Shandong Fangtai Recycling Gold Industry Co., Ltd. was incorporated on June 29, 2006 with registered capital of ￥100 million RMB. Covering area of 53330 M2, the company is located in Yinghai Industrial area, Laizhou city, which enjoys advantageous geographical position within Yellow-River Delta Efficient Environmental Economic Zone of Shandong Province, with Laizhou port only 60km in the east and 160 km to Qingdao port and 190 km to Yantai port respectively. The Dalailong Railway crosses the whole area.

The company utilizes the deserted prussiate tailings in god industry, complicated and hard-to-processed low grade gold mine, industrial waste with gold and silver content as raw materials to collect gold, silver, copper, sulphur and other precious metals by using sulfonium as good collector agent to precious metals. Thus the company comprehensively produces gold, silver, cathode copper, commercial sulphur acid, fine iron powder, palladium and platinum with oxygen enriching dual molten pools and continuous refining smeltery technology.

The company is an enterprise that emphasizes recycling and environmental-protection by re-utilizing solid waste that contains gold as resource so as to lower the pollution discharge. The raw materials for proccessing include the deserted prussiate tailings from gold refining, complicated and hard-to-processed low grade gold mine, and industrial waste with gold and silver content. The processing method of the company is to use oxygen-enriched dual bathes continuous smelting technics to widely recollect gold, silver, copper, sulpher and other valuable rare and precious metal elements with molten matte as an excellent colletor agent to other rare and precious metals. Having passed the inspection on environment and safety by local authorities, the company has acquired certificates of both Grade 2 safety standardization management enterprise and resources comprehensive utilizing enterprise of Shandong Provicne.

The company began construction in July 2006, with RMB￥190 million yuan as the fixed assets investment for the 1st phase of the main project. A trial production of the 1st phase was launched in August 2008 and the full production was reached in July 2009. For the time being, the annual production capacity of the company is 2 tons of gold, 150 tons of silver, 50,000 tons of copper, 120,000 tons of sulphur acid with RMB ￥3 billion yuan as a realized annual sale value.

The company pays great attention to the application of advanced technology and technics. The production technology and installations is pioneering in the country with less investment, lower production cost and a wide range of adaptation to raw materials, which efficiently re-collects the valuable elements, such as gold, silver and copper, etc., from low percentage resources. This enhances the utilization of resources and reduces the emergence and discharge of the waste, which results in obvious energy saving and lower waste discharge. The technology has passed the provincial technical appraisement and has been evaluated as “international advanced level”. The company is also equipped with most advanced inspection instruments in order to ake 16 national standard inspections, which facilitates the reliable assurance for high quality products.

Ever since the establishment, the company has been putting environment protection to the top priority and making great efforts to build a recycling-economy-type enterprise. Among the supporting measures to the 1st phase main project, the company has constructed power generating system from waste heat, purification system, sewage treatment system, exhaust desulphurization recycling system, renovation to oxygen generation system in addition to the refining system, metal separation and precious metal recycling systems, which truly enables the company to utilize all possible raw materials as resource as a recycling enterprise of environment protection with lower discharge.

The company attaches great importance to introduction of talents and cultivation. Currently the company has 766 employees, of which 30% or more with college or higher diplomas and 14% are R&D staffs. The company has well-structured management team and R&D team which is consist of senior, junior and freshmen.

The company is currently planning to build a new project namely “Comprehensive multi-elements recycling project with a daily processing capacity of 2000 tons waste residue from gold refinary”, the investment of which will be RMB ￥1 billion yuan. After the new peoject has been launched, the annual processing capacity of the company will reach 300,000 tons of the deserted prussiation tailings and hard-to-processed low grade gold mine. This will bring estimately RMB ￥6 billion yuan more sales income with new tax revenue of RMB ￥1 billion yuan.

By 2014, the company plans to reach annual output of 10 tons gold, 600 tons silver, 100,000 tons of cathode copper, 600,000 tons of commercial sulphur acid, 30 tons of other rare metals. The total sales income will become RMB ￥10 billion yuan.