Hongcheng Environmental Technology is a gold mine hazardous waste treatment company in Shandong Province, China. It focuses on the treatment of hazardous waste from gold mines and the recovery and extraction of economically valuable resources from it for sale. According to the Frost & Sullivan report, based on revenue in 2020, 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. Based on the amount of hazardous waste treated in gold mines, we also ranked first in Shandong Province and China. The actual treatment 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. We have two production facilities strategically based in Laizhou City, Shandong Province, which has the highest gold reserves among county-level cities in the country. The production facility covers a total area of about 228,683 square meters and specializes in treating hazardous gold mine waste 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 residue 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 dissolve gold 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 harm or damage caused by 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 smelters under gold mining companies will hire hazardous waste treatment companies like ours to collect cyanide tailings from such companies and pay corresponding treatment fees. In the course of our operations, we are able to break down toxins for hazardous gold mine waste. Furthermore, we are able to extract economically valuable resources from hazardous waste from gold mines, while sulfur concentrates and gold-containing sulphur concentrates are mainly recycled products that 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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