ST Huayu announced that the joint venture "Tower Aluminum Gold Industry" closed joint stock company invested in the construction of the "Tower Aluminum Gold Industry Kangqiao Qi Antimony Gold Mine" project has reached the conditions for production. The project has recently been put into production and is expected to process 1.5 million tons of ore and produce 16,000 tons of antimony and 2.2 tons of gold ingots.
After reaching production, the project is expected to handle 1.5 million tons of ore per year, with an annual output of 16,000 tons of antimony and 2.2 tons of gold ingots, which will further expand the company's business scale, profitability and risk resistance. It is of great significance for the company to obtain high-quality mineral projects in Tajikistan and lay a solid foundation for the sustained and sound development of the company in Tajikistan. The company has taken an important step in overseas development and further accelerated the process of internationalization of the company.
The company insists on making small metal antimony strategic resources into high-standard high-quality resources of Huayu Mining. At present, the company's controllable antimony resources have reached 4346 million metal tons. After the project reaches production, the company will have an annual output of 21000 tons of metal antimony, which will control nearly 15% of the global antimony metal supply, which will have a certain impact on the company's pricing and decision-making power in the global antimony mining industry in the future.
With the continuous promotion of the national "Belt and Road Initiative" policy in Central Asia, the company will strengthen its cooperation with countries along the route and in the field of mineral resources and technology in Central Asia, and its reputation and influence will continue to increase. The company will closely follow the national development strategy, effectively give full play to the comprehensive competitive advantages of the enterprise and the regional advantages of the "Ta Aluminum Gold Industry Kangqiao Antimony Gold" project, continue to develop potential mining projects, and give priority to the development of gold, silver, copper, lead, zinc, antimony and other superior minerals to further improve the company's anti-risk ability and profitability.
