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RELATED PARTY BALANCES AND TRANSACTIONS | 12 Months Ended
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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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