Hongcheng Environmental Technology is a gold mine hazardous waste treatment company in Shandong Province, China. It focuses on treating hazardous waste from gold mines, and recovering and extracting economically valuable resources from it for sale. According to the Frost & Sullivan report, we are the second and third largest gold mine hazardous waste treatment companies in Shandong Province and China respectively, accounting for about 15% and 10% of the market share, respectively, in terms of revenue in 2020. Based on the amount of hazardous waste treated in gold mines, we also ranked first in Shandong Province and China. The actual processing capacity was about 1.08 million tons, accounting for about 26% and 18% of the total actual treatment capacity of Shandong Province and China in 2020, respectively. Our two production facilities are strategically based in Laizhou City, Shandong Province, and the local gold reserves rank first among county-level cities in the country. The production facility covers a total area of about 228,683 square meters and specializes in processing hazardous waste from gold mines collected from upstream customers and recycling it into recycled products for sale to downstream customers. business model Upstream customers mainly hire us to provide cyanide tailings treatment services. Cyanide tailings are a type of hazardous waste from gold mines generated during the gold smelting process, including cyanide, which is a small number of chemical reagents that can cause gold to dissolve in water. Cyanide is a toxic substance and can be fatal if ingested or inhaled in sufficient quantities. Gold mining companies adopt strict risk management systems to avoid causing harm or damage due to the use of cyanide. When gold is removed, gold mining companies collect cyanide from the mining solution for recycling or disposal. Due to technical expertise and cost considerations, gold smelting companies under the gold mining company will hire gold mine hazardous waste treatment companies like ours to collect cyanide tailings from such companies and pay the corresponding treatment fees. In the course of our operations, we are able to break down toxins from hazardous waste in gold mines. Furthermore, we can extract economically valuable resources from hazardous waste from gold mines, and sulfur concentrate and gold-containing sulfur concentrate are mainly extracted recycled products and can be used to produce sulfur and sulfuric acid, which can be used in different industrial processes. We generally sell recycled products to downstream customers, such as chemical manufacturing companies and chemical trading companies.
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