Tibet Huayu Mining Co.Ltd(601020) 4 disclosed on the evening of April 14 that the kangqiaoqi antimony gold mine project invested and constructed by the company’s joint venture Tajik aluminum and gold industry closed joint stock company (hereinafter referred to as “Tajik aluminum and gold industry”) in Tajikistan has met the production conditions and was put into operation recently. It is estimated that the annual ore processing capacity is 1.5 million tons, with an annual output of 16000 metal tons of antimony and 2.2 metal tons of gold ingots. After the completion of the project, Tibet Huayu Mining Co.Ltd(601020) will control nearly 15% of the global antimony supply.
Disclosure shows that Tibet Huayu Mining Co.Ltd(601020) 2017 signed a joint venture contract with the wholly state-owned enterprise (Tajikistan) of “Tajik aluminum company”, obtained 50% equity of Tajik aluminum industry through direct investment, and jointly developed and operated the mineral resources owned by Tajik aluminum industry.
Tibet Huayu Mining Co.Ltd(601020) insists on making small metal antimony strategic resources into high-quality resources with high identification of the company. At present, the controllable antimony resources of the company have reached 434600 metal tons. After the completion of Kangqiao Qi antimony gold mine project, the company will produce 21000 tons of metal antimony every year, which will control nearly 15% of the global antimony metal supply, and will have a certain impact on the pricing power and decision-making power of the company in the global antimony industry in the future.
The company said that after the project is completed, it will further expand the company’s business scale, improve profitability and anti risk ability, which is of great significance for the company to obtain high-quality mineral projects in Tajikistan in the future, and lay a solid foundation for the company’s sustainable and good development in Tajikistan. As one belt, one road initiative continues to advance in Central Asia, the company will strengthen cooperation with mineral resources and technology in the countries along the border and Central Asia, closely follow the national development strategy, effectively bring into play the comprehensive competitive advantage of enterprises and the regional advantages of the project of the Cambridge gold mine, and continue to develop potential mining projects, and give priority to the development of gold, silver, copper, lead, zinc and antimony. Further improve the company’s anti risk ability and profitability.
According to the performance pre increase announcement previously disclosed by the company, due to the sharp rise in the prices of the company’s main products such as zinc concentrate over the same period of last year, Tibet Huayu Mining Co.Ltd(601020) it is estimated that the net profit attributable to the shareholders of the listed company will be 145 million yuan to 185 million yuan in 2021, with a year-on-year increase of 100.33% to 155.59%.
