Baoshan Feilong Nonferrous Metal Co., Ltd., a wholly-owned subsidiary of the Group, is located at Hetaoping, Wayao Town, Longyang District, Baoshan City of Yunnan Province, and principally engaged in the exploration, mining, processing and sale of nonferrous metals resources including lead, zinc and copper.
The total investment of the company amounted to RMB69million, with a registered capital of RMB34.5million. The Hetaoping Mine of the company has an area of 5.0095 square kilometers. Currently, the resources exploration work has achieved significant progress and the new reserves will be recognized upon completion of assessment and examination by the competent authority. The processing plant has three production lines, which can process 1200 tons of ores per day.
The company is a major enterprise in Baoshan City with good corporate image. It has been awarded “Baoshan Advanced Enterprise with Foreign Investment”, “Advanced Enterprise with Operational Target Management for Industrial Economy”, “Top Enterprise with Operational Target Management for Industrial Economy”, “Advanced Company in New Rural Construction under the Socialism”, “Joint Construction of New Village by Hundreds of Enterprises and Village ”, “Advanced Company of Production Safety”, “Advanced Company in Treatment of Industrial Pollutant Source” by production safety management departments in local and provincial governments.
The company is speeding up its steps in exploring resources, optimizing production processes of processing plant, maximizing utilization level of resources, and adopts “safe development and scientific development”, in order to become a more sizeable, premium and competitive enterprise.