Securities code: 000762 securities abbreviation: Tibet Mineral Development Co.Ltd(000762) No.: pro 2022-001 Tibet Mineral Development Co.Ltd(000762) investor (institution) relationship activity record
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
□ media interview □ analyst meeting
Research on specific objects of investor relations activities □ performance description meeting
□ press conference □ Roadshow
□ site visit □ others
Name and personnel of participating units
Name of institutional investor (see Annex for detailed list of participants)
Time: 10:00-18:00, January 6, 2022
Place: company conference room
Chief financial officer: Xu Shaobing
Reception personnel of listed companies
Director of production technology department: Yan Rudong
full name
Director of human resources department: Wang Xin
1. Background and process of this reserve verification
This reserve verification is mainly based on two considerations: first, the company needs to renew the mining right when it expires in May this year, and the latest reserve verification report must be provided for the renewal of mining right; Second, the company plans to adjust the equity of Zabuye, Tibet, and make pricing according to the resource evaluation report.
The published value is based on the exploration reserves made by academician Zheng mianping in that year minus the exploitation over the years and the investor relationship. After the review of relevant experts in the autonomous region, the Zabuye Salt Lake is relatively closed and inactive. The main content introduces the outflow of brine. Therefore, the published value is based on the last exploration reserves minus the exploitation over the years.
2. It is rumored that the economic development in Tibet has been tightened. What is the attitude of the autonomous region towards the development of salt lakes
At present, from our enterprise experience, the autonomous regional government attaches great importance to economic development and actively supports the company’s Salt Lake development. It hopes to take the development of Zabuye Salt Lake as a benchmark project to drive the construction of “lithium city” in Shigatse. 3. Company capacity planning
1) In terms of lithium salt, the original solar pond of Zabuye Salt Lake phase I plans to continue to increase production capacity as much as possible (grade 50-70% lithium concentrate); The EPC + O contract of phase II 12000 ton lithium carbonate project has entered the preliminary preparation, and it is expected to start in April 2022 and put into operation in September 2023; In addition, the company signed a 100 ton lithium hydroxide pilot test contract with Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) . After the pilot test is successful, the construction of 10000 ton lithium hydroxide project will be considered later. 2) In terms of chromite, the 150000 ton expansion and transformation has entered the design stage, and the construction will be started in 2022. 4. What are the reasons for the reduction of Tibetan Chinese industry and trade and whether the equity of Tibet Mineral Development Co.Ltd(000762) controlling shareholders has dilution risk
1) About the reduction: the reduction is mainly to deal with the problems left over by history, and the company has issued an announcement for detailed explanation. 2) On the shareholding ratio of controlling shareholders: the goal of controlling shareholders is to maintain the current equity of about 20%. 5. Whether the resources and environment around the salt lake can support the company’s capacity target of 30000 tons
The expansion conditions of Zabuye Salt Lake are good, with large flat land around it; According to the existing dynamic balance of lake water capacity and lithium concentration, it is feasible for the company to produce 30000 tons of capacity; There is a fresh water lake near Zabuye Salt Lake, which is not short of fresh water resources. 6. Are there other potential Salt Lake projects in Tibet
The Tibet Autonomous Region is rich in salt lake resources. According to our understanding, there are more than 20 with economic value, and the total reserves may exceed more than 20 million tons of LCE. However, due to the high altitude and imperfect public and auxiliary facilities in Tibet, the follow-up development is facing challenges; State owned enterprises have the advantage of resource synergy. 7. Production cost of lithium salt and chromite of the company
The cost has also been announced before, as follows: 1) the unit production cost of lithium concentrate is about 10000 yuan / ton; 2) The unit production cost of chromite is 572 yuan / ton, and the full cost is 792 yuan / ton; 3) The full cost of lithium carbonate is 24000 yuan / ton (after the income of by-product potassium fertilizer offsets the cost of lithium carbonate). 8. Who is responsible for the construction of photovoltaic photothermal project and how much capacity can it support now
The bid winner of the energy supply project is Tibet Energy Co., Ltd. of the state power investment group. The bid winning amount is: the electricity price is 0.819 (yuan / kWh, including tax), and the power generation capacity supports the 12000t lithium salt production capacity of Zabuye phase II. In the later stage, there is the possibility of national power grid coverage. If the power grid construction can not keep up with the company’s capacity construction
In case of planning, the company will consider other ways to solve the power problem.
9. Will future projects continue to adopt EPC + O mode
It is not ruled out that the EPC + O mode will be used for project development and operation. Of course, with the improvement of Tibet Mineral Development Co.Ltd(000762) own ability, for example, we have sufficient strength in engineering management, equipment procurement, technology research and development, we may also adopt other cooperation modes.
10. Is there any new resource integration in Tibet
The autonomous region is still promoting relevant work, and there is no substantive progress at present.
Date: January 6, 2022
enclosure:
Serial number name unit
1 Wang Qi Guosheng securities
2 mayue Guosheng securities
Third party jianyinhua fund
4 Wang Peng Taida Manulife fund
5 Wu Chao South Fund
6 Zou Lihu Jingshun Great Wall
7 Yang Rui wenjingshun Great Wall
8 Zeng Yingjie Jingshun Great Wall
9 Dong Han Jingshun Great Wall
10 Zhao Zhihao enters finance and Economics
11 he Huaizhi investment management
12 Zhu Jiawei Shanghai Baoyin private equity fund Co., Ltd
13 Liu Shuai Jiashi Fund Management Co., Ltd
14 Wang kaihong road investment
15 Guo Chen Shanghai Investment Morgan Fund Management Co., Ltd
16 Wu Huayu Fuguo fund
17 Zhangyan Taida Manulife Fund Management Co., Ltd
18 Ren Jingnan
19 sun Yili Dongxing fund
20 Chenlong Windsor capital
21 Wu Wei Beijing Chengsheng Investment Management Co., Ltd
22 Wang longzhikai investment
23 Dong Boya Minsheng Securities Co., Ltd
24 Liu Lijie BAOYING
25 zhanghang Minsheng Securities Co., Ltd
26 Liu Fei Zhongou Ruibo Investment Management Co., Ltd
27 Cai wenxinyuan Fund Management Co., Ltd
28 Zheng Qiongxiang Shenzhen fir assets
29 Gaobing Chinese business fund
30 Li Xuefeng Hong Kong jinghuashan international QFII
31 Shek Jiong red earth Innovation Fund
32 Chen Bo Zheshang fund
33 Cao Xiang West Lide
34 Wei Gang, Agricultural Bank of China
35 Mao Xiaoguang Jinyuan securities asset management
36 Zhao WuFan Debang fund
37 Jia Jiahua life insurance
38 Qiu Zuxue Minsheng Securities Co., Ltd
39 Changning Huashang fund
40 Liu Xiaohua Minsheng Securities Co., Ltd
Wei Xiaokang
42 fan Mingyue Asset Management Co., Ltd
43 Lujia Shanghai Yimin Investment Management Co., Ltd
44 Deng Shengjun Donghai Fund Management Co., Ltd
45 Yu Jiangyong Fuguo fund
46 gaopengxingyin Fund Management Co., Ltd
47 Shiliang Guohua life insurance
48 Cao te Founder Securities Co.Ltd(601901)
49 Huang Yujin Shanghai senjin Investment Management Co., Ltd
Zhai Xu Shanghai Investment Morgan Fund Management Co., Ltd
51 Xu Zhihua guolian’an Fund Management Co., Ltd
52 he Yizhen, Yuan Lesheng
53 Yang Bin Huaxia jiuying Asset Management Co., Ltd
54 Zhao Xiaoyuan Zhongrong trust
55 Wang Jing
