On November 16, the 7th Summit Forum for China Listed Companies in 2018 hosted by the Daily Economic News was successfully held in Chengdu. At the 40th anniversary of the reform and opening up, 800 business elites, scholars, experts and private equity strategists discussed on the theme of “pursuing high quality and new drive” and looked ahead on the new quality development journey of Chinese enterprises after the 19th National Congress. At that night, the Reputation Ranking of China’s Listed Companies in 2018 was grandly announced, and 14 capital market awards were presented on the forum. As a rising star in the new energy industry, Pengxin International Mining Co., Ltd. was awarded with the Most Promising Listed Company in the New Energy Industry.

    The award is an affirmation of the efforts of Pengxin International Mining Co., Ltd. to realize business innovations and strategies. In recent years, the company has yielded plentiful development achievements. The main business has developed from single copper resources to integrated copper, cobalt and gold resources. Especially in the cobalt resource field, which is the current important business development direction of the company, the company advances steadily and gradually increases discourse power in the market.

    On the evening of October 8, Pengxin International Mining Co., Ltd. announced the construction project progress of the cobalt hydroxide production line, and indicated that the cobalt hydroxide production line project of the company containing 7,000t/a cobalt metal (3,000t/a in Phase 1 and increased to7,000t/a in Phase 2) in the SMCO Mine in the Democratic Republic of Congo was successfully completed on September 30, 2018. In October, the main process production workshop was mainly operated by single machine or linkage commissioning. On October 30, the trial production was started. In December, the project reached its designed capacity. The smooth progress of the cobalt hydroxide production line project means that Pengxin International Mining Co., Ltd. has achieved significant progress in the layout of cobalt industry chain.

    While smoothly promoting the production project, Pengxin International Mining Co., Ltd. actively cooperates with the downstream new energy material manufacturers, such as Easpring Material Technology. The two companies will cooperate in the technology research and development in new energy field, construction of new product line and expansion of existing product capacity as well as mergers and acquisitions, which ensures the reliable sales channel of future cobalt products by SMCO.

    In addition to the determination of downstream channels in the cobalt industry chain, Pengxin International Mining Co., Ltd. has also made a lot of efforts in the upstream cobalt mine resource reserves. In 2017, Pengxin International Mining Co., Ltd. established a cobalt mine trading platform in the Democratic Republic of Congo to secure the supply of raw cobalt materials for the SMCO cobalt hydroxide production line. In 2018, Pengxin International Mining Co., Ltd. laid solid foundation for the improvement of cobalt resource reserve and supply, the commissioning and future capacity release of cobalt hydroxide and cobalt sulfate production line by signing the PE1078 copper-cobalt mine lease agreement with the Gécamines, the underwriting agreement with the Vicent Mining, and developing the Sunrise nickel-cobalt mine.

    The management of Pengxin International Mining Co. said that based on the original copper materials, the company has developed niche nonferrous metals in accordance with the national new energy vehicle strategy in recent years, including the “acquisition” of scarce cobalt resources. The company has been developing in the Democratic Republic of Congo for ten years and can stand on the new energy frontier with its superior geographical advantages and resource conditions in the world-famous Katanga curved copper-cobalt metallogenic belt where the SMCO is located, fully devotes itself in the construction of new energy layout and its business development, takes a solid step in the industrial transformation of the company, and increases the profit growth point of the company, thereby gradually realizing the corporate vision of becoming “ leading global provider of integrated resources ” and creating greater value for investors.