Hosted by China Enterprise Confederation and China Entrepreneurs Association, 2019 China Top 500 Enterprises Summit was held in the banquet hall of Shandong Hotel, Jinan, Shandong Province on September 1st. More than 2,300 people from Shandong Provincial People’s Government, Jinan Municipal People’s Government, China Enterprise Confederation, China Entrepreneurs Association, China Top 500 Entrepreneurs and enterprise representatives, representatives of overseas enterprises, experts and scholars at home and abroad, as well as news media units, etc. attended the summit.

That day, the lists of 2019 China Top 500 Enterprises, 2019 Top 500 Chinese Manufacturing Enterprises, 2019 Top 500 Chinese Service Enterprises, etc. were released grandly. 

Pengxin International Mining Co., Ltd. was listed as one of the 2019 Top 500 Chinese Manufacturing Enterprises with an operating income of RMB 14.138 billion Yuan in 2018, ranking 409th in the list and 16th in Shanghai.

2019 China Top 500 Enterprises and other lists are the 18th of its kind to be jointly released by China Enterprise Confederation and China Entrepreneurs Association. The high-profile “List of 2019 China Top 500 Enterprises” revealed that the threshold for entering the lists of 2019 Top 500 Chinese Enterprises has created a new high. The threshold for China Top 500 Enterprises has risen 17 consecutive years, reaching RMB 32.325 billion Yuan; and the threshold for Top 500 Chinese Manufacturing Enterprises was raised slightly to RMB 8.857 billion Yuan based on a sharp increase last year.

Pengxin Mining is committed to becoming the “Leading Global Provider of Integrated Resources” and creating a whole industrial chain of mining, smelting and sales of non-ferrous metals and noble metals and trading of bulk non-ferrous metals. The company has vigorously developed the traditional non-ferrous metal industry through the acquisition of Shituru Mining Corporation of Congo and ORKNEY GOLDMINE in South Africa. What’s more, the company is actively laying out cobalt, lithium, nickel and other rare metals to lay a good foundation for the development of high-tech industries such as downstream new energy precursors. At present, the company has abundant resources reserves and has the annual mining capacity of 900,000 tons of copper ore, the smelting and processing capacity of 40,000 tons of cathode copper, and the production capacity of 3,000 tons of cobalt hydroxide.

In August this year, Pengxin Mining has won its glory and named to a number of lists, such as “The 70th of Shanghai Top 100 Enterprises”, “The 27th of Top 100 Private Enterprises in Shanghai”, “The 22nd of Top 100 Manufacturing Industry Enterprises in Shanghai”, “The 6th of Top 100 Private Manufacturing Industry Enterprises in Shanghai” and “The 2nd of Top 50 Growing Enterprises in Shanghai”. 

In the future, the company will further promote overseas investment and adhere to compliance and serving the national strategy, actively implement the “One Belt and One Road” initiative and highly conform to the development direction of the national resources reserve strategy, and give full play to the advantages of domestic technology and production capacity to conduct technology export and cultivate overseas production bases, while actively expanding all-round international cooperation on production capacity and boosting the country’s strategic resources reserve, so as to forge ahead to the vision of the “Leading Global Provider of Integrated Resources”.