Tang Wenbin, vice president of Hanwang China and director of Hanwang Australia, said at the media exchange meeting on April 26: “in 2022, the company plans to produce 800000 tons of high-purity iron.”
China Hanwang is a material supplier in the new energy industry, and is also engaged in the development of gold projects in Australia. “In the next 2-3 years, the operation of the gold mine project will bring a new growth pole for the company’s performance.” Zhang Jing, Secretary of the board of directors of Hanwang, said.
Relying on its own iron ore resources, the nodular cast iron for wind power produced by the company is of excellent quality. Statistics show that the grade of iron concentrate produced by Hanwang’s own mine in China is more than 68%, and the annual production capacity of high-purity iron is 930000 tons.
In 2021, the company achieved an operating revenue of 3.127 billion yuan; The net profit was 659 million yuan, a year-on-year increase of 74.55%. For the significant increase in net profit, China Hanwang said that it was mainly due to the increase in gross profit per ton of high-purity iron and the increase in the average selling price of iron concentrate, and the company continued to create value through technological innovation and extending the value chain.
The annual report disclosed that in 2021, the revenue of the company’s high-purity iron sector accounted for 79.64% of the total revenue, and more than 85% of the ductile iron products produced by the company were sold to downstream wind power casting enterprises.
The management of the company said at the media exchange meeting that from the perspective of the “14th five year plan” of the wind power industry, the installed capacity in the future will still maintain rapid growth, and the production capacity of the company’s nodular cast iron products will be gradually released this year and next to meet the incremental demand of the market.
The company’s 2021 annual report also disclosed that through exploration, the resource of MT Bundy gold project, the core asset of the company’s gold mining business, increased by about 67% compared with that acquired in 2018, exceeding 3 million ounces.
At the same time, through the innovation of gold beneficiation process, the beneficiation recovery rate of rustlers root open-pit gold deposit, the core project of MT Bundy gold project, has increased to 91%. The company said that the high gold recovery rate means that the operating cost per ounce of gold can be reduced by about 4% and the total gold production can be increased by about 4%.
