China's Zhongrong Xinda Group holds businesses in the investment, energy, chemical and mineral resources sectors. Among its subsidiaries are investment entity Zhongrong Financial Holding Group, energy company Shandong Logistics Group and chemical-energy companies Tiexiong Metallurgy, Tiexiong Xinsha and Foundry Coking Company. The company was founded in 2003 and has a head office in Qingdao city. In 2016 Zhongrong Xinda acquired Jinzhao Mining Peru S.A, owner of the Pampas de Pongo gold-copper-iron project. Following the acquisition, the company created Zhongrong Xinda (Qingdao) Mineral Resources S.L. develop the project.