Zhaojin Mining Industry Co., Ltd.Website
Zhaojin Mining Industry Co., Ltd. (stock code: HK 1818) was jointly established by Shandong Zhaojin Group Company Limited, Shanghai Fosun Industrial Investment Co., Ltd., Shanghai Yuyuan Tourist Mart Co., Ltd., Shenzhen Guangxin Investments Co., Ltd.* and Shanghai Laomiao Gold Co., Ltd. under the approval of the People’s Government of Shandong Province. The Company was incorporated as a joint stock limited company and registered in the People’s Republic of China (PRC) on April 16, 2004. It was listed on the Main Board of the Stock Exchange of Hong Kong Limited (HKSE) on December 8, 2006.
The Company is a comprehensive large-scale enterprise which integrates exploration, mining, mineral processing, smelting and market operations into one and is engaged in the development of the gold industry.
It is China's leading gold producer and one of China's largest gold smelting companies. Its principal products are standard Au9999 and Au9995 gold bullions. Its main production technologies and facilities lead in China and reach international advanced levels.
The Company is located in Zhaoyuan City, Shandong Province, in the Jiaodong peninsula. Zhaoyuan has abundant resources and unique geological location. It has a long history of gold exploration and production. According to the statistics provided by the China Gold Association, gold resources in Zhaoyuan account for approximately 10% of the remaining gold resources in the PRC. Zhaoyuan is the largest gold production base and has the largest gold production in the PRC, so it is named “Gold Capital of China” by the China Gold Association.
In recent years, the Company has insisted on focusing on gold mining, adhered to technology leadership and management innovation and kept strengthening the Company’s technological and cost advantages in the gold production field. As a result, the Company has increased its gold reserves, gold production and corporate efficiency year after year. The Company has a number of subsidiaries, joint ventures and associates nationwide, with operations in all major gold production regions in the PRC. As of 31 December 2016, in accordance with the standard set out in the Code of the Joint Ore Reserves Committee in Australia (the “JORC”), the Company had owned approximately 39.7229 million ounces of gold ore reserves and approximately 17.645 million ounces of recoverable gold reserves.
Looking ahead, the Company will continue to adhere to the strategy of “Continuous Resources Supports Our Prospective Future”. With a favorable geological location, abundant resources, leading technologies and innovative management model, the Company will be committed to the pure gold production and will continuously increase its gold reserves and gold production while proactively participating in the consolidation and development of domestic and overseas gold resources. The Company will strive to attain continuous growth in the profit and become one of China’s top and the world’s leading gold production enterprises and repay the shareholders and the society with the best results.
*On 31 August 2009, Zhaoyuan State-owned Assets Operation Ltd. successfully acquired a total of 42,400,000 domestic shares of the Company held by Guangxin Investment, representing approximately 2.86% of the entire issued share capital of the Company.
Shandong Zhaojin Group Zhaoyuan Gold Smelting Co., Ltd.Website
Established in June 1983, Shandong Zhaojin Group Zhaoyuan Gold Smelting Co., Ltd. (formerly Zhaoyuan Gold Smelter) is the first professional gold smelting enterprise in China. The Company occupies 144,800 square meters, with 163 employees, including 36 professional and technical personnel. Since 2011, the Company has gradually changed the model of pure management and invested in the low-grade multi-element project of comprehensive utilization. The project has won the title of "Major demonstration project in resource conservation and environmental protection" from the former State Economic and Trade Commission. After completion, the project is able to process various types of 500 tons of gold concentrate, with annual output of 2500kg of gold, 1.65 tons of silver, 50,000 tons of industrial sulfuric acid, and 140,000 Cubic of copper precious liquid, and with baking, cyanidation, multi-element recovery, and other advanced technology.
The holding subsidiary Shandong Guoda Gold Co., Ltd. now handles 1,200 tons of all kinds of concentrates such as gold, silver and copper. It has branches including the first gold smelting company, the second gold smelting company, the third gold smelting company, sulfuric acid and power generation company, as well as gold and silver refining company. It has direct cyanidation, roasting cyanidation, two-section roasting, extraction electrowinning, tailings acid-making, waste heat power generation, wet alchemy, wet refining of copper, tailings multi-element recovery and other domestic advanced technology. In recent years, it has won more than 20 provincial and ministerial level awards for scientific and technological achievements, of which "the research and application of multi-element new technology system for the extraction of complex gold-bearing minerals without scrap" won the second prize for national scientific and technological progress; and the "Comprehensive utilization of low grade co-associated gold deposit "project won the title of "Major demonstration project in resource conservation and environmental protection" from the former State Economic and Trade Commission and selected into the Torch Program project of the national Ministry of Science and Technology. The "Research and application of multi-element technology for co-associated gold-bearing minerals" won Ten Major Scientific and Technological Achievements Award in Shandong, "Research and application of the non-waste key technology integration of complex gold concentrate" and "Research and application of sawdust xanthate process for treating heavy metal ion wastewater in gold smelter" respectively won the special prize and the first prize for science and technology of China Gold Association, and "Comprehensive utilization of residual heat in gold smelting" won the second prize for scientific and technological progress of China Gold Association. In 2005, Guoda Company’s experience and products in developing circular economy were recommended by 13 ministries and commissions including the National Development and Reform Commission to exhibit at the Constructing Saving Society Exhibition held in Beijing Convention and Exhibition Center. Guoda Company is a high-tech enterprise in Shandong Province, is included in the 50 key enterprises in Yantai City, and is a city-level technology center in Yantai City. Zhaoyuan Hua Tang Trading Co., Ltd., a wholly-owned subsidiary, is mainly engaged in the import business of precious metal ore, non-ferrous metal ore.
In recent years, in order to maximize the comprehensive recycling of the limited resources and then to achieve international development strategy, relying on its strong financial strengths and core technologies, the Company has completed the comprehensively utilized low-grade multi-element project of first phase with the daily capacity of 200T. It was formally put into operation in July 2013, and has been in good condition ever since.