According to Chinese United Commerce News, in 2012, Qinghai Kingho Mining, Metallurgy and Coal Chemical Group was listed in the provincial “Double Hundred” Action’s 10 key enterprises whose production value exceeds RMB 10 billion at the end of “the 12th Five-Year Plan”, and its steel integrated project and coal-based polygeneration project were listed in Qinghai province’s “TOP 10” industrial investment projects during “12th Five-Year Plan” period.

 The steel integrated project is brought into unified management by China Kingho Group. First, an cooperation agreement on package exploration of Galinge ore cluster was signed; second, the application for Galinge iron ore resource allocation and assignment of the right of prospecting was submitted, so as to implement Galinge resource allocation at the soonest; third, accelerate putting in place the steel project construction external resources and conditions, bentonite ore is already in production, and intensified efforts are being made in order to obtain limestone-mine mining right certificate; fourth, the steel project land use planning procedure and the opinions of primary examination of land use have been passed and obtained, power supply feasibility study has passed review, and railway special line feasibility study and construction drawing design have passed review.

In 2013, the group company plans to produce raw coal 5,500,000 tons, clean coal 2,920,000 tons, carbon coke 1,860,000 tons, fine iron powder 10,00,000 tons and oxidized pellets 10,00,000 tons, generate electricity 0.085 billion kilowatt hour, and process tar 65,000 tons.

At present, the company’s projects under construction include: 2,000,000-ton steel integrated project, 1,200,000-ton oxidized pellets project, 150,000-ton tar deep processing project, Yemaquan iron-zinc ore beneficiation project and Muli coal mine construction project, and the construction status is as follows:

2,000,000-ton steel integrated project, accumulative investment completed is RMB 0.587 billion. land leveling completed; foundation concrete pouring for the iron making, steel making, and steel rolling main plants, the comprehensive raw material factory, and the laboratory has been completed; blast furnace shell has been hoisted to the 7th section; sintering machine begins manufacturing; bidding of the third batch of 203 sets of equipment is completed.

1,200,000-ton oxidized pellets project, accumulative investment completed is RMB 0.349 billion. Completed and put into trial production at the end of last Oct.; production process & technical adjustment and defect elimination are completed.

150,000-ton tar deep processing project, accumulative investment completed is RMB 0.115 billion. Completed and put into trial production at the end of Aug.; production processes are well-established, some products have been produced, and improvement in and adjustment to processes are in progress.

Yemaquan iron-zinc ore beneficiation project, accumulative investment completed is RMB 0.137 billion. The well construction project 613m tunneled, with an engineering volume of 12,500 m3, and supporting volume of 2,400m3. The explosive magazine, oil depot, and warehouse have all been completed.

As to Muli coal mine construction project, effective treatment of stope safety platform, north slope, stope roads, as well as south and north rock dumping spots were carried out in accordance with the provincial government’s requirements for Muli Mine’s safety infrastructure and comprehensive environmental treatment, and within the year, 20,500,000m3 rock dumping spots were treated, safety platform 12,940,000 m3, and slopes 15180000 m3.