Jin'an Mining's 9-series Permanent Magnet Ferrite Ultra-pure Iron Powder Pre-sintered Material Project Goes into Operation

On June 7, Nanjing Iron & Steel Group Co., Ltd. (NISCO) and Huoqiu County held a "15th Five-Year Plan" local government-enterprise cooperation exchange meeting at Jin'an Mining. Huo Shaobin, member of the Standing Committee of the Lu'an Municipal Party Committee and Secretary of the Huoqiu County Party Committee, and Huang Yixin, Secretary of the Party Committee and Chairman of NISCO, attended and delivered speeches. The meeting was chaired by Wei Nengwu, Deputy Secretary of the Huoqiu County Party Committee and County Magistrate.

Mao Lingxia, Deputy County Magistrate of the Huoqiu County People's Government, heads of departments including the Huoqiu Economic Development Zone, the Huoqiu County National Development and Reform Commission (NDRC), the Huoqiu County Bureau of Industry and Information Technology, the Huoqiu County Bureau of Natural Resources, and Fanqiao Town, Wang Haiyong, member of the Standing Committee of the Party Committee and Secretary to the Board of Directors of CITIC Pacific Special Steel Group Co., Ltd., and Shao Renzhi, Vice President and Chief Investment Officer of NISCO and President of the New Industry Investment Group, also attended the meeting.

Shang Wenhu, General Manager of Huoqiu County Limin Company, and Xu Weizhuo, Chairman and General Manager of Jin'an Mining, signed the transfer contract for the Fanqiao Iron Mine exploration right project. Jin'an Mining introduced the strategic development plan for the "15th Five-Year Plan."

Huo Shaobin pointed out that the successful signing of the Fanqiao Iron Mine project is an important achievement of the joint efforts and shared vision for development between the local government and the enterprise. It will strongly promote the complementary advantages and resource sharing between the local government and the enterprise, inject strong momentum into further optimizing, strengthening, and expanding Jin'an Mining, and provide solid support for the high-quality economic and social development of Huoqiu County. All departments at various levels in the county should further strengthen safeguard measures, optimize service mechanisms, and strive to create a first-class business environment. It is necessary to improve the regular communication mechanism between the government and enterprises, implement a list-based management of services, efficiently and precisely promote the implementation of enterprise-benefiting policies, and provide solid guarantees for deepening the strategic cooperation between the local government and enterprises.

Huang Yixin stated that Jin'an Mining achieved multiple historical operating indicators in 2024, opening up a new pattern of dual-main-business-driven development. The signing of the transfer contract for the Fanqiao Iron Mine exploration right has fulfilled NISCO's long-held aspiration for sustainable development in Huoqiu. He expressed heartfelt gratitude to the successive leadership teams that have supported the development of Jin'an Mining over the years. In recent years, Huoqiu's business environment has continued to improve, and the efficiency of government services has been constantly enhanced, actively addressing the concerns and difficulties of enterprises. NISCO Group and Jin'an Mining will live up to expectations, fulfill their missions, and take the lead, committed to building a world-class technology-oriented excellent enterprise and contributing new "NISCO strength" to the high-quality economic and social development of Huoqiu County.

Accompanied by Huang Yixin and others, Huo Shaobin and his delegation conducted in-depth surveys and provided guidance at the Jin'an Mining Smart Center.

On the same day, Jin'an Mining held the commissioning ceremony for the 9-series permanent magnet ferrite ultra-pure iron powder pre-sintered material project. Huo Shaobin, member of the Standing Committee of the Lu'an Municipal Party Committee and Secretary of the Huoqiu County Party Committee, delivered a speech, and Huang Yixin, Secretary of the Party Committee and Chairman of NISCO, announced the official commissioning of the project. Xu Weizhuo, Chairman and General Manager of Jin'an Mining, chaired the ceremony.

The 9-series permanent magnet ferrite ultra-pure iron powder pre-sintered material project of Jin'an Mining is not only a vivid practice of Jin'an Mining's implementation of NISCO's "one body, three elements" large industrial ecosystem, but also an active response to the strategic deployment of the Huoqiu County Party Committee and County Government to focus on building an iron-based new material industrial cluster. This project is the first production line in China that uses ultra-pure iron powder as raw material to produce 9-series permanent magnet ferrite pre-sintered materials, filling a technological gap in this field and marking a milestone.

In his speech, Huo Shaobin stated that the Jin'an Mining 9-series permanent magnet ferrite ultra-pure iron powder pre-sintered material project is a brand-new starting point and a magnificent symphony. Huoqiu County will thoroughly implement the project of "consolidating the foundation and nurturing vitality," continuously improve the work style of officials, optimize the business environment, nurture the project's healthy growth, assist Jin'an Mining in becoming bigger and stronger, and wish Nanjing Iron & Steel Group Co., Ltd. (NISCO) prosperous development and continuous innovation.

Huang Yixin expressed gratitude to the leaders and guests who witnessed the commissioning of the Jin'an Mining 9-series permanent magnet ferrite ultra-pure iron powder pre-sintered material project and paid tribute to the participating construction units. He also introduced the development of NISCO and CITIC Pacific Special Steel Group Co., Ltd., as well as the latest developments in the mutually empowering development of Jin'an Mining's dual main businesses. He stated that Jin'an Mining will strive to become a world-class new materials company, making new contributions to Huoqiu's economic transformation and high-quality development.

After the ceremony, the attendees jointly toured the production line of the 9-series permanent magnet ferrite ultra-pure iron powder pre-sintered material project.

On June 6, the Board of Directors of Jin'an Mining held its 2025 annual meeting. Huang Yixin, Secretary of the Party Committee and Chairman of NISCO, Shao Renzhi, Vice President and Chief Investment Officer of NISCO and President of New Industry Investment Group, as well as directors, supervisors, and members of the management team of Jin'an Mining attended the meeting, which was chaired by Xu Weizhuo, Chairman and General Manager of Jin'an Mining.

The meeting focused on hearing reports on Jin'an Mining's "15th Five-Year Plan Strategic Planning Scheme," "2024 Annual Financial Final Accounts Report," and "2025 Annual Financial Budget Report."

Huang Yixin stated that this year's Jin'an Mining Board of Directors meeting is a triple celebration: obtaining the exploration rights for the Fanqiao Iron Mine, the official commissioning of the 9-series permanent magnet ferrite ultra-pure iron powder pre-sintered material project, and Jin'an Mining achieving multiple historical milestones in 2024. Jin'an Mining's victory is a comprehensive one, which has also inspired the confidence of all officials and employees of Jin'an to dare to fight and win.

Reviewing the past, Jin'an Mining has achieved six "leading the way and setting an example." First, leading the way and setting an example in innovation, breakthroughs, and creating history in production and operation; second, leading the way and setting an example in Party building and corporate culture construction; third, leading the way and setting an example in strategic guidance, planning, and implementation; fourth, leading the way and setting an example in incremental sustainable development; fifth, leading the way and setting an example in overall organizational and team building; sixth, leading the way and setting an example in the construction of a safe, happy, and green mine.

For future development, Jin'an Mining must adhere to "five unwavering principles." First, it must unwaveringly achieve this year's profitability targets. Second, it must unwaveringly adhere to the strategy of developing iron-based new materials, while also firming up its determination to go public in the future. Third, it must unwaveringly promote the Fanqiao Mine to generate profits as soon as possible. Fourth, it must unwaveringly build a modern mine system. Fifth, it must unwaveringly advance the construction of the Party, corporate culture, and talent team development.

Shao Renzhi expressed his congratulations to Jin'an Mining for acquiring the Fanqiao Iron Mine, which is a remarkable achievement for Jin'an. He emphasized the need to accelerate the pace of progress and achieve results as soon as possible. Since the last board meeting, Jin'an Mining's strategic positioning of "resources + new materials" has become more resolute and clearer. It must seize the development opportunities in new materials and live up to the resource endowment of "ginseng iron."

The road ahead is long, and we must tread it steadily and securely. First, we must clearly plan the strategies and paths for what we want to accomplish during the "15th Five-Year Plan" period. Second, we must advance strategic research on new materials, build a talented team suited to development, and coordinate the synergistic development of several sectors. Third, we must accelerate the construction of digital and intelligent mines. Fourth, we must firmly grasp and implement safety work, maintaining a cautious attitude at all times. Safety must always be kept in mind, and there can be no room for slackness.