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On March 7, leaders of the Financial and Economic Affairs Committee of the Hunan Provincial People's Congress visited Hunan Mineral Resources Group for research, and witnessed in-depth cooperation talks between Hunan Mineral Resources Group and Jin'ang Group. The two sides reached multiple consensus points on resource integration, overseas layout and industrial-chain synergy, injecting new vitality into the high-quality development of Hunan's mining industry.
Jin'ang Group Focuses on Mineral Clusters, Empowering Small and Medium-Sized Mining Companies to Achieve Scale Effects
Jin'ang Group Chairman Ke Xiangjin focused on explaining the 'mineral cluster' strategy, which aims to jointly develop Africa's rich and diverse mineral resources through close alliances with local mine owners, and to effectively fill the gap in domestic resource demand by efficiently bringing in African mineral resources. He said that the plan is to complete the integration and operation of the cluster platform within the year, promote 20 mining areas into production, and create scale effects by empowering small and medium-sized mining companies with equipment, technology and capital. To ensure the stable return shipment of minerals, Jin'ang Group has built a 'full industrial chain' safeguard system by strengthening cooperation with central and state-owned enterprises and focusing on equipment supply, technical support, warehousing and logistics, and investment and financing services.
From Resources to Trade: Coordinated Development Between Jin'ang Group and Hunan Mineral Resources Group
Since the beginning of this year, Jin'ang Group has signed cooperation agreements with two controlled subsidiaries of Hunan Mineral Resources Group. It signed a 50,000-tonne annual order contract with Zhongnan Antimony & Tungsten, covering gold and nickel non-ferrous mineral products; Jin'ang Group plans to provide land for the construction of the Tanzanian overseas warehouse, and signed an agreement with the Hunan Research Institute of Nonferrous Metals to jointly build an inspection and testing laboratory center, driving Hunan's inspection and testing 'technology going global', improving the efficiency and level of mineral testing, and effectively reaching the whole of East Africa. Jin'ang Group and Hunan Mineral Resources Group have formed a synergy model of 'resource development — smelting and processing — technical support — trade services', which not only enhances the overall competitiveness of Hunan's mining industry but also greatly drives domestic mineral equipment, technology and infrastructure to expand into the African market.
Focusing on the Trillion Target: Hunan Mineral Resources Group Anchors a 'Three-Step' Strategy
Wang Xuanxiang, Chairman of Hunan Mineral Resources Group, said at the symposium that the group is focusing on three core segments — 'mining resource development, smelting and processing, and new material R&D' — and striving to join the Fortune China 500, with a plan to achieve the leap to a trillion-level mining industry and a hundred-billion-level enterprise during the 15th Five-Year Plan period. He stressed that through the dual drive of technological innovation and capital operations, the group will build a full-industrial-chain closed loop of 'resources — smelting — new materials' and create a high-quality circular economy. In terms of global layout, the group has defined a path of 'rooted in Hunan, radiating across the country and marching overseas', and will accelerate its internationalization from this year. Regarding cooperation between the two sides, Chairman Wang Xuanxiang put forward three ideas: first, cooperation can start from mineral exploration and testing; second, attention must be paid to avoiding trade risks; third, the two sides can jointly develop mines and establish a profit-sharing mechanism. The cooperation between Jin'ang Group and Hunan Mineral Resources Group is an upstream-downstream relationship, that is, connecting 'resources + smelting + testing + trade', and both sides should maximize benefits and minimize risks.
Leaders of the Provincial People's Congress Financial and Economic Affairs Committee Suggest: Deepen Resource Matchmaking and Sign a Strategic Cooperation Agreement
Leaders of the Provincial People's Congress Financial and Economic Affairs Committee pointed out that this high-level dialogue was very necessary and fruitful: first, it serves the national strategy and implements Hunan's positioning as a 'bridgehead for economic and trade cooperation with Africa', promoting enterprises to go global in clusters; second, it deepens legislative research, doing legislative work well by understanding industrial-chain synergy relationships and promoting the development of the outward-oriented economy; third, it upgrades technology empowerment, guiding enterprises in Africa to transform mine development toward intelligence and green development and building the image of Chinese enterprises. They also put forward two suggestions: first, the two sides should deepen resource matchmaking, and it is suggested that Hunan Mineral Resources Group visit Africa to inspect Jin'ang's resource layout on the ground; second, a chairman dialogue mechanism should be established and support given to signing a strategic cooperation framework agreement as soon as possible.
Under the guidance of the leaders of the Provincial People's Congress Financial and Economic Affairs Committee, this meeting not only deepened understanding between the two enterprises but also laid a solid foundation for all-round cooperation in the future. As cooperation between the two sides continues to advance, it is expected to further promote the high-quality development of the mining industry in Hunan Province and across the country.
Jin'ang Group focuses on the African mining market, takes mineral resource development as its core business, and is an international enterprise dedicated to building full-industrial-chain capabilities including mineral clusters, investment and financing services, and overseas warehousing construction and operation. It is also a key enterprise in Hunan Province's economic and trade cooperation with Africa.
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