Dexing Yifeng Recycled Nonferrous Metals Co., Ltd. Project Introduction

Company Introduction

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The company is located inDexing City, China's thousand year copper capital, covering an area of about340,000 square kilometers, equipped with copper recycling, zinc recycling,tinlead alloy

recycling and rare precious metal recycling production lines aswell as pretreatment volatile rotary kiln and drying kiln production line.

The company has obtained four invention patents, morethan 30 utility model patents, and ISO9001, ISO14001 certification. It has oneengineering technology research center of "Shangrao Urban Mine Developmentand Hazardous Waste Harmless Resource Utilization", one "ShangraoMunicipal Enterprise Technology Center", and has been granted the title of" New SpecialExpertise" and Provincial "Little Giant". It is aprovincial informatization and industrialization integration demonstrationenterprise, with one enterprise postdoctoral research workstation(preparation), and an industry-university integration research base establishedwith China Universityof Mining and Technology

and Zhejiang GongshangUniversity.

The core advantages of theproject

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    Yifeng EnvironmentalProtection Project has the below advantages:

    Large scale of approval and wide categories

    Sufficient emission indicators

    Great location

Experienced technical team

    Etc.

Scale and categoryadvantages:

     1. EIA approved, the annualprocessing capacity is 298,000 tons.

     2 .The types of hazardous waste treatment cover five categories and 27 codes.

Location advantages:

1.    Located in the central part of the country, withconvenient transportation, the radiation area covers the Pearl River Delta,Yangtze River Delta, Beijing-Tianjin-Hebei and Bohai Rim of China.

2.    Dexing Copper Mine, where the project is located,is the largest copper mine in Asia, with abundant sources of low-priced copper-bearingraw materials.

3.    It’s located in the mountain recess, surrounded bymountains on three sides, single household, and large space for land expansionin the later stage.

Emission index advantages:

      1. The total emission control index of heavy metal pollutants is large (thelargest in Jiangxi Province).

      2. The total amount of major pollutants and emission indicators aresufficient.

      3. Zero discharge of production sewage. Solid wastecan be sold to cement plants for recycling.

Team technical advantages:

      1. The main team of thecompany is mainly from China Nonferrous Metal Group and Jiangxi Copper CorporationLimited, all of whom have at least ten years

            of industry experience.

      2. Maintain long-term good cooperation with the School of Metallurgy andEnvironment of Central South University and Zhejiang Gongshang University,

conduct special discussions on the topic of non-ferrous metal resourcerecycling and cleaner production, and have obtained more than 30 patentsreported and granted.

Scale and indicatoradvantages

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1.    EIA approval: In 2016, the Department of Ecologyand Environment of Jiangxi Province approved the application for the annualdisposal of 298,000 tons of copper, zinc, lead and tin waste for the Yifengenvironmental protection project.

2.    Hazardous waste operation license: In January 2020,the Department of Ecology and Environment of Jiangxi Province issued a temporaryhazardous waste operation license to the project, and replaced the 5-yearhazardous waste certificate in April 2021. The project is ranking the top fivein Jiangxi Province in terms of

comprehensive disposal scale capacity.

      Approval scale

1.    The EIA approval disposal capacity is 298,000tons/year, covering five categories: HW17, HW22, HW23, HW31, and HW48, with 27codes.

2.    Heavy metal emission index: 1160kg/a (includinglead emissions 958.2kg/a, arsenic emissions 190.9kg/a, cadmium emissions10.8kg/a)

     Capacity scale

     Capacity of Phase One:

1.    Pretreatment rotary kiln system: annual output of10,000 tons of zinc oxide

2.    Copper recovery system: annual output of blackcopper 44,500 tons, anode copper 66,000 tons

3.    Tin lead recovery system: annual output of refinedtin 4020 tons, by-product I lead 836.4 tons

4.    Zinc recovery system: annual output of 20,000 tonsof zinc sulfate monohydrate and 2.7 tons of indium

Approval and licensequalifications

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Enjoy the resource tax rebate policy for hazardous waste disposal andresource recycling enterprises, and enjoy the 15% income tax policy forhigh-tech enterprises

Medium-term and long-termproject planning

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Phase I (completion of reconstruction and expansion of four productionlines, completion of trial production and environmental protection acceptance,and acquisition of 5-year hazardous waste business license)

      1. The total investment of the first phase of the project is 500 millionChinese yuan.

      2. The basic elements of the project such as environmental protectionacceptance and linkage trial production have been completed.

Phase II construction(electrolysis and rare precious metal refining)

       1. The project reserves 66,667 square meters of vacant land, plans to add 50,000tons/year of comprehensive disposal capacity, and increase zincrecovery-electrolytic zinc production line, copper recovery-electrolytic copperproduction line, and rare precious metal recovery system.

2.   A natural gold mine (acquired in 2019) on theProject site has reserves of approximately 2.1 tons of metal, and its tailingsreservoir can continue to be used after recovery, which is in the late stage ofthe project.Improve the gold grade ofthe product and further refine the rare precious metals as a paving.

Phase III construction(addition of harmless disposal lines)

      1. It is planned to increase the comprehensive disposal capacity of 200,000tons/year, and use the natural conditions of the project park to build alandfill of

about 2 million cubic meters.

2.    After the third phase is completed and put intooperation, it is expected to achieve an output value of about 8 billion Chineseyuan and a net profit of about 1 billion to 1.2 billion Chinese yuan.