China Hanking Holdings Limited was incorporated in the Cayman Islands on 2 August 2010, and was listed on the Hong Kong Stock Exchange on 30 September 2011 (Stock code: 03788).
The Group is an international mining group of companies with three major business segments (i.e. gold, iron ore and nickel), and engaging in exploration, mining, processing, smelting and marketing of mineral resources with mining assets located in Australia, the PRC and Indonesia. Upholding the core value of “people-first and business integrity” and adhering to the principles of “safety, harmony and green mine”, the Group committed to fulfilling its enterprises’ social responsibilities.
Iron ore business
The iron ore business is located in the Anshan-Benxi iron ore belt of Liaoning Province, China. The Company operates three mines, namely Aoniu Mine, Maogong Mineand Shangma Mine, through its three subsidiaries Aoniu Mining, Maogong Miningand Fushun Shangma, respectively, and is engaging in the exploration, mining, processing and sales of iron ores. The Company produces iron ore concentrates at an average grade of 69%. The overall annual iron ore processing capacity of our iron ore business reaches 10 million metric tons
The Company operates the SXO Gold Project located in the Yilgarn goldfield of Western Australia through its wholly-owned subsidiary Hanking Gold, which has 237 mining licenses and full infrastructure facilities for mining, transportation, and processing. The annual processing capacity of the self-owned processing plant reaches 2.4 million metric tons. In 2015, the SXO Gold Project officially commenced operation. Until December 2016, the total output of gold in the SXO Gold Project accumulated to 121,456 ounces gold, respresenting an increase of 106% as compared with the year before In April, 2017, SXO Asset was sold successfully at a sales price based on the enterprise value of AUD330 million.
The primary business operations of the Group in Indonesia include laterite nickel exploration, mining, smelting and selling the product is laterite nickel which is mainly used by iron-steel plants as raw material for the production of stainless steel. The Company operates a large laterite nickel mine located in North Konawe Regency, South East Sulawesi Province, Indonesia through three project companies (i.e KKU ,KS and KP).The Nickel mine in North Konawe Regency contain laterite nickel resources 350 million metric which contains 4.48 million tons of nickel with average nickel grade 1.37%. Besides, it also contain inferred nickel resources 90.54 million metric tons with average iron ore grade 50.27%.