From September 26 to September 29, the Second China-Africa Economic and Trade Expo was grandly held in Changsha International Convention and Exhibition Center in Hunan Province. Co-sponsored by the Ministry of Commerce of the People’s Republic of China and the People’s Government of Hunan Province, the China-Africa Economic and Trade Expo is one of the most important economic and trade cooperation platforms under the mechanism of China-Africa Cooperation Forum. The theme of the Expo was “New Start, New Opportunities, New Accomplishments”, and nearly 900 Chinese and African enterprises from more than 40 African countries participated in the Expo.

At the opening ceremony, Yang Jiechi, a member o the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, attended the opening ceremony of the Second China-Africa Economic and Trade Expo and China-Africa Economic and Trade Cooperation Forum.

At the Expo, Shanghai Image Exhibition Area has a total of 11 enterprise exhibitors, covering state-owned group companies and private enterprises investing in business and trade in Africa such as aviation manufacturing, infrastructure construction, construction engineering, textile, mining, pharmaceuticals, domestication, and agriculture. Pengxin Mining was invited to participate the Expo as a representative of outstanding private enterprises in Shanghai. During the exhibition, Pengxin Mining displayed the achievements of China-Africa economic and trade cooperation and exhibited the mining products of SMCO of Congo (DRC) and CAPM of South Africa – gold ore, copper ore, and copper plate of cathode copper.

The gold ores exhibited are derived from the Orkney Gold Mine in South Africa, which is located in Witwatersrand Basin, the most famous gold producing area in the world. It’s gold resource reserves are as high as 501.74 tons, with an average grade of over 7 grams/ton. It is a high-grade mineral deposit with good development foundation and economic benefit prospect. The exhibited copper ores are derived from the 4725 plot of Congo (Kinshasa) Shituru Mining, which is located in the world-famous Zambia-Katanga copper belt and featured high grade, shallow burying and easy open mining. It is rare high-quality copper resources in the world. The copper plate of cathode copper exhibited is the main product of Congo (Kinshasa) SMCO, its quality is superior and the copper content exceeds 99.99%, which is classified as A grade according to LME standard and has been praised as “the best electro deposited copper of the best quality in Africa” by customers.

Pengxin Mining has been actively responding to the development strategy of “Going Out” and the “One Belt and One Road” initiative of the state, implementing the development strategy of “Dual-wheel Driving” at home and abroad, devoting itself in African mineral resources and creating all-round production capacity cooperation. After years of deep industrial cultivation, the company has established an industrial chain with copper and gold mining and metallurgy as its core businesses in Congo (Kinshasa) and South Africa, and simultaneously it has focused on new energy industry related minerals, such as nickel, cobalt, lithium and other new materials, and the company has established a good reputation and brand influence in Africa, even the global market, by virtue of its advanced mining, selecting and smelting technology and its excellent quality mineral products.

Against the background of booming development of “One Belt and One Road” construction, the continuous deepening of China-Africa economic and trade relations, as well as the profound adjustments of the global economic structure and the supply and demand pattern of mineral resources in the post-epidemic era, Pengxin Mining will continue to follow the national policy calls and give full play to its own advantages, overcome the adverse impact of the epidemic, uphold the business policy of “compliance with laws and regulations, seeking truth from facts, proactive action, and value sharing”, and take different measures according to local conditions and keep a foothold on high-quality copper, cobalt, gold and other in-production projects, while at the same time, we will continue to follow a series of key mining projects, actively carry out major project mergers and acquisitions at home and abroad, and further build influential and driving landmarking projects.

“New Start, New Opportunities, New Accomplishments”, the participation of Pengxin Mining in the Second China – Africa Economic and Trade Expo will be more conductive for the company to seize the opportunities and embrace challenges with a positive attitude. By taking serving the national strategy as its own responsibility, we will actively explore diversified cooperation modes, implement the development strategy of “Dual-wheel driving” at home and abroad, so as to provide a momentum for further sustainable development of the company and offer a strong force to achieve the transformation and upgrading of the company to become the leading global provider of integrated resources.