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In 2007, Delixi set up Seade International Mining Group (SEADE) in Beijing. It is primarily engaged in the business of investing in and managing energy and mineral resources and integrates prospecting, mining, dressing, smelting, research and trade. It has four subsidiaries and has acquired three mining rights and three prospecting rights. Mineral resources owned by it include coal resources in Huangshan Village, Lucaoquan, Dingjiawan and Sigonghe in Fukang, Xinjiang, stone coal (vanadium) ores in Huluping and Xi Village in Jingzhou County, etc. Delixi has also taken a stake in a number of national key projects such as Xinjiang Kuishan Baota Petrochemical and Qingshan Iron & Steel and Copper Smelting.
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Seade international mining group |
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Kuishan Baota petrochemical |
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Qingshan Steel
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| Seade international mining group |
SEADE International Mining Group, founded on January 26, 2007, is an investment platform for Delixi Group to develop mineral resources, which is specializing in investing in and operating energy and mineral resources. It integrates exploration, mining, beneficiation, smelting, research and trade for reasonable development and utilization of mineral resources. The Group implements standard management and promotes technological progress in accordance with the operation mode and management experience of the international benchmarking mining companies.
With twelve affiliated companies in total, the Group has obtained 6 mining licenses and 19 prospecting licenses with the exploration rights total area of up to 450 square kilometers, involving coal, gold, copper, lead and zinc, molybdenum and other minerals species, of which coking coal reserves are about 500 million tons.
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| Kuishan Baota Petrochemical |
Xinjiang Kuishan Baota Petrochemical Co., Ltd. has invested in and constructed supporting and recycling economical and integrated utilization project of heavy oil olefins and aromatic hydrogen and in Xinjiang Kuntun - Dushanzi National Economic and Technological Development Zone, including 8 million tons / year heavy oil olefins and aromatic hydrogen project, 6 million tons / year of metallurgical injection materials and 2 × 350MW cogeneration project. It is listed as a key project in Xinjiang Autonomous Region and Yili Autonomous Prefecture.
With total investment of about 28.38 billion RMB, it covers an area of 647.72 hectares and creates 6,000 jobs. After completion and start of operation, it will realize an annual sales income of 55.37 billion RMB, an average annual sales tax of 1.955 billion RMB, and an average annual total profit of 6.26 billion RMB. The project is planned to be completed within five years. In April 2011, it has fully started construction, adopting the oil, coal, chemical, electrical, and thermal integration technology to construct the low-carbon technology demonstration project.
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| Qingshan Steel |
As a picturesque coastal city, Dingxin Stainless Steel Project, Fujian, is located at Wanwu Economic Development Zone, Fuan City. The project has a total investment of 1.7 billion RMB, planned to produce 300,000 tons of nickel alloy and deep processing supporting projects and build one one-million-ton hot-rolled production line. On completion of the project, the annual output value will reach 10 billion RMB and more than 2,000 jobs. It will further drive the in-depth development of the downstream nickel alloys industry and boost the economic development in Fu’an City and even the eastern Fujian Province for a magnificent and beautiful development blueprint.
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