On March 10^th, Mr. Chen Guohua, DeputyGeneral Manager of Pengxin Mining, and his delegation had a field trip to the beneficiationplant of Noligwa Gold Mining near the No. 8 Mine belonging to Harmony MiningCompany in South Africa, and conducted an in-depth business communication withthe operating executives and technical team of the concentrating mill, at themeantime, they discussed the feasibility of establishing business cooperationin ore processing, beneficiation and metallurgical technology upgrading andsharing of partial infrastructure on the basis of mutual benefits and win-winresults.

  The Harmony Mining Company is currently thelargest gold-producing mining company in South Africa. Its Noligwa GoldBeneficiation Plant is located in the Free State Province, South Africa, about160 km from Johannesburg, and about 15km from the mining area of CAPM. Thebeneficiation plant, which has been put into operation in 1971, adopts thecarbon leaching gold extraction process and has an annual ore processing capacityof more than 2.4 million tons. It’s gold production in 2021 is 7166 kilograms.It is the second largest gold ore processing facility of Harmony MiningCompany.

  Mr. Liu Yuxiang, General Manager of thePlanning and Operation Department of Pengxin Mining, and CAPM management andtechnical team accompanied throughout the field trip.