Yunnan Metallurgical Group will increase investment in titanium dioxide and titanium sponge projects in the past three years

On the 7th, Yunnan Metallurgical Group Co., Ltd. issued an announcement that the company plans to issue 2012 short-term financing bills with a planned circulation of 800 million yuan. The company's prospectus describes the future investment and development goals.

According to reports, the company’s future investment plans include 13 projects under construction and 16 proposed projects. The investment plans for 2012-2014 under construction and proposed projects are respectively 10.494 billion yuan, 13.502 billion yuan and 3.379 billion yuan. The total investment in the past three years reached 27.375 billion yuan.

The prospectus provides a plan for the company's future development goals. The Group's 2012 production and operation targets are: to complete the total metal output of more than 1.35 million tons: to complete operating income of 23.2 billion yuan; to complete the industrial added value of 5.2 billion yuan; to complete the import and export volume of 350 million US dollars.

The company has built aluminum, lead and zinc, manganese, titanium, silicon five major industrial clusters, and make full use of domestic and international markets, a variety of resources, increase the integration of mineral resources and exploration and development efforts, the company became a domestic aluminum, The top five companies in the lead and zinc industry, and have diversified technologies with international advanced level, resource utilization, major consumption, safety, occupational health, and environmental protection have reached the advanced level in the domestic industry. To lay a solid foundation for the long-term goal of achieving an annual sales income of 100 billion yuan by the end of the “Twelfth Five-Year Plan” period.

In terms of resource control, the company will continue to expand upstream mineral resources control and development efforts to build a corporate resource support platform, and strive to achieve an additional lead and zinc metal reserves of over 12 million tons at the end of the “12th Five-Year Plan”, with self-sufficiency ratio of raw materials exceeding 60%.

In the aspect of product structure adjustment, the company will combine its own resource advantages to strengthen the deep processing of downstream products. Deep processing products account for more than 30% of the total, and it seeks to deepen the industrial chain and value chain through various methods, and continuously improve product quality and added value.

(1) 800,000-ton Wenshan Alumina Project As of the end of 2011, the project company had completed an investment of 4.671 billion yuan. By the end of March 2012, it had completed a total investment of 4.836 billion yuan. The specific progress of the project is as follows: At present, the Hongsake Mine and the Jiuziping Mine have been put into production, and a total of 230,000 tons of net mine has been produced; the construction of the main part of the alumina plant and the installation and commissioning of major equipment have been completed, and the sub-linkage joint air-loading is underway. More than 20,000 tons of aluminum hydroxide have been produced during the trial and commissioning trials. The roasting system is scheduled to start on June 18, and foreign technical experts will be on site to commission on the 20th. Trial production is expected in August and the alumina production is expected in 2012. 35 million tons.

(2) Yunluong Yongxin 300,000-ton aluminum strip project As of the end of 2011, the project company had completed an investment of 1.422 billion yuan. By the end of March 2012, it had completed a total investment of 1.63 billion yuan. The specific progress of the project is as follows: The electrolytic cell was powered on April 25, and the electrolytic cell of the first phase was all started and aluminum ingots had been produced. On the basis of the start of trial operation in the first stage, the second section of the electrolysis cell was energized on June 16 and started on the 20th. All were started before July 25th. The main projects of the project include electrolysis, transformer rectifier, feed purification, tank overhaul, and PTM maintenance. The anode assembly is undergoing roof tile and wall tile installation; the entire plant road and integrated pipeline network construction is approximately 70% complete; the second phase of the project is completed. All of the 144 electrolyzer tank shells are in place. The upper part of the tank and the busbar welding are in an orderly manner. It is currently in the phase of full-scale construction. The project is expected to start production in the third quarter of 2012. The production volume in 2012 will be about 30,000 tons.

(3) Yuanxin Carbon 600kt/a carbon project As of the end of 2011, the project company had completed an investment of 1.023 billion yuan. By the end of March 2012, it had accumulatively completed an investment of 1.18 billion yuan. The concrete progress of the project is as follows: At present, the main projects of the project calcining system, raw anode manufacturing system, anode roasting system, water treatment system, and public auxiliary works have been completed. The installation of equipment has been completed in half, and the office building and shifting dormitory are under intense construction. July On the 28th, the high-rise building was ignited, and it is expected that by the end of September, it will rely on the previous batch of carbon blocks. Produced qualified products during the year to ensure production of 10,000 tons.

(4) Chihong Huize 60kt/a crude lead, 100kt/a zinc and slag comprehensive utilization projects As of the end of 2011, the project company had completed an investment of 3.458 billion yuan. By the end of March 2012, the accumulated investment was 3.562 billion yuan. The specific progress of the project is as follows: At present, the main systems and general plans for lead systems, road construction, and major equipment and process pipeline installations such as IZA furnaces and smoke reduction furnaces are basically completed; lead concentrate warehouses have been put into use; zinc system engineering construction and equipment installation The commissioning has been completed, and preparations for commissioning have begun; the zinc concentrate warehouse and the zinc oxide dust warehouse have been put into use; the office building in the front area of the public auxiliary system plant has been put into use; the domestic sewage treatment station has been put into operation; the total landing and air compressor station has been put into operation. Chemical water treatment station, residue warehouse, sewage acid and sewage treatment station, clean wastewater treatment station, gas station, oxygen station, etc. to meet the requirements of the commissioning test; planned to complete the joint debugging of the zinc system in June, complete the lead system linkage debugging in August to ensure 11 The month is fully in trial production.

(5) 200,000-ton/year electric zinc project of Hulunbeier Chihong Mining Development Co., Ltd. As of the end of 2011, the project company had completed an investment of 1.977 billion yuan. By the end of March 2012, it had completed a total investment of 2.01 billion yuan. The specific progress of the project is as follows: At present, the main structures of the lead system are basically completed and closed, the main equipment is in place, and the installation stage is fully completed; the partial pressure of the zinc system leaching out of the construction project ends, and the autoclave is not on site and is in the stage of installation preparation; The electrolysis, leaching and purification construction projects were basically completed, the electrolysis cell was in place, and the equipment installation and anticorrosion cross-construction phases were entered; the main construction projects and equipments of the sulphuric acid system were already in place and could meet the conditions required for the completion of the lead system; public and auxiliary The heating system has basically taken shape, some concrete roads have been completed, and the total step-down stations and oxygen plants have been installed. The office buildings, bathrooms, laboratory buildings and canteens have been put into use. The construction of the four systems was completed by 80%, the installation work was completed by 30%, the equipment arrived at 80%, and the anticorrosion work was completed by 10%.

(6) Yunnan Xinli 60,000-ton/year titanium dioxide project As of the end of 2011, the project company had completed an investment of 2.185 billion yuan. By the end of March 2012, it had accumulatively completed an investment of 2.258 billion yuan. The specific progress of the project is as follows: Project PT After-treatment Part of the main project The civil works and installation construction and related public and auxiliary facilities have been completed, and the wind, water and electricity facilities have been tested; the main part of the CP project has been basically completed by civil works and equipment installation. Upon completion, system commissioning was in progress; equipment purchases amounted to 614 million yuan, and 47 major domestic and foreign procurement contracts were signed.

(7) Yunnan Xinli 10,000-ton/year Sponge Titanium Project As of the end of 2011, the project company had completed an investment of 1.539 billion yuan. By the end of March 2012, it had completed an investment of 1.557 billion yuan. The specific progress of the project is as follows: 14 monolithic civil engineering projects such as reduction distillation and chlorination refinement have been completed and trial production has been entered, and qualified sponge titanium products have been produced and started to be sold. Currently only the later magnesium electrolysis process part The project is being commissioned and is about to be put into full operation. The purchase amount of equipment is RMB 360 million, and a total of 30 major domestic and foreign procurement contracts have been signed.