ShanDong Humon Smelting


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Acid Plant Database January 18, 2017

Owner	ShanDong Humon Smelting Co., Ltd.
Location	No.11 Shuidao Town Muping District Yantai City Shandong Province China 264109
Background	1988 - Company founded
Website	www.hbyl.cn www.humon.cn
Plant	-
Coordinates*	37° 10' 26" N, 121° 36' 1" E
Type of Plant	Metallurgical
Gas Source	-
Plant Capacity	H₂SO₄: 400,000 STPA Liquid SO₂: 10,000 STPA
SA/DA	-
Status	-
Year Built	-
Technology	-
Contractor	-
Remarks	-
Pictures
General	Shandong Humon Smelting Co., Ltd. is located in the beautiful Jiaodong peninsula with pleasant weather, where Laishan district, Wendeng city and Rushan city meet. It is separated from Yantai Harbor and Railway Station by a distance of 60 km, and 50 km from Yantai Airport, with transport facilities of sea, land and air. The Company was founded in 1988, and is mainly engaged in mining, concentration and smelting of gold, and the manufacture of chemical industry, etc. It is one of the professional gold-smelting companies assigned by the state. In 1997, it was reformed to a Limited-liability company granted by People’s Government of Shandong Province. With the perfection of the quality system management, the company passed the authentication of ISO9002 Quality System Certificate in February, 1999. The present mining and concentration capability and the annual output of gold have ascended to the top rank in the national gold industry. There are 7 gold mines like Muping Lazigou gold mine, etc and 6 non-mine subsidiaries of transportation, jeweler’s and gas station. The Company possesses assets worth 908 million yuan, with staff and workers of 1800. Its main products and scale: annual production of gold is 10 tons, silver 40 tons, electrolytic copper 2000 tons, sulphuric acid 400,000 tons, liquid sulphur dioxide 10,000 tons, 3.3’—dichlorobenzidine hydrochloride 2,000 tons and sodium methoxide 2000 tons. The complete sets of mining and concentration can produce 1,200 ton per day so as to realize the annual income for sales of 1 billion yuan. The company, for many years running, has been awarded “Star Enterprise” and “Advanced Unit for the Construction of Spiritual Civilization” by the district committee and the district government. It was also awarded by the department concerned from the province the titles of “AAA” credit enterprise, “Advanced Enterprise” and “Advanced Unit for Secure Environmental Protection”, etc.
References	-
News	April 9, 2009 - China reported that the net profit of gold smelter Shandong Humon Smelting reached CNY 187.8 million last year jumping by 79.38% on an annual basis. Humon Smelting's operating revenue expanded by 67.42%YoY to CNY 2.13 billion in 2008. The company attributed both increases to higher gold prices, growing gold output, as well as record-high prices of sulfuric acid, a by-product from gold smelting, during the first three quarters of 2008. Humon Smelting generated sales revenue of CNY 1.57 billion by selling its entire gold output through the Shanghai Gold Exchange last year, where the average gold price for 2008 was CNY 194.04 per gram, up 11.08%YoY. Looking ahead to 2009, the company expects to generate operating revenue of CNY 2.49 billion and a net profit of CNY 150 million and will be hampered to an extent by the sluggish metals market and the Chinese economy. In the coming years, Humon Smelting aims to expand its production capacity and secure additional gold resources through ongoing exploration and acquisitions of local miners. It currently owns exploration rights to a gold deposit spanning 31.07 square kilometers as well as mining rights to a 3.38-square kilometer area. As it only held 15.17 tons of proven gold reserves at the end of 2006, the company has to purchase the majority of the raw material it requires for its gold smelting operations. Shandong-based Humon Smelting has an annual output capacity of 8 tons of gold, 40 tonnes of silver, 2,000 tonnes of refined copper, 400,000 tonnes of sulfuric acid, as well as 19,000 tonnes of various chemicals. The company raised CNY 610 million through its initial public offering in May 2008, and used the funds to finance a technical upgrade project that is scheduled to be completed by the end of this year to improve recycling of complex gold ore concentrate.

MTPD - Metric Tonne per Day STPD - Short Ton per Day
MTPA - Metric Tonne per Annum STPA - Short Ton per Annum
SA - Single Absorption
DA - Double Absorption

* Coordinates can be used to locate plant on Google Earth