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Huagang Mining world-class super-large cobalt and cobalt mine officially put into operation

November 9, 2015 15:39:30 Source: Xinhua Energy


The beneficiation plant was put into operation 13 months earlier than February 2015 and the smelter was put into operation six months early in October 2015. The pace of construction even came to visit the study of the Congolese government officials, experts at home and abroad are marveled at, praised Huagang Mining has created the construction of African mining "China's speed."

China's biggest non-energy investment in Africa ----
Huagang Mining world-class super-large cobalt and cobalt mine officially put into operation

On November 6, China Ganggang Huagang Mining Co., Ltd. (hereinafter referred to as Huagang Mining) announced in Coolidge, Congo (DRC) that the company has a world-class super-large copper and cobalt mine with a reserve of 8.68 million tons of copper Mining and dressing a project officially put into operation. The production line can handle 4.55 million tons of ore each year after production, and produce 125,000 tons of metallic copper annually.

The photo shows the head of State-owned Assets Supervision and Administration Commission of the Congolese government Luiz Mengga and Zhang Zongyan, president of China Railway Group jointly unveiling the first batch of copper cathodes for Huagang Mining. (Photo: Zhao Jiuchun)
At the request of the Congolese government and relevant parties, Huagang Mining held a production celebration ceremony on November 6 at the mine site. Zhang Zongyan, President of China Railway Group, Zhou Mangsheng, Commercial Counselor of the Chinese Embassy in Congo (DRC), and representatives of China State Construction Bank, Bank of China and Huayou Cobalt were present at the invitation. Minister of State-owned Assets Supervision and Administration of Congo (DRC), Minister of Mining, The Secretary-General and other government officials from the provinces of Rupiah and Kolwezi congratulated him.

Huagang Mining is a group of Chinese enterprises formed by China Railway Group and China Power Construction under the background of active implementation of the national "going global" strategy and investment and development of overseas mining resources. In accordance with the "Just Financial Resource Integration Package" The company co-sponsored the establishment of an international mining company. Companies registered capital of 100 million US dollars, the project total investment of 6.7 billion US dollars, is China's largest non-energy mining in Africa investment in mining enterprises.

According to the Congolese requirements, Huagang Mining held a production and assembly meeting on November 6 at the mine site. The photo shows a delegation of the Congolese government and a delegation of Chinese-funded enterprises to take a seat on the podium.
Huagang Mining project a project in April 2013 officially started. With the strong support of China Enterprise Group and China Exim Bank, Huagang Mining stepped up high-end business negotiation and construction organization to rapidly break through the power bottleneck, solve the financing problem and optimize the construction plan. All personnel overcame many difficulties such as shortage of supplies, disease raging, transportation difficulties and weak technical force in Africa. In just two and a half years, the first phase of mining and dressing and metallurgy was completed and put into operation one after another, with a much earlier production date than the design . The beneficiation plant was put into operation 13 months earlier than February 2015 and the smelter was put into operation six months early in October 2015. The pace of construction even came to visit the study of the Congolese government officials, experts at home and abroad are marveled at, praised Huagang Mining has created the construction of African mining "China's speed."
By the end of October this year, Huagang Mining Mining and Metallurgical Production Line has completed a total of 53.25 million mining and mining operations, mining 3.34 million tons of copper, cobalt mine 400,000 tons. The beneficiation plant has handled a total of 2.6 million tons of ore and produced 160,000 tons of copper concentrates. The smelter produced 5,000 tons of copper cathodes during the joint commissioning period and initially sold more than 5,000 tons of copper concentrates and achieved sales revenue of 1,800 million U.S. dollars.

Zhang Zongyan, president of China Railway Group Corp, said at the Huagang Mining Production and Putting into Celebration Conference that with the continuous advancement of Huagang's package project, it will become a milestone in the economic and trade cooperation and win-win cooperation between the two countries and it will surely become a Sino-African cooperation model. The cooperation model of Huagang project is a landmark and unprecedented initiative for both China and the Republic of China. The practice of these years also proves that the Huagang project has not only succeeded in economic cooperation between the two countries, but more importantly, has benefited the majority of the Congolese people. China Railway Group and all parties involved in the cooperation will further strengthen pragmatic cooperation with the Congolese parties at a deep level and in a wide range and give full play to the comprehensive technical strength and management advantages of Chinese enterprises in such fields as infrastructure construction and mineral resources development and accelerate their promotion Project cooperation process and make greater contribution to the economic and social development of the DRC.

Huamang Mining Co., Ltd. General Manager Sun Ruiwen speech at the ceremony to put into operation said that since its establishment in September 2008, Huagang Mining Co., Ltd. has earnestly implemented the agreement on "a package of cooperation projects" and has honored its commitment to vigorously implement the infrastructure project and signed 34 Infrastructure project agreement, the total amount of contracts completed and in operation reached 820 million U.S. dollars, completed 220 kilometers of road construction projects in the Congo and more than 90,000 square meters of buildings; the rapid promotion of mining projects, the first phase of mining, mining and smelting only took 2 and a half years It completed and put into operation in advance; focus on environmental protection, included in 69 million US dollars investment devoted to environmental protection projects, and has been gradually implemented; vigorously promote the Congolese employment, strengthen the training of employees, the number of employees reached just over 3,000, As a result, 78% of our employees are localized. We have actively fulfilled our social responsibilities and shared the fruits of development with the people around the mines. 35 charity projects have been implemented in Kolwezi, with a total donation of more than 2.6 million U.S. dollars, benefiting many Congolese people.

It is reported that the early start-up of Huagang Mining not only created considerable direct and indirect benefits, but also created China's speed of mining construction in Africa in the DRC and established China as the rapid development of African mining, especially the DRC. The spirit and the Chinese banner have become the bright spots and role models for Chinese enterprises to go out. Moreover, the company has realized its own hematopoietic function and reduced the investment risk. For the Democratic Republic of the Congo and even Africa, the Huagang project has brought along technical, financial and economic power as well as a large number of employed people. It has been highly praised by the Congolese President, the Prime Minister, government officials and representatives of the United Nations Programs and the International Monetary Fund It is of great significance to further deepening friendship with China and expanding bilateral cooperation in the past.

https://translate.google.com.au/tra...nergy/2015-11/09/c_1117084594.htm&prev=search





HuaYou aslo owns 1& of Huagang Mining Co., Ltd (Sicomines).

Currently, Dathomir owns 10% of Manono Project, AVZ owns 60% of Manono Project and 100% Manono Extension Project. HuaYou owns 10.4% of AVZ and 16.5% of AVZ if they exercised the 10c options on a fully diluted basis.



Huagang Mining Co., Ltd (Sicomines). is a Chinese enterprise group composed of China Railway Group and China Power Construction. With the strategy of "going global" and investing and developing overseas mining resources, the Chinese Conglomerate, in accordance with the principle of "resource, capital and economic growth Package cooperation model "for the establishment of an international mining company in Lubumbashi, Democratic Republic of the Congo. Companies registered capital of 100 million US dollars, the project total investment 6.7 billion US dollars. At present, China Railway Group holds 41.72%, China State Construction 25.25%, Zhejiang HuaYou 1%, Gangang(DRC) 32%.

http://www.sicomines.com/cn/MainNews.aspx?NodeId=A2101&ParentId=A210