Long Ziping has stepped down at his legal retirement age and general manager Zheng Gaoqing will take over the top position in the integrated copper producer.
Iron ore sinks below $130 for the first time in 148 trading days and coking coal breaks long-held industry rule of thumb and dips below the iron ore price.
China increased imports of iron ore 10% last year to 820m tonnes, but a bigger jump in stockpiles and a flood of new supply have pushed prices down 3% this year.