, plant and equipment			(7,542)
Other operating income/ (expenses)		(3,182)	(3,424)
Operating loss		(20,548)	(40,110)
Finance costs		(331)	(444)
Foreign exchange difference, net			(354)
Interest income		194	1,056
Non-operating expenses, net		(2,351)	(93)
Loss before income tax			(39,945)
Income tax expense			(1,504)
Loss for the year from continuing operations		(23,036)	(41,449)
Loss for the year from discontinued operations
Consolidated statement of comprehensive income for the year:
Total other comprehensive income for the year, net of tax		(834)	410
Total comprehensive income for the year		¥ (23,870)	¥ (41,039)
Loss per share attributable to ordinary equity holders of the Company: Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)		¥ (0.92)	¥ (1.66)
- For loss from discontinued operations (Presented in CNY per share)
Total		¥ (0.92)	¥ (1.66)
Adjustment in relation to disposal of Double Grow [Member]
Consolidated statement of profit or loss
Revenue
Cost of sales
Gross profit
Selling expenses
Administrative expenses		3,907	2,099
Losses arising from temporary suspension of production
Reversal of write down of inventories to net realizable value, net
Impairment loss on property, plant and equipment
Other operating income/ (expenses)		3,575	3,836
Operating loss		7,482	5,935
Finance costs		72	20
Foreign exchange difference, net
Interest income
Non-operating expenses, net		84	(13)
Loss before income tax			5,942
Income tax expense
Loss for the year from continuing operations		7,638	5,942
Loss for the year from discontinued operations		(7,638)	(5,942)
Consolidated statement of comprehensive income for the year:
Total other comprehensive income for the year, net of tax
Total comprehensive income for the year
Loss per share attributable to ordinary equity holders of the Company: Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)		¥ 0.31	¥ 0.24
- For loss from discontinued operations (Presented in CNY per share)		(0.31)	(0.24)
Total
Adjustment in relation to disposal of Wuhu Feishang [Member]
Consolidated statement of profit or loss
Revenue			¥ (18,342)
Cost of sales			31,936
Gross profit			13,594
Selling expenses		¥ 23	31
Administrative expenses		6,588	14,487
Losses arising from temporary suspension of production		4,073	830
Reversal of write down of inventories to net realizable value, net		(1,744)	(5,474)
Impairment loss on property, plant and equipment			7,542
Other operating income/ (expenses)		(393)	(412)
Operating loss		8,547	30,598
Finance costs		258	422
Foreign exchange difference, net
Interest income		(119)	(892)
Non-operating expenses, net		2,267	106
Loss before income tax			30,234
Income tax expense
Loss for the year from continuing operations		10,953	30,234
Loss for the year from discontinued operations		(10,953)	(30,234)
Consolidated statement of comprehensive income for the year:
Total other comprehensive income for the year, net of tax
Total comprehensive income for the year
Loss per share attributable to ordinary equity holders of the Company: Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)		¥ 0.43	¥ 1.21
- For loss from discontinued operations (Presented in CNY per share)		(0.43)	(1.21)
Total
The Group (as restated) [Member]
Consolidated statement of profit or loss
Revenue
Cost of sales
Gross profit
Selling expenses
Administrative expenses		(4,519)	(3,577)
Losses arising from temporary suspension of production
Reversal of write down of inventories to net realizable value, net
Impairment loss on property, plant and equipment
Other operating income/ (expenses)
Operating loss		(4,519)	(3,577)
Finance costs		(1)	(2)
Foreign exchange difference, net			(354)
Interest income		75	164
Non-operating expenses, net
Loss before income tax			(3,769)
Income tax expense			(1,504)
Loss for the year from continuing operations		(4,445)	(5,273)
Loss for the year from discontinued operations		(18,591)	(36,176)
Consolidated statement of comprehensive income for the year:
Total other comprehensive income for the year, net of tax		(834)	410
Total comprehensive income for the year		¥ (23,870)	¥ (41,039)
Loss per share attributable to ordinary equity holders of the Company: Basic and diluted loss per share:
- For loss from continuing operations (Presented in CNY per share)		¥ (0.18)	¥ (0.21)
- For loss from discontinued operations (Presented in CNY per share)		(0.74)	(1.45)
Total		¥ (0.92)	¥ (1.66)

XML

BUSINESS ACQUISITIONS (Schedule of net assets of Bayannaoer Mining) (Details) - Bayannaoer Mining [Member] ¥ in Thousands	Nov. 30, 2017 CNY (¥)
Statement Line Items [Line Items]
Cash and cash equivalents	¥ 631
Other current assets	361
Property, plant and equipment	336
Current liabilities	(611)
Net assets	¥ 717

XML

BUSINESS ACQUISITIONS (Schedule of An analysis of the cash flows in respect of the acquisitions) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2017 CNY (¥)
ForeignCurrencyLineItems [Line Items]
Cash consideration | ¥				¥ (9)	¥ (717)
Cash and bank balances acquired | ¥				8,973	¥ 631
Net cash flows from acquisition of subsidiaries, net | ¥		¥ (86)		¥ 8,964
USD [Member]
ForeignCurrencyLineItems [Line Items]
Cash consideration | $	$ (110)
Cash and bank balances acquired | $	97
Net cash flows from acquisition of subsidiaries, net | $	$ (13)

XML

PROPERTY, PLANT AND EQUIPMENT (Narrative) (Details) ¥ in Thousands	12 Months Ended
	Dec. 31, 2015 CNY (¥)
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss on property, plant and equipment	¥ (7,542)
Pre-tax rate to CGU	16.00%
Yangchong Mine [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss on property, plant and equipment	¥ 7,542

XML

PROPERTY, PLANT AND EQUIPMENT (Schedule of Property Plant and Equipment) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		¥ 54,523
Depreciation charge		(1,748)	¥ (2,655)	¥ (2,472)
At December 31		337	54,523
USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation charge | $	$ (269)
At December 31 | $	$ 52
Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		113,725	106,160
Acquisition of Bayannaoer Mining		335
Additions		4,208	5,023
Transfer
Disposals		(13,272)	(311)
Exchange adjustment		(2,721)	2,853
Disposal of subsidiaries		(101,114)
At December 31		1,161	113,725	106,160
Cost [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		179
Cost [Member] | Buildings [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		28,713	22,996
Acquisition of Bayannaoer Mining		43
Additions
Transfer			5,515
Disposals		(5,781)
Exchange adjustment		(104)	202
Disposal of subsidiaries		(22,828)
At December 31		43	28,713	22,996
Cost [Member] | Buildings [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		6
Cost [Member] | Mining structures and mining rights [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		33,942	33,921
Acquisition of Bayannaoer Mining
Additions
Transfer
Disposals		(4,688)
Exchange adjustment		(21)	21
Disposal of subsidiaries		(29,233)
At December 31			33,942	33,921
Cost [Member] | Mining structures and mining rights [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31
Cost [Member] | Machinery and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		7,654	7,648
Acquisition of Bayannaoer Mining		12
Additions		71	3
Transfer
Disposals		(786)
Exchange adjustment		(173)	3
Disposal of subsidiaries		(5,939)
At December 31		839	7,654	7,648
Cost [Member] | Machinery and equipment [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		129
Cost [Member] | Motor vehicles [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		7,356	7,319
Acquisition of Bayannaoer Mining		280
Additions
Transfer
Disposals		(2,017)	(311)
Exchange adjustment		(35)	348
Disposal of subsidiaries		(5,305)
At December 31		279	7,356	7,319
Cost [Member] | Motor vehicles [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		44
Cost [Member] | Construction in progress [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		36,060	34,276
Acquisition of Bayannaoer Mining
Additions		4,137	5,020
Transfer			(5,515)
Disposals
Exchange adjustment		(2,388)	2,279
Disposal of subsidiaries		(37,809)
At December 31			36,060	34,276
Cost [Member] | Construction in progress [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31
Accumulated depreciation and amortization and impairment losses [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		(59,202)	(56,770)
Depreciation charge		(1,748)	(2,655)
Disposals		12,266	301
Exchange adjustment		(199)	(78)
Disposal of subsidiaries		48,059
At December 31		(824)	(59,202)	(56,770)
Accumulated depreciation and amortization and impairment losses [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		(127)
Accumulated depreciation and amortization and impairment losses [Member] | Buildings [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		(14,605)	(13,206)
Depreciation charge		(530)	(1,415)
Disposals		5,121
Exchange adjustment		(84)	16
Disposal of subsidiaries		10,098
At December 31			(14,605)	(13,206)
Accumulated depreciation and amortization and impairment losses [Member] | Buildings [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31
Accumulated depreciation and amortization and impairment losses [Member] | Mining structures and mining rights [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		(33,608)	(33,608)
Depreciation charge
Disposals		4,688
Exchange adjustment
Disposal of subsidiaries		28,920
At December 31			(33,608)	(33,608)
Accumulated depreciation and amortization and impairment losses [Member] | Mining structures and mining rights [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31
Accumulated depreciation and amortization and impairment losses [Member] | Machinery and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		(7,541)	(7,485)
Depreciation charge		(25)	(55)
Disposals		715
Exchange adjustment		(69)	(1)
Disposal of subsidiaries		6,100
At December 31		(820)	(7,541)	(7,485)
Accumulated depreciation and amortization and impairment losses [Member] | Machinery and equipment [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		(126)
Accumulated depreciation and amortization and impairment losses [Member] | Motor vehicles [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1		(3,448)	(2,471)
Depreciation charge		(1,193)	(1,185)
Disposals		1,742	301
Exchange adjustment		(46)	(93)
Disposal of subsidiaries		2,941
At December 31		(4)	(3,448)	(2,471)
Accumulated depreciation and amortization and impairment losses [Member] | Motor vehicles [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31		(1)
Accumulated depreciation and amortization and impairment losses [Member] | Construction in progress [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At January 1
Depreciation charge
Disposals
Exchange adjustment
Disposal of subsidiaries
At December 31
Accumulated depreciation and amortization and impairment losses [Member] | Construction in progress [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Exchange adjustment
At December 31

XML

PROPERTY, PLANT AND EQUIPMENT (Net Carrying Amount) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥		¥ 337	¥ 54,523
USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $	$ 52
Net carrying amount [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥		337	54,523
Net carrying amount [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $	52
Net carrying amount [Member] | Buildings [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥		43	14,108
Net carrying amount [Member] | Buildings [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $	6
Net carrying amount [Member] | Mining structures and mining rights [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥			334
Net carrying amount [Member] | Mining structures and mining rights [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $
Net carrying amount [Member] | Machinery and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥		19	113
Net carrying amount [Member] | Machinery and equipment [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $	3
Net carrying amount [Member] | Motor vehicles [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥		275	3,908
Net carrying amount [Member] | Motor vehicles [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $	43
Net carrying amount [Member] | Construction in progress [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | ¥			¥ 36,060
Net carrying amount [Member] | Construction in progress [Member] | USD [Member]
Disclosure of detailed information about property, plant and equipment [line items]
At December 31 | $

XML

INVENTORIES (Schedule of Inventories) (Details) ¥ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
ForeignCurrencyLineItems [Line Items]
Materials and supplies | ¥			¥ 8,437
Finished goods | ¥			2,120
Inventories | ¥			¥ 10,557
USD [Member]
ForeignCurrencyLineItems [Line Items]
Materials and supplies | $
Finished goods | $
Inventories | $

XML

OTHER RECEIVABLES (Details) ¥ in Thousands, $ in Thousands		Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
ForeignCurrencyLineItems [Line Items]
Withholding social insurance | ¥			¥ 6	¥ 5
Advance to a third party | ¥			493
Input VAT | ¥			597	5,780
Petty cash | ¥				179
Deposit | ¥			21	40
Receivables in relation to the disposal of Double Grow | ¥	[1]		9,377
Others | ¥				123
Total other receivables | ¥			¥ 10,494	¥ 6,127
USD [Member]
ForeignCurrencyLineItems [Line Items]
Withholding social insurance | $		$ 1
Advance to a third party | $		76
Input VAT | $		92
Petty cash | $
Deposit | $		3
Receivables in relation to the disposal of Double Grow | $	[1]	1,441
Others | $
Total other receivables | $		$ 1,613

[1] The amount represented receivables due from Shanghai Kangzheng Investment Management Co., Ltd. amounting to CNY9.38 million (US$1.44 million) in relation to the disposal of Double Grow on December 29, 2017 as disclosed in Note 3.

XML

TRADE PAYABLES (Schedule of Trade Payables) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
ForeignCurrencyLineItems [Line Items]
Trade payables | ¥		¥ 215	¥ 2,736
USD [Member]
ForeignCurrencyLineItems [Line Items]
Trade payables | $	$ 33

XML

TRADE PAYABLES (Schedule of Aging Analysis of Trade Payables) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | ¥		¥ 215	¥ 2,736
USD [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | $	$ 33
Within 1 year [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | ¥		15	2,696
Within 1 year [Member] | USD [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | $	3
Later Than One Year And Not Later Than Two Years [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | ¥		100
Later Than One Year And Not Later Than Two Years [Member] | USD [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | $	15
Later Than Two Years [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | ¥		¥ 100	¥ 40
Later Than Two Years [Member] | USD [Member]
AgingAnalysisOfTradePayablesLineItems [Line Items]
Trade payables | $	$ 15

XML

OTHER PAYABLES AND ACCRUED LIABILITIES (Schedule of Other Payables and Accrued Liabilities) (Details) ¥ in Thousands, $ in Thousands		Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
ForeignCurrencyLineItems [Line Items]
Natural resources fee	[1]			¥ 8,294
Staff compensation fund	[2]			1,547
Social security payable	[3]		68	1,506
Payroll payable			376	1,704
Welfare payable			1	529
Advances from customers				23
Accrued expenses			2,372	1,419
Others			109	2,339
Other payables and accrued liabilities			2,926	¥ 17,361
USD [Member]
ForeignCurrencyLineItems [Line Items]
Natural resources fee | $	[1]
Staff compensation fund	[2]
Social security payable | $	[3]	10
Payroll payable | $		58
Welfare payable | $
Advances from customers | $
Accrued expenses | $		365
Others | $		17
Other payables and accrued liabilities | $		$ 450

[1] The natural resources fee represents fees payable to the PRC government and is calculated as a percentage of sales.

[2] The staff compensation fund represents one-off cash received from the PRC government to compensate employees of Wuhu Feishang through the Group for the loss of their state-sponsored pension and post-employment benefits. The fund is to be distributed to employees upon the termination of their employment with Wuhu Feishang. Wuhu Feishang is not required to make any additional contributions to the fund.

[3] The social security represents amounts payable to the PRC and Bolivia government-managed retirement insurance, medical insurance, etc.

XML

ASSET RETIREMENT OBLIGATIONS (Narrative) (Details)	Dec. 31, 2016
Wuhu Feishang [Member]
DisclosureOfAssetRetirementObligationsLineItems [Line Items]
Inflation rate	2.53%
Discount rate	9.91%
Market risk premium rate	6.09%
Antay Pacha [Member]
DisclosureOfAssetRetirementObligationsLineItems [Line Items]
Inflation rate	4.80%
Discount rate	8.42%
Market risk premium rate	6.09%

XML

ASSET RETIREMENT OBLIGATIONS (Schedule of Asset Retirement Obligations) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 CNY (¥)
ForeignCurrencyLineItems [Line Items]
At January 1, | ¥		¥ 5,302		¥ 4,967
Accretion expenses | ¥		60		311
Exchange adjustment | ¥		(24)		24
Disposal of subsidiaries | ¥		(5,338)
At December 31, | ¥				¥ 5,302
USD [Member]
ForeignCurrencyLineItems [Line Items]
At January 1, | $	$ 815		$ 763
Accretion expenses | $	9		48
Exchange adjustment | $	(4)		4
Disposal of subsidiaries | $	(820)
At December 31, | $			$ 815

XML

LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS (Schedule of Group's Loss Before Tax from Continuing Operations) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Crediting:
Interest income on bank deposits | ¥		¥ 39	¥ 75	¥ 164
Auditors' remuneration:
- Audit fee | ¥		2,000	1,480	800
Employee benefit expenses (Note 14) | ¥		697	715	591
Foreign exchange difference, net | ¥				354
Depreciation and amortization:
- Property, plant and equipment | ¥		8	2	4
Operating lease rental:
- Office properties | ¥		¥ 747	¥ 948	¥ 805
USD [Member]
Crediting:
Interest income on bank deposits | $	$ 6
Auditors' remuneration:
- Audit fee | $	307
Employee benefit expenses (Note 14) | $	107
Foreign exchange difference, net | $
Depreciation and amortization:
- Property, plant and equipment | $	1
Operating lease rental:
- Office properties | $	$ 115

XML

EMPLOYEE BENEFITS (Schedule of Employee Benefits from Continuing Operations) (Details) ¥ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of defined benefit plans [line items]
Wages, salaries and allowances | ¥			¥ 566	¥ 565	¥ 459
Housing funds | ¥	[1]		33	40	38
Contribution to pension plans | ¥	[1]		79	104	92
Welfare and other expenses | ¥			19	6	2
Total employee benefits from continuing operations | ¥			¥ 697	¥ 715	¥ 591
USD [Member]
Disclosure of defined benefit plans [line items]
Wages, salaries and allowances | $		$ 87
Housing funds | $	[1]	5
Contribution to pension plans | $	[1]	12
Welfare and other expenses | $		3
Total employee benefits from continuing operations | $		$ 107

[1] According to the PRC state regulations, the employees of the Group's subsidiaries which operate in Mainland China are required to participate in a central pension scheme operated by the local municipal government and government-sponsored housing funds. These subsidiaries are required to contribute a certain percentage of their payroll costs for those qualified urban employees to the central pension scheme as well as the housing funds.

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EMPLOYEE BENEFITS (Schedule of Employee Benefits Charged to Profit Loss from Continuing Operations) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of defined benefit plans [line items]
Total employee benefits accrued for the year | ¥		¥ 697	¥ 715	¥ 591
Amount charged to the consolidated statements of profit or loss | ¥		¥ 697	¥ 715	¥ 591
USD [Member]
Disclosure of defined benefit plans [line items]
Total employee benefits accrued for the year | $	$ 107
Amount charged to the consolidated statements of profit or loss | $	$ 107

XML

INCOME TAX EXPENSE (Schedule of Loss before income tax) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | ¥		¥ (6,179)	¥ (4,445)	¥ (3,769)
Loss for the year from discontinued operations, net of tax | ¥		(23,817)	(18,591)	(36,176)
Total loss before income tax for the year | ¥		(29,996)	(23,036)	(39,945)
USD [Member]
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | $	$ (949)
Loss for the year from discontinued operations, net of tax | $	(3,660)
Total loss before income tax for the year | $	(4,609)
PRC
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | ¥		(1,071)	(1,171)	(1,101)
PRC | USD [Member]
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | $	(165)
VIRGIN ISLANDS, BRITISH
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | ¥		(5,064)	(3,225)	(2,625)
VIRGIN ISLANDS, BRITISH | USD [Member]
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | $	(777)
HONG KONG
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | ¥		¥ (44)	¥ (49)	¥ (43)
HONG KONG | USD [Member]
Disclosure of geographical areas [line items]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | $	$ (7)

XML

INCOME TAX EXPENSE (Schedule of current and deferred components of income tax expense) (Details 1) ¥ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Current income tax expense | ¥				¥ 1,504
Deferred income tax expense | ¥
Total income tax expense for the year from continuing operations | ¥				1,504
Total income tax expense for the year from discontinued operations | ¥
Income tax expense | ¥				¥ 1,504
USD [Member]
Current income tax expense | $
Deferred income tax expense | $
Total income tax expense for the year from continuing operations | $
Total income tax expense for the year from discontinued operations | $
Income tax expense | $

XML

INCOME TAX EXPENSE (Schedule of reconciliation of the income taxes computed) (Details 2) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | ¥		¥ (6,179)	¥ (4,445)	¥ (3,769)
Loss for the year from discontinued operations, net of tax | ¥		(23,817)	(18,591)	(36,176)
Total loss before income tax for the year | ¥		¥ (29,996)	¥ (23,036)	¥ (39,945)
Tax at the statutory tax rate	25.00%	25.00%	25.00%	25.00%
Computed income tax benefit | ¥		¥ (7,499)	¥ (5,759)	¥ (9,986)
Effect of different tax rates for the Company and overseas subsidiaries | ¥		1,269	820	680
Effect of the deemed interest income | ¥				1,112
Tax losses not recognized | ¥		6,230	4,259	4,927
Deferred tax assets not recognized | ¥				3,407
Non-deductible expenses | ¥			680	972
Others | ¥				392
Income tax expense | ¥				1,504
Income tax expense from continuing operations at the effective rate | ¥				1,504
Income tax expense from discontinued operations at the effective rate | ¥
USD [Member]
LOSS BEFORE INCOME TAX FROM CONTINUING OPERATIONS | $	$ (949)
Loss for the year from discontinued operations, net of tax | $	(3,660)
Total loss before income tax for the year | $	$ (4,609)
Tax at the statutory tax rate	25.00%	25.00%
Computed income tax benefit | $	$ (1,152)
Effect of different tax rates for the Company and overseas subsidiaries | $	195
Effect of the deemed interest income | $
Tax losses not recognized | $	957
Deferred tax assets not recognized | $
Non-deductible expenses | $
Others | $
Income tax expense | $
Income tax expense from continuing operations at the effective rate | $
Income tax expense from discontinued operations at the effective rate | $

XML

INCOME TAX EXPENSE (Details Narrative) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 29, 2017	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015	Dec. 31, 2017 CNY (¥)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Applicable tax rate	25.00%		25.00%	25.00%
USD [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Applicable tax rate	25.00%
Unused tax losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax assets were recognized | ¥			¥ 10,890		¥ 9,240
Unused tax losses [Member] | Later Than One Year And Not Later Than Two Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | ¥					4,820
Expiry date description	Unused tax losses if unused, will expire by the end of 2018
Unused tax losses [Member] | Later Than Two Years And Not Later Than Three Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | ¥					1,080
Expiry date description	Unused tax losses if unused, will expire by the end of 2019
Unused tax losses [Member] | Later Than Three Years And Not Later Than Four Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | ¥					1,100
Expiry date description	Unused tax losses if unused, will expire by the end of 2020
Unused tax losses [Member] | Later Than Four Years And Not Later Than Five Year [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | ¥					1,170
Expiry date description	Unused tax losses if unused, will expire by the end of 2021
Unused tax losses [Member] | Later Than Five Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | ¥					¥ 1,070
Expiry date description	Unused tax losses if unused, will expire by the end of 2022
Unused tax losses [Member] | USD [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax assets were recognized | $	$ 1,420
Unused tax losses [Member] | USD [Member] | Later Than One Year And Not Later Than Two Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | $	$ 740
Expiry date description	Unused tax losses if unused, will expire by the end of 2018
Unused tax losses [Member] | USD [Member] | Later Than Two Years And Not Later Than Three Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | $	$ 170
Expiry date description	Unused tax losses if unused, will expire by the end of 2019
Unused tax losses [Member] | USD [Member] | Later Than Three Years And Not Later Than Four Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | $	$ 170
Expiry date description	Unused tax losses if unused, will expire by the end of 2020
Unused tax losses [Member] | USD [Member] | Later Than Four Years And Not Later Than Five Year [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | $	$ 180
Expiry date description	Unused tax losses if unused, will expire by the end of 2021
Unused tax losses [Member] | USD [Member] | Later Than Five Years [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses | $	$ 160
Expiry date description	Unused tax losses if unused, will expire by the end of 2022
HONG KONG
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Applicable tax rate	16.50%
PRC
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Applicable tax rate	25.00%		25.00%
Bolivia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Applicable tax rate		25.00%

XML

LOSS PER SHARE (Schedule of Basic and Diluted Loss Per Share) (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($) $ / shares shares	Dec. 31, 2017 CNY (¥) ¥ / shares shares	Dec. 31, 2016 CNY (¥) ¥ / shares shares	Dec. 31, 2015 CNY (¥) ¥ / shares shares
Loss for the year attributable to owners of the Company:
From continuing operations | ¥		¥ (6,179)	¥ (4,445)	¥ (5,273)
From discontinued operations | ¥		¥ (23,817)	¥ (18,591)	¥ (36,176)
Weighted average number of common shares:
Basic and diluted | shares	24,910,916	24,910,916	24,910,916	24,910,916
Loss per share - Basic and diluted:
From continuing operations | ¥ / shares		¥ (0.25)	¥ (0.18)	¥ (0.21)
From discontinued operations | ¥ / shares		(0.95)	(0.74)	(1.45)
Loss per share - Basic and diluted | ¥ / shares		¥ (1.20)	¥ (0.92)	¥ (1.66)
USD [Member]
Loss for the year attributable to owners of the Company:
From continuing operations | $	$ (949)
From discontinued operations | $	$ (3,660)
Weighted average number of common shares:
Basic and diluted | shares	24,910,916	24,910,916
Loss per share - Basic and diluted:
From continuing operations | $ / shares	$ (0.04)
From discontinued operations | $ / shares	(0.15)
Loss per share - Basic and diluted | $ / shares	$ (0.19)

XML

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Consolidated Financial Statements of Company and Subsidiaries) (Details) - CNY (¥)
¥ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Disclosure of transactions between related parties [line items]

Nominal value of issued ordinary/ registered share capital

¥ 312,081

¥ 312,081

China Coal Mining Investment Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Hong Kong

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

100.00%

Percentage of equity attributable to company indirect

Principal activities

Investment holding

FMH Corporate Services Inc. [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

United States

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

100.00%

Percentage of equity attributable to company indirect

Principal activities

Dormant

Feishang Dayun Coal Mining Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Hong Kong

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Investment holding

Feishang Mining Holdings Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

British Virgin Islands

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

100.00%

Percentage of equity attributable to company indirect

Principal activities

Investment holding

Feishang Yongfu Mining Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Hong Kong

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Investment holding

Newhold Investments Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

British Virgin Islands

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

100.00%

Percentage of equity attributable to company indirect

Principal activities

Investment holding

Pineboom Investments Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

British Virgin Islands

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

100.00%

Percentage of equity attributable to company indirect

Principal activities

Investment holding

Shenzhen Feishang Management and Consulting Co., Limited ("Feishang Management") [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Mainland China

Nominal value of issued ordinary/ registered share capital

¥ 10,000

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Provision for management and consulting services to other companies in the Group

Silver Moon Technologies Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

British Virgin Islands

Nominal value of issued ordinary/ registered share capital

¥ 1

Percentage of equity attributable to company direct

80.00%

Percentage of equity attributable to company indirect

Principal activities

Dormant

Sunwide Capital Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

British Virgin Islands

Nominal value of issued ordinary/ registered share capital

Percentage of equity attributable to company direct

100.00%

Percentage of equity attributable to company indirect

Principal activities

Dormant

Yangpu Lianzhong Mining Co., Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Mainland China

Nominal value of issued ordinary/ registered share capital

¥ 115,008

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Investment holding

Yangpu Shuanghu Industrial Development Co., Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Mainland China

Nominal value of issued ordinary/ registered share capital

¥ 1,000

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Investment holding

Yunnan Feishang Mining Co., Limited [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Mainland China

Nominal value of issued ordinary/ registered share capital

¥ 50,000

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Investment holding

Bayannaoer City Feishang Mining Company [Member]

Disclosure of transactions between related parties [line items]

Place of incorporation/registration and operations

Mainland China

Nominal value of issued ordinary/ registered share capital

¥ 59,480

Percentage of equity attributable to company direct

Percentage of equity attributable to company indirect

100.00%

Principal activities

Exploration and development of Lead Mine

XML

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Commercial Transactions with Related Parties) (Details) ¥ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of transactions between related parties [line items]
CHNR's share of office rental, rates and others to Anka Consultants Limited ('Anka') | ¥	[1]		¥ 1,316	¥ 953	¥ 918
Sales of equipment to Wuhu Industrial | ¥	[2]		1,056
Purchase of raw ore from Empressa Minera Jacha Uru S.A. ('Jacha Uru') | ¥	[3]		¥ 240	¥ 20	¥ 11
USD [Member]
Disclosure of transactions between related parties [line items]
CHNR's share of office rental, rates and others to Anka Consultants Limited ('Anka') | $	[1]	$ 202
Sales of equipment to Wuhu Industrial | $	[2]	162
Purchase of raw ore from Empressa Minera Jacha Uru S.A. ('Jacha Uru') | $	[3]	$ 37

[1] On September 1, 2013, the Company signed an office sharing agreement with Anka, a private Hong Kong company that is owned by certain directors of the Company. Pursuant to the agreement, the Company shared 119 square meters out of the total of 368 square meters of the office premises. On April 1, 2017, the Company signed an office sharing agreement with Anka which superseded all previously signed agreements between the parties, pursuant to which the Company shares 184 square meters of the total area of the office premises. The agreement also provides that the Company shares certain costs and expenses in connection with their use of the office, in addition to some of the accounting and secretarial services and day-to-day office administration services provided by Anka. In 2016, Anka's lease with the unrelated landlord was extended for two years, from July 1, 2016 to June 30, 2018.

[2] On February 22, 2017, Wuhu Feishang signed an agreement with Wuhu Industrial, controlled by Mr. Li Feilie, to dispose of certain equipment with the carrying amount of CNY1.06 million (US$0.16 million). The disposal gain was CNY0.05 million (US$0.01 million).

[3] In 2015, 2016 and 2017, Antay Pacha purchased copper ores from Jacha Uru, a copper mine located in Bolivia and controlled by Feishang Hesheng until December 29, 2017.

XML

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Group Payables with Related Parties) (Details) ¥ in Thousands, $ in Thousands		Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
Current:
Payable to related companies: | ¥			¥ 13,747	¥ 21,007
Payable to the Shareholder: | ¥			11,573	12,565
Jacha Uru [Member]
Current:
Payable to related companies: | ¥	[1]			1,298
Feishang Enterprise [Member]
Current:
Payable to related companies: | ¥	[2]		3,719	7,832
Feishang Hesheng [Member]
Current:
Payable to related companies: | ¥	[3]		10,028	11,877
Feishang Group [Member]
Current:
Payable to the Shareholder: | ¥	[4]		¥ 11,573	¥ 12,565
USD [Member]
Current:
Payable to related companies: | $		$ 2,113
Payable to the Shareholder: | $		1,779
USD [Member] | Jacha Uru [Member]
Current:
Payable to related companies: | $	[1]
USD [Member] | Feishang Enterprise [Member]
Current:
Payable to related companies: | $	[2]	572
USD [Member] | Feishang Hesheng [Member]
Current:
Payable to related companies: | $	[3]	1,541
USD [Member] | Feishang Group [Member]
Current:
Payable to the Shareholder: | $	[4]	$ 1,779

[1] Payable to Jacha Uru by Antay Pacha, for expenditure paid on behalf of Antay Pacha and the purchase of copper ores from Jacha Uru. The balance is repayable when funds are available.

[2] Payable to Feishang Enterprise by Feishang Management for the net amount of loans from Feishang Enterprise. The balance is unsecured and interest-free. The balance is repayable when funds are available.

[3] Payable to Feishang Hesheng for the acquisition of Double Grow as well as the assumption of indebtedness due to Feishang Hesheng by Double Grow. The balance is unsecured and interest-free. The balance is repayable when funds are available.

[4] Payable to Feishang Group for the acquisition of Feishang Anthracite. The balance is unsecured and interest-free. The balance is repayable when funds are available.

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RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Compensation of Key Management Personnel of Group) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of transactions between related parties [line items]
Wages, salaries and allowances | ¥		¥ 264	¥ 479	¥ 322
Housing subsidies | ¥		2		4
Contribution to pension plans | ¥		29	22	44
Total Compensation of key management personnel | ¥		¥ 295	¥ 501	¥ 370
USD [Member]
Disclosure of transactions between related parties [line items]
Wages, salaries and allowances | $	$ 41
Housing subsidies | $
Contribution to pension plans | $	4
Total Compensation of key management personnel | $	$ 45

XML

EQUITY (Narrative) (Details) ¥ in Thousands	Dec. 23, 2016 CNY (¥)
Feishang Hesheng [Member]
Waived payment due to indebtedness	¥ 55,558

XML

EQUITY (Schedule of Issued Capital) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Authorized:
Authorized 10,000,000 preferred shares, no par | ¥
Authorized 200,000,000 ordinary shares, no par | ¥
Issued and fully paid:
24,910,916 (2016: 24,910,916) common shares, no par Common shares, no par | ¥		¥ 312,081	¥ 312,081	¥ 312,081
USD [Member]
Authorized:
Authorized 10,000,000 preferred shares, no par | $
Authorized 200,000,000 ordinary shares, no par | $
Issued and fully paid:
24,910,916 (2016: 24,910,916) common shares, no par Common shares, no par | $	$ 47,963

XML

EQUITY (Schedule of Other Capital Reserve) (Details) ¥ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2017 USD ($) shares	Dec. 31, 2017 CNY (¥) shares	Dec. 31, 2016 CNY (¥) shares
Beginning Balance			¥ 13,195	¥ (17,799)
Ending Balance			(15,505)	13,195
USD [Member]
Ending Balance | $		$ (2,384)
Attributable to owners of the Company Other Capital Reserves [Member]
Beginning Balance			¥ 692,518	¥ 636,960
Beginning Balance, shares | shares		24,910,916	24,910,916	24,910,916
Deemed contribution from related party	[1]			¥ 55,558
Deemed contribution from related party, shares | shares
Ending Balance			¥ 692,518	¥ 692,518
Ending Balance, shares | shares				24,910,916
Attributable to owners of the Company Other Capital Reserves [Member] | USD [Member]
Deemed contribution from related party, shares | shares
Ending Balance | $		$ 106,432

[1] On December 23, 2016, Feishang Hesheng waived a payment of CNY55.56 million (US$8.00 million) indebtedness owed to it by Double Grow (Note 5).

XML

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Schedule of Maturity Profile of the Group's Financial Liabilities) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | ¥		¥ 215	¥ 2,736
Other payables and accrued liabilities | ¥		2,481	12,075
Due to related companies | ¥		13,747	21,007
Due to the Shareholder | ¥		11,573	12,565
Trade and other payables, total | ¥		28,016	48,383
USD [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | $	$ 33
Other payables and accrued liabilities | $	382
Due to related companies | $	2,113
Due to the Shareholder | $	1,779
Trade and other payables, total | $	4,307
On demand [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | ¥
Other payables and accrued liabilities | ¥
Due to related companies | ¥
Due to the Shareholder | ¥
Trade and other payables, total | ¥
On demand [Member] | USD [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | $
Other payables and accrued liabilities | $
Due to related companies | $
Due to the Shareholder | $
Trade and other payables, total | $
Within 1 year [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | ¥		215	2,736
Other payables and accrued liabilities | ¥		2,481	12,075
Due to related companies | ¥		13,747	21,007
Due to the Shareholder | ¥		11,573	12,565
Trade and other payables, total | ¥		28,016	48,383
Within 1 year [Member] | USD [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | $	33
Other payables and accrued liabilities | $	382
Due to related companies | $	2,113
Due to the Shareholder | $	1,779
Trade and other payables, total | $	4,307
After one year but not more than five years [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | ¥
Other payables and accrued liabilities | ¥
Due to related companies | ¥
Due to the Shareholder | ¥
Trade and other payables, total | ¥
After one year but not more than five years [Member] | USD [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | $
Other payables and accrued liabilities | $
Due to related companies | $
Due to the Shareholder | $
Trade and other payables, total | $
Later Than Five Years [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | ¥
Other payables and accrued liabilities | ¥
Due to related companies | ¥
Due to the Shareholder | ¥
Trade and other payables, total | ¥
Later Than Five Years [Member] | USD [Member]
Disclosure of maturity analysis for derivative financial liabilities [line items]
Trade payables | $
Other payables and accrued liabilities | $
Due to related companies | $
Due to the Shareholder | $
Trade and other payables, total | $

XML

COMMITMENTS (Schedule of Operating Lease) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | ¥		¥ 476	¥ 3,942
USD [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | $	$ 73
Within 1 year [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | ¥		476	1,337
Within 1 year [Member] | USD [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | $	73
After one year but not more than five years [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | ¥			1,542
After one year but not more than five years [Member] | USD [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | $
Later Than Five Years [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | ¥			¥ 1,063
Later Than Five Years [Member] | USD [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating lease | $

XML

SEGMENT INFORMATION (Schedule of Segment Results) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2017 CNY (¥)
Disclosure of operating segments [line items]
Depreciation and amortization		¥ 8	¥ 2	¥ 4
Operating loss		6,204	4,519	3,577
Interest income		39	75	164
Finance costs		14	1	2
Foreign exchange difference, net				354
Income tax expense				1,504
Loss for the year from continuing operations		6,179	4,445	5,273
Total assets			94,793	111,057	¥ 29,748
Total liabilities			81,598	128,856	45,253
USD [Member]
Disclosure of operating segments [line items]
Depreciation and amortization | $	$ 1
Operating loss | $	953
Interest income | $	6
Finance costs | $	2
Foreign exchange difference, net | $
Income tax expense | $
Loss for the year from continuing operations | $	949
Total assets | $	4,572
Total liabilities | $	6,956
Exploration and Mining [Member]
Disclosure of operating segments [line items]
Depreciation and amortization		5
Operating loss		258
Interest income		1
Finance costs
Loss for the year from continuing operations		257
Total assets					705
Total liabilities					509
Exploration and Mining [Member] | USD [Member]
Disclosure of operating segments [line items]
Depreciation and amortization | $	1
Operating loss | $	40
Interest income | $
Finance costs | $
Loss for the year from continuing operations | $	39
Total assets | $	108
Total liabilities | $	78
Corporate Activity [Member]
Disclosure of operating segments [line items]
Depreciation and amortization		3	2	4
Operating loss		5,946	4,519	3,577
Interest income		38	75	164
Finance costs		14	1	2
Foreign exchange difference, net				354
Income tax expense				1,504
Loss for the year from continuing operations		¥ 5,922	4,445	5,273
Total assets			94,793	111,057	29,043
Total liabilities			¥ 81,598	¥ 128,856	¥ 44,744
Corporate Activity [Member] | USD [Member]
Disclosure of operating segments [line items]
Depreciation and amortization | $
Operating loss | $	913
Interest income | $	6
Finance costs | $	2
Loss for the year from continuing operations | $	910
Total assets | $	4,464
Total liabilities | $	$ 6,878

XML

SEGMENT INFORMATION (Schedule of Reconciliation of Loss for the Year from Continuing Operations to Net Loss) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Disclosure of operating segments [line items]
Loss for the year from continuing operations | ¥		¥ (6,179)	¥ (4,445)	¥ (5,273)
Loss for the year from discontinued operations, net of tax | ¥		(23,817)	(18,591)	(36,176)
Loss for the year | ¥		¥ (29,996)	¥ (23,036)	¥ (41,449)
USD [Member]
Disclosure of operating segments [line items]
Loss for the year from continuing operations | $	$ (949)
Loss for the year from discontinued operations, net of tax | $	(3,660)
Loss for the year | $	$ (4,609)

XML

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (Details) ¥ in Thousands	12 Months Ended
	Dec. 31, 2017 CNY (¥)
Notes To Consolidated Statements Of Cash Flows Details
At 1 January 2017	¥ 21,007
Changes from financing cash flows	12,630
Decrease arising from disposal of discontinued operations	(18,607)
Changes from operating activities	271
Foreign exchange movement	(1,554)
At December 31, 2017	¥ 13,747

XML

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS (Details Narrative) ¥ in Thousands	12 Months Ended
	Dec. 31, 2016 CNY (¥)
Attributable to owners of the Company Other Capital Reserves [Member]
Deemed contribution from related party	¥ 55,558	[1]

[1] On December 23, 2016, Feishang Hesheng waived a payment of CNY55.56 million (US$8.00 million) indebtedness owed to it by Double Grow (Note 5).

XML

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Narrative) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
CondensedFinancialInformationOfCompanyLineItems [Line Items]
Restricted capital and reserves | ¥			¥ 63,180
USD [Member]
CondensedFinancialInformationOfCompanyLineItems [Line Items]
Restricted capital and reserves | $
Condensed [Member]
CondensedFinancialInformationOfCompanyLineItems [Line Items]
Restricted capital and reserves | ¥		11,970
Dividend Payables | ¥
Condensed [Member] | USD [Member]
CondensedFinancialInformationOfCompanyLineItems [Line Items]
Restricted capital and reserves | $	1,840
Dividend Payables | $

XML

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Schedule of Condensed Statements of FInancial Position) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2014 CNY (¥)
CURRENT ASSETS
Cash and cash equivalents | ¥		¥ 18,878		¥ 19,228	¥ 45,307	¥ 48,263
Other receivables | ¥		10,494		6,127
TOTAL CURRENT ASSETS | ¥		29,411		36,242
TOTAL ASSETS | ¥		29,748		94,793	111,057
CURRENT LIABILITIES
Other payables and accrued liabilities | ¥		2,926		17,361
Due to the Shareholder | ¥		11,573		12,565
Due to a related party | ¥		13,747		21,007
TOTAL CURRENT LIABILITIES | ¥		45,253		76,296
TOTAL LIABILITIES | ¥		45,253		81,598	128,856
EQUITY
Issued capital | ¥		312,081		312,081
Other capital reserves | ¥		692,518		692,518
Accumulated losses | ¥		(1,016,463)		(1,049,647)
Other comprehensive income | ¥		(3,641)		(4,937)
TOTAL EQUITY | ¥		(15,505)		13,195	(17,799)	23,240
TOTAL LIABILITIES AND EQUITY | ¥		29,748		94,793
USD [Member]
CURRENT ASSETS
Cash and cash equivalents | $	$ 2,901		$ 2,955
Other receivables | $	1,613
TOTAL CURRENT ASSETS | $	4,520
TOTAL ASSETS | $	4,572
CURRENT LIABILITIES
Other payables and accrued liabilities | $	450
Due to the Shareholder | $	1,779
Due to a related party | $	2,113
TOTAL CURRENT LIABILITIES | $	6,956
TOTAL LIABILITIES | $	6,956
EQUITY
Issued capital | $	47,963
Other capital reserves | $	106,432
Accumulated losses | $	(156,219)
Other comprehensive income | $	(560)
TOTAL EQUITY | $	(2,384)
TOTAL LIABILITIES AND EQUITY | $	4,572
Condensed [Member]
NON-CURRENT ASSETS
Investments in subsidiaries | ¥				694
CURRENT ASSETS
Amounts due from subsidiaries | ¥		9,266		26,972
Cash and cash equivalents | ¥		13,912		10,678	¥ 13,062	¥ 14,484
Other receivables | ¥		9,377
TOTAL CURRENT ASSETS | ¥		32,555		37,650
TOTAL ASSETS | ¥		32,555		38,344
CURRENT LIABILITIES
Other payables and accrued liabilities | ¥		2,350		1,398
Due to the Shareholder | ¥		11,573		12,565
Due to a related party | ¥		10,028		10,766
TOTAL CURRENT LIABILITIES | ¥		23,951		24,729
TOTAL LIABILITIES | ¥		23,951		24,729
EQUITY
Issued capital | ¥		290,179		290,179
Other capital reserves | ¥		823,581		823,581
Accumulated losses | ¥		(1,087,839)		(1,089,898)
Other comprehensive income | ¥		(17,317)		(10,247)
TOTAL EQUITY | ¥		8,604		13,615
TOTAL LIABILITIES AND EQUITY | ¥		¥ 32,555		¥ 38,344
Condensed [Member] | USD [Member]
NON-CURRENT ASSETS
Investments in subsidiaries | $
CURRENT ASSETS
Amounts due from subsidiaries | $	1,425
Cash and cash equivalents | $	2,138		$ 1,641
Other receivables | $	1,441
TOTAL CURRENT ASSETS | $	5,004
TOTAL ASSETS | $	5,004
CURRENT LIABILITIES
Other payables and accrued liabilities | $	361
Due to the Shareholder | $	1,779
Due to a related party | $	1,541
TOTAL CURRENT LIABILITIES | $	3,681
TOTAL LIABILITIES | $	3,681
EQUITY
Issued capital | $	44,597
Other capital reserves | $	126,574
Accumulated losses | $	(167,187)
Other comprehensive income | $	(2,661)
TOTAL EQUITY | $	1,323
TOTAL LIABILITIES AND EQUITY | $	$ 5,004

XML

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Schedule of Condensed Statements of Profit or Loss) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)
Statement Line Items [Line Items]
Administrative expenses | ¥		¥ 6,204	¥ 4,519	¥ 3,577
Profit/ (loss) before income tax | ¥		(6,179)	(4,445)	(3,769)
Profit/ (loss) for the year | ¥		(29,996)	(23,036)	(41,449)
USD [Member]
Statement Line Items [Line Items]
Administrative expenses | $	$ 953
Profit/ (loss) before income tax | $	(949)
Profit/ (loss) for the year | $	(4,609)
Condensed [Member]
Statement Line Items [Line Items]
Administrative expenses | ¥		(5,055)	(3,216)	(2,380)
Impairment of investments in subsidiaries | ¥				(25,335)
Impairment of an amount due from a subsidiary | ¥				(2,821)
Dividend income | ¥				31,680
Interest income | ¥				130
Profit on disposal of a subsidiary | ¥		7,114
Profit/ (loss) before income tax | ¥		2,059	(3,216)	1,274
Profit/ (loss) for the year | ¥		¥ 2,059	¥ (3,216)	¥ 1,274
Condensed [Member] | USD [Member]
Statement Line Items [Line Items]
Administrative expenses | $	(777)
Impairment of investments in subsidiaries | $
Impairment of an amount due from a subsidiary | $
Dividend income | $
Interest income | $
Profit on disposal of a subsidiary | $	1,093
Profit/ (loss) before income tax | $	316
Profit/ (loss) for the year | $	$ 316

XML

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Schedule of Condensed Statements of Cash Flow) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2014 CNY (¥)
Statement Line Items [Line Items]
Net cash flows used in operating activities | ¥		¥ (14,746)	¥ (28,269)	¥ (21,569)
Net cash flows from investing activities | ¥		2,868	(4,936)	(435)
Net cash flows from financing activities | ¥		12,630	5,581	12,369
NET (DECREASE)/INCREASE IN CASH | ¥		752	(27,624)	(9,635)
CASH AT BEGINNING OF THE YEAR | ¥				45,307	¥ 18,878		¥ 19,228	¥ 48,263
Net foreign exchange difference | ¥		(1,102)	1,545	6,679
CASH AT END OF THE YEAR | ¥				45,307	18,878		19,228	48,263
USD [Member]
Statement Line Items [Line Items]
Net cash flows used in operating activities | $	$ (2,267)
Net cash flows from investing activities | $	441
Net cash flows from financing activities | $	1,941
NET (DECREASE)/INCREASE IN CASH | $	115
CASH AT BEGINNING OF THE YEAR | $	2,901					$ 2,955
Net foreign exchange difference | $	(169)
CASH AT END OF THE YEAR | $	2,901					2,955
Condensed [Member]
Statement Line Items [Line Items]
Net cash flows used in operating activities | ¥		(3,647)	(2,796)	(1,851)
Net cash flows from investing activities | ¥		7,808		31,681
Net cash flows from financing activities | ¥			(276)	(33,210)
NET (DECREASE)/INCREASE IN CASH | ¥		4,161	(3,072)	(3,380)
CASH AT BEGINNING OF THE YEAR | ¥				13,062	13,912		10,678	14,484
Net foreign exchange difference | ¥		¥ (927)	¥ 688	1,958
CASH AT END OF THE YEAR | ¥				¥ 13,062	¥ 13,912		¥ 10,678	¥ 14,484
Condensed [Member] | USD [Member]
Statement Line Items [Line Items]
Net cash flows used in operating activities | $	(560)
Net cash flows from investing activities | $	1,200
Net cash flows from financing activities | $
NET (DECREASE)/INCREASE IN CASH | $	640
CASH AT BEGINNING OF THE YEAR | $	2,138					1,641
Net foreign exchange difference | $	(143)
CASH AT END OF THE YEAR | $	$ 2,138					$ 1,641