Chifeng Gold and the People's Government of Dandong City, Liaoning Province recently signed the "Intent Agreement for Wulong Mining Investment Expansion Project." According to the agreement, Wulong Mining will increase investment in exploration engineering, shaft technical transformation, tailings pond management, smelting and refining capacity enhancement projects, with full support from the local government.
Liaoning Wulong Gold Mining Co., Ltd. is a wholly-owned subsidiary of Chifeng Jilong Gold Mining Co., Ltd. Its predecessor was the Liaoning Wulong Gold Mine, located in the Zhen'an District of Dandong City, Liaoning Province, 29 kilometers from the city center. It was established in 1938 and is a gold mine with comprehensive production capabilities in mining, selection, and smelting. It was acquired in 2008. In the past two years, through continuous deep exploration, Wulong Gold Mine has discovered multiple thick blind ore bodies, initially confirming good potential resources in the deep area of the mining area, laying a solid resource foundation for Chifeng Gold to build a domestic pattern centered on Wulong Mining, with Jilong, Huatai, and Hanfeng developing in coordination.
Dandong City Mayor Zhang Shuping highly praised Chifeng Gold for fulfilling its corporate social responsibility and expressed confidence in the company's development. She stated that Chifeng Gold has a strong entrepreneurial spirit and development potential, with obvious advantages in gold mining development, and has achieved brilliant results in recent years. This increased investment aims to integrate and develop the huge gold resource potential of Wulong Mining and its surrounding areas, systematically manage and optimize the mining environment and safety, enhance project capacity building, and improve the gold industry chain. This is a result of the full combination of Chifeng Gold's strength, development strategy, and Dandong City's resource, location, and transportation advantages, which has a positive promoting effect on regional industrial development and the optimization and upgrading of the industrial structure.
Chifeng Gold Chairman Wang Jianhua stated that Chifeng Gold adheres to the core value of "allowing more people to benefit from the development of Chifeng Gold" and the "dual business core" development model. Among the five major mining enterprises in China, it has established a development idea focused on the capacity expansion and transformation upgrade of Dandong Wulong Mining. By gradually investing about 1 billion yuan in Wulong Mining, it aims to develop Wulong Mining into a mining enterprise with a complete industrial chain, beautiful ecological environment, strong profitability, significant tax contributions, and distinct characteristics of the times. This is inseparable from a good investment environment and strong support from the local government. Chifeng Gold has always had a profound understanding and high pursuit of environmental protection, safety, and social responsibility, with rich practices in mining ecological construction. This investment expansion and transformation upgrade project in Dandong will promote the protection and restoration of the ecological environment of the mine and its surroundings, driving regional economic and social development.□
Website Editor: Gong Li