Company Profile of Liangshan Mining Co., Ltd.

Liangshan Mining Co., Ltd. was established on September 1, 2001. The company is located in Xichang City, Sichuan Province. It is composed of Sichuan Lala Copper Mine, Yunnan Copper (Group) Co., Ltd., and Yunnan Copper. Co., Ltd., Yunnan Chuxiong Mining and Metallurgy Co., Ltd., and Sichuan Kangxi Copper Co., Ltd. were jointly initiated and established by five companies, and controlled by Yunnan Copper Group. The company has a registered capital of 600 million yuan and is mainly engaged in the production and sales of copper, nickel, cobalt, molybdenum, iron and other concentrate products, copper-nickel-cobalt-molybdenum smelting, mining development and technical services. There are nearly 3,000 employees.

After 10 years of scientific and strong development, Liangshan Mining has strong reserves of resources, leading scientific and technological progress, advanced management innovation, advanced cultural construction, excellent talent team, and harmonious internal and external environment. It was established with a scale of only 1,500 tons/day. The copper mine has rapidly developed into a production scale of 200 million tons per day. It is a modern mining group with 14 holding and joint-stock companies (enterprises), forming a cross-regional, cross-ownership, cross-mining, dressing and smelting industry, and cross-copper, nickel, cobalt and molybdenum The business structure of iron products has explored and opened up a sustainable development path with "Liangshan Model" and "Liangshan Speed" as the core, and promoted the company's scientific development, harmonious development, innovative development and leapfrog development. The company's Lala Mining Area is currently the largest open-pit copper mine in southwest China, and its Kunpeng Company's 100,000 tons/year anode copper smelting project is currently the largest copper smelting project in Sichuan Province.

Liangshan Mining Co., Ltd. seeks truth and pragmatism to develop, takes advantage of the situation, and formulates the "5281" vision goal of building a "10 billion Liangshan Mining Industry" in 2015 in accordance with the requirements of the Scientific Outlook on Development to comprehensively enhance the company's core competitiveness. That is, by 2015, the company will retain 5 million tons of available non-ferrous metal resource reserves; the output of main products will reach 200,000 tons (including 140,000 tons of anode copper, 50,000 tons of ferronickel, and 10,000 tons of electrolytic nickel); comprehensive recycling of associated nonferrous metals Metal output is 800 tons (including: 400 tons of molybdenum metal, 380 tons of cobalt metal, 5 tons of gold, and 15 tons of silver); sales revenue is 10 billion yuan. Achieve employee income to double on the basis of the "Eleventh Five-Year Plan", achieve bigger and stronger, and build a first-class modern enterprise in southwest China and a well-known domestic one.

The company ranks among the largest and most profitable non-ferrous metal mining and processing industries in Sichuan Province, the top 200 largest industries in Sichuan Province, and the top 100 enterprises in Sichuan. It has won the "National May 1st Labor Certificate" and "Central Enterprises" "Advanced Collective" and other titles, the company's Party Committee was rated as "Advanced Grassroots Party Organization in Sichuan Province" and "Advanced Grassroots Party Organization of Chinalco".