Guangxi Implemented Restructuring in the Antimony Industry to Build Up a Leading Enterprise in Domestic Antimony Industry

According to news published on March 8th,Hechi Wuji Company Limited,one of the “Top Ten Enterprise in National Antimony Smelting Industry”,was formally merged into Guangxi Nonferrous Metals Group; after the restructuring is completed,the production capacity of Guangxi Nonferrous Metals Group will account for about 20% of national antimony concentrate output.

Antimony is an important strategic resource,and also a rare less-used metal with limited reserve.China is the country with the richest resource reserve of antimony in the world,and also the largest antimony producer worldwide.At present,global antimony production sites are mainly concentrated in countries and regions such as China,Bolivia,and South Africa;between 2008 and 2009,China's antimony output accounted for over 90% of global total production.

Guangxi is a province with the richest supply of antimony resource in China,accounting for over 40% of national available reserve of antimony resource.Guangxi Nonferrous Metals Group has nearly 10000 tonnes of antimony concentrate smelting capacity; it also enjoys obvious market dominance in antimony downstream processing fields such as antimony alloy,in 2010,the metal antimony and antimony product export quotas acquired by Guangxi Nonferrous Metals Group account for 49% of national export quota of the year.After the restructuring of Hechi Wuji Company Limited is finished,the production capacity of Guangxi Nonferrous will account for around 20% of national antimony concentrate output.

As a non ferrous metal enterprise combining mining,ore-dressing,smelting and integrated resource utilization,Hechi Wuji CompanyLimited owns mineral resources which contain rich supply of lead,antimony,zinc,silver,gold,copper,bismuth,tin,and indium metals,it is one of the key bases of China's antimony product export supply.Its main product “Wuji”brand antimony ingot has for many times been selected as national user satisfaction product and Guangxi famous brand product,its serial products are popular in Europe and America,South East Asia countries.

According to Li Shiqing,General Manager of Guangxi Nonferrous Metals Group,“after restructuring Hechi Wuji Company Limited,we will earnestly follow requirements of the State Government and Guangxi Government in the‘Twelfth Five Year’ Plan,properly implement development planning for antimony industry,intensify efforts in resource and asset integration,speed up structure adjustment and technological upgrading,continually extend industrial chain,achieve product updating and downstream processing,and strive to build Guangxi Nonferrous Group into a leading enterprise in national and even global antimony industry.