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Industry Introduction

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 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 Gold Project
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 Corporation

Vietnam Tuyen Quang Iron & Steel Co., Ltd., an “One Belt and One Road” investment project wholly-owned by Hengxing Group, is one of the first Chinese enterprises that entered Vietnam and is also one of the few iron and steel conglomerates in Vietnam with a complete industrial chain for mining, blast furnace ironmaking, converter steelmaking and steel rolling. It solved the employment problem of thousands of local people as the largest industrial enterprise in Tuyen Quan, Vietnam.The first phase project was put into use in December 2013, while the second phase was put into operation in 2017. The status of operation is in good shape for the time being.



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