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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2018

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			Place of incorporation / registration and operations				Direct		Indirect		Principal activities
	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			BVI		—		100		—		Investment holding
	Feishang Yongfu Mining Limited			Hong Kong		—		—		100		Investment holding
	Newhold Investments Limited			BVI		—		100		—		Investment holding
	Pineboom Investments Limited			BVI		—		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			BVI		1		80		—		Dormant
	Sunwide Capital Limited			BVI		—		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 Limited			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,
		2016				2017				2018				2018
		CNY				CNY				CNY				US$
	Notes
CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”)	i		953				1,316				1,442				210
Sales of equipment to Wuhu Industrial	ii		—				1,056				—				—
Purchase of raw ore from Empressa Minera Jacha Uru S.A. (“Jacha Uru”)	iii		20				240				—				—
Feishang Management 's share of office rental to Feishang Enterprise	iv		—				—				166				24

(i)

On April 1, 2017, the Company signed an office sharing agreement with Anka, a private Hong Kong company that is owned by two Directors of the Company, 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 2018, Anka’s lease with the unrelated landlord was extended for two years, from July 1, 2018 to June 30, 2020.

(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. The disposal gain was CNY0.05 million.

(iii)

In 2016 and 2017, Antay Pacha purchased copper ores from Jacha Uru, a copper mine located in Bolivia and controlled by Feishang Hesheng.

(iv)

On January 1, 2018, Feishang Management signed an office sharing agreement with Feishang Enterprise, a related company controlled by Mr. Li Feilie. Pursuant to the agreement, Feishang Management shared 40 square meters of the office premises. The agreement was valid for 33 months from January 1, 2018 to September 30, 2021.

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,
		2017				2018				2018
		CNY				CNY				US$

Current:
Payable to related companies:
Feishang Enterprise (1)			3,719				4,041				587
Feishang Hesheng (2)			10,028				—				—
			13,747				4,041				587
Payable to the Shareholder:
Feishang Group (3)			11,573				6,973				1,014

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

———————

(1)

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 the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

(2)

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 as at December 31, 2017 was repaid during 2018.

(3)

Payable to Feishang Group for the acquisition of Feishang Anthracite. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

Schedule of Compensation of Key Management Personnel of Group

Compensation of key management personnel of the Group


		Year Ended December 31,
		2016				2017				2018				2018
		CNY				CNY				CNY				US$

Wages, salaries and allowances			479				264				580				84
Housing subsidies			—				2				16				2
Contribution to pension plans			22				29				75				11
			501				295				671				97