Hongyu Mining Co., Ltd.

Founded in 1996, the mine is located in Nanlou Development Zone, Dashiqiao City, Liaoning Province, covering an area of 300,000 square meters. The current proven magnesite storage capacity is 20 million tons, and the annual mining volume is 400,000 tons, of which MgO ≥ 47% of high-quality ore Accounted for more than 48%. Liaoning Province has huge reserves and high-quality natural magnesite resources (approximately a quarter of the world's total reserves), while Hongyu has unique magnesite resources (high magnesium oxide content and high calcium-silicon ratio). High-quality magnesite ore is an important raw material for the production of high-grade fused magnesite. The convenient large-scale open-pit mining has greatly reduced the production cost of magnesite ore and laid a solid foundation for our Hongyu Group to develop into a world refractory aircraft carrier.