The mining sector of Hengxing Group energetically sets up a diversified mining development platform. Following the principle of "domestic layout and overseas expansion", the Group has branched out its mining projects in provinces like Xinjiang, Henan, Sichuan, Shandong and Fujian, and actively extended its business abroad—engagement in the projects of steel development and smelting in Vietnam Smelting, and unswervingly searching for mineral resources in other countries and regions. Currently, the Group has been authorized the rights to explore and exploit gold, iron, molybdenum, lead, zinc and other metal resources. In 2014, Hengxing Gold Holdings Limited (responsible for the Xinjiang Jinchuan Gold Project) was successfully listed on the Hong Kong Stock Exchange.
Hengxing Gold Holdings COMPANY Limited
Hengxing Gold Holding Company Limited, founded in 2012, is one of owns emerging gold mining entities in China, with major business covering gold mining, manufacturing and exploration. The company owns and runs Jinshan Gold Mine, the largest gold mine of Xinjiang, in terms of rated annual mining capacity and expected gold production (at full mining capacity). It has been listed on the Main Board of the Hong Kong Stock Exchange since May 29, 2014 (stock code: 2303).
Xinjiang Jinchuan Mining Co., Ltd
Xinjiang Jinchuan Mining Co., Ltd, established in 2003, is a wholly-owned subsidiary of Hengxing Gold Holdings Co., Ltd, with main business covering gold exploration, mining, mineral processing, smelting and sales. Jinshan Gold Mine is the largest gold mine in Xinjiang. Since the start of production, Xinjiang Jinchuan Mining Co., Ltd has been unswervingly working on improved technology to increase the yields of ore and gold and trying every effort to reduce costs. Its annual profit has exceeded RMB 300 million yuan.
Vietnam Tuyen Quang Steel Co., Ltd
Henan Luanchuan Hengyu Mining Co., Ltd
Luanchuan Hengyu Mining Co., Ltd. was established in 2006. It is a subsidiary company of Xiamen Hengxing Group Holding Company. Its registered capital is 250 million yuan. The main business includes the exploration of molybdenum mineral resources, the sale of molybdenum concentrate powder, and the comprehensive utilization of sand and stone，as well as their processing and sale. After the completion of the project, it will have a great competitive advantage in the same type of mining enterprises. The production line of sand and aggregate processing will be completed and put into operation by the end of 2019. And the mineral processing line of molybdenum will be completed and put into operation in the first quarter of 2020.
SHANDONG YANTAI JINHAI MINING PROJECT owning the exploration rights of 4 mining sites, scattered in the area of Qixia, Yantai, Shandong Province;
SICHUAN NEW TIANWEI MINING PROJECT mainly focusing on the development of Dama Chijue copper and gold mine in Pazhang County of Sichuan;
ANXI MINING PROJECT OF SOUTHEAST FUJIAN owing the exploration rights of 1 mining site, mainly for the project of lead-zinc mine in Yanshan Mountain of Anxi’s Gande town.
Hengxing concerned
