Natural Resources

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The resources development business of Guoan Group focuses on the areas of non-ferrous metal, petroleum exploration and development, new energy, new materials, and fine chemicals. The companies involving in resources development include Baiyin Nonferrous Group Co., Ltd. and CITIC Guoan Chemical Co., Ltd.

Baiyin Nonferrous Group Co., Ltd.

Established in 1954, Baiyin Nonferrous Group Co., Ltd. (referred to as Baiyin Group) was formerly known as Baiyin Nonferrous Co., Ltd, one of the 156 key construction projects in the first Five Year Period. As the most important non-ferrous base of new China and the “eldest son” of the Chinese nonferrous industry, it has made great contribution to the Chinese nonferrous industry and listed as No. 1 for the cooper and sulfur production, output value as well as profits and taxes. In November 2008, Baiyin Group introduced the strategic investment of CITIC Group; in 2012, Baiyin Group completed the restructuring of mix ownership. Currently the shareholders of the company are CITIC Group, Guoan Group, SASAC of Gansu, Ruiyuan Foundation, Gansu Xinye State-owned Asset Operation Co., Ltd., Cinda Asset, China Orient Asset Management Corporation, Huarong Asset Management Corporation, Great Wall Asset Management Corporation, and Gansu Economic Cooperation Corporation, among which Guoan Group is the largest shareholder accounting for 35.86%.

With a registered capital of RMB 6.275 billion, Baiyin Group carries out comprehensive development of cooper, aluminum, lead, zinc, gold, silver, and sulfur with business of mining, dressing, smelting, processing, chemical industry as well as integration of production and trade. With a complete industrial chain and advanced technology, the company is a large corporation with influences in the nonferrous metal industry. By the end of 2014, Baiyin Group had an annual production capability of 4.1 million tons for silver mine mining, 200,000 tons for copper smelting, 300,000 tons for lead and zinc smelting, 13 tons for gold, 200 tons for silver, 80,000 tons for nonferrous metal processing, and 900,000 tons for sulfuric acid. In 2015, the company ranked 273rd in China Company Top 500 and 12th in the nonferrous metal industry..

In the next five years, Baiyin Group will focus on restructuring and business transformation, fully take advantage of the nonferrous metal resources and promote the business development, foster and promote the high-tech industries, consolidate the investment and trade business, deepen and expand the production service business, so as to form the new format of integrated development of modern manufacturing and modern service industry and co-development of heavy asset business and light asset business. On the basis of over RMB 10 billion of revenue, the company will further accelerate the pluralistic and spanning development and build itself a renowned multinational corporation ranking at the forefront of China Company Top 500.


South Africa Gold One International Ltd.

Controlled by Baiyin Group, South Africa Gold One International Ltd. is a company listed in South Africa (and Australia) and engaged in gold exploration and development in South Africa, Mozambique and Namibia. In the East Rand Basin near Johannesburg, Gold One owns major goldfields in East Modena, North Modena, and Main Modena and extending field in Pamozi; in the West Rand Basin, the company owns rand uranium and Ezulweni mining field. By the end of 2014, Gold One held a total resources of 505 tons, reserves of 38 tons, with annual capacity of 5 tons; in addition, Gold One held uranium resources of 47,900 tons and reserves of 18,000 tons.



Sibanye Gold Limited

Registered in South Africa, Sibanye Gold Limited is a listed company in both USA and South Africa with gold operations. As the largest gold company, it holds gold resources of 4003 tons and reserves of 1017 tons. Furthermore, it owns 33.1% shares of Rand Refinery, the largest gold refinery company in the world.

In August 2013, Gold One and Sibanye Gold reached to the merge agreement that the mining asset of Gold One in west rand would be consolidated into Sibanye Gold in exchange of 17% of the shares of Sibanye Gold. The transaction was completed on May 16, 2014. As of the closing date, for the delivery of stocks and the stocks increased at the open market, the stocks of Sibanye Gold owned by Gold One reached to 178 million shares, accounting for about 20% of the total shares. Thus, Gold One becomes the largest shareholder of Sibanye Gold. The consolidated Sibanye has become the largest gold company in South Africa and the world’s top 10 gold company.


CITIC Guoan Chemical Co., Ltd.

Established in September 2010, CITIC Guoan Chemical Co., Ltd. (referred to as Guoan Chemical) is located in the New Material Industrial Park of Dongming County, Shandong Province with a registered capital of RMB 500 million. The business scope of the company includes the production and sales of ethylene tar, styrene tar, residual oil, furfural extract oil, fuel oil (flash point greater than 60℃), wax oil, paraffin, asphalt, plasticizers, petroleum resins, slurry oil, light aromatics, heavy aromatics, pyrolysis distillate oil, rubber softeners, methallyl propyl chloride, methallyl alcohol, methane chloride and the like.

Its main production equipment is a comprehensive utilization facility with an annual production of 100,000 tons ethylene tar. With proprietary technology, this equipment is the first in China that can achieve full utilization of ethylene tar. It is the model of circular economy, innovation that can turn waste into treasure. The products are mainly used in rubber, brighteners, and fire resistance material. Its 200,000 tons mixed aromatic hydrogenation refinery equipment can add hydro to refine the liquid produced by the equipment in the first phase so that ?refined aromatics 1, 2, 3 can be produced which are widely used in high class furniture, cap painting, steel tile, clean energy. Its combined equipment of 30,000 ton/year methallyl chloride, 25,000 tons/year methyl allyl alcohol, and 17,000 tons/year methane chloride are the methyl allyl alcohol producing facility with largest output and highest quality. Methly allyl alcohol is the main raw material to produce high-grade cement water reducer, which is widely used in high speed train, airport, terminal and port. The products of the company have accounted for 60% of the world market and 80% of the Chinese market.

For the under constructing projects of the new material intermediate in methyl vinyl group, the total investment reaches to RMB 660 million. Implemented according to the 863 plan, the project will expedite the implementation of Made in China 2025 and The Belt and Road Initiative and realize the upgrade of the manufacturing industry.

Aiming to develop green economy, circulate economy, and social economy, Guoan Chemical fully exerts its technical and industrial advantages and adheres to the technical innovation and environment-friendly development concept. It plans to spend 3 to 5 five years to build Guoan Chemical into an unique ethylene tar utilization company and the largest manufacturing base of ?serials products in methyl vinyl group through technical research and development, merge and acquisition, cooperation, joint venture, and holding company as per the developing direction and target of Guoan Chemical with focus on fine chemicals, new energy and new materials on the basis of the existing manufacturing facilities.?


Qinghai CITIC Guoan Technology Development Co., Ltd.

Qinghai CITIC Guoan Technology Development Co., Ltd. was established in Kunlun Economic Development Zone in Golmud City in March 2003 with a registered capital of RMB 1.2 billion. As a high-tech chemical company in Salt Lake with integrated business of resources development, comprehensive utilization, technical research and development, R&D in new material and new product, the company is engaged in the research, development, manufacturing and sales of potassium, lithium, boron, and magnesium in Qaidam Basin and West Taijnar Salt Lake.

As a salt lake mining field with great potential deposits of magnesium sulfate, West Taijnar Salt Lake holds 26 million of potassium chloride in liquid reserves and 40 million tons in solid reserves; 3.08 million tons of lithium chloride, 1.62 million tons of diboron trioxide, 164,577,500 tons of magnesium chloride, and 221,9223 million tons of sodium chloride. Being a key enterprise to develop the western China, the company attaches great importance to technical research and development and comprehensive utilization. It has obtained 11 scientific and technological achievements and applied 18 national invention patents, among which 12 patents have been awarded. In 2009, the national Engineering Research Center was established upon approval of the National Development and Reform Commission. In 2013, upon approval of the Science and Technology Department of Qinghai Province, the company set up the Key Laboratory in Comprehensive Utilization of Sulfate Salt Lake. These patented technologies and R & D platform constitute a series of technologies to fully utilize the sulfate brine lithium, potassium, boron and magnesium. The company has set an technical example to exploit the resources of Qinghai Salt Lake and its scale to develop the salt resources ranks top among the Chinese companies in the same industry.

In 2008, the company won the First Prize in Science and Technology Progress awarded by Qinghai Municipal Government for its project Industrial production and promotion of of potassium magnesium fertilizer. In 2009, the Guoan brand potassium magnesium fertilizer and lithium carbonate was awarded Famous Product of Qinghai by Qinghai Municipal Government. In 2010, the company was awarded by the Ministry of Human Resources and Social Security, the National Development and Reform Commission the title of Company with Outstanding Contribution to the Development of Western China, and became the fourth batch of the 81 Pilot Innovative Enterprises approved by the Ministry of Science and Technology, SASAC and ACFTU. From 2006 to 2012, the company has won the title of Advanced Enterprise for Profits Generated and Taxes Paid for the seven consecutive years. In 2011, the company was awarded as the first 40 demonstration base for comprehensive utilization of mining resources approved by the Ministry of Land Resources and the Ministry of Finance. In February 2013, the company was listed as the third batch pilot unit of Green Mining Company by the Ministry of Land Resources.

After years of development, the company has equipped with the manufacturing facilities of annual output of 300,000 tons of potassium sulfate, 300,000 tons of potassium chloride, 45 0,000 tons of potassium magnesium fertilizer, 20,000 tons of lithium carbonate, 10,000 tons of refined boron acid, 100,000 tons of magnesium oxide as well as auxiliary production and living facilities in salt pan, power plant and living areas.

CITIC Guoan MGL Force Technology Co., Ltd.

The lithium business of Guoan Group is undertaken by CITIC Guoan MGL Force Technology Co., Ltd. which is a high-tech enterprise specializes in the research and development of lithium-ion force battery and energy storage lithium-ion battery used for new energy vehicles. It is also the company in China that can produce the high capacity manganese lithium-ion battery in large scale, and one of the leading companies in the world to achieve a large-scale application of power battery.

Strength in technical R&D

As the only power batter production company in CITIC Guoan Group, the company adheres to the principle of Making efforts to achieve harmony between man the Earth, works hard to master the core technology in power battery, and develops large-capacity lithium ion secondary battery with lithium manganese oxide spinel as the positive electrode material which is listed as one of the national 863 major projects. Its large-capacity lithium manganese oxide lithium power battery is awarded as the national innovative product and the national key new product, and included in the directory of Energy Saving Technology both in China and Beijing.

90AH Batter System

MGL company has focused on the research and development of lithium-ion battery used for electric vehicle for nearly 14 years. It not only has a system of core technologies with compete independent intellectual property rights and fruitful achievements in technical research and development, but also boasts of a high quality scientific research team covering multiple disciplines from the basic research to large scale production. Covering more than 10,000 square meter, the R&D center of the company is equipped with a full set of lithium-ion power battery cells and sophisticated equipment developed by the company. Having undertaken a dozen of national and local major technology development projects, the company has applied for more than 80 patents and won 2 Frist Prize of Beijing Science and Technology Progress Award and 1 Second Prize of the National Technology Progress Award,

Lithium Titanate Battery System

Products and productivity strength

MGL has a full range of manganese lithium-ion battery system and the key technical performance of its products has been listed top in the world. So far the company has launched three generations of power battery for Battery Only Electric Vehicle (BEV) and plug in hybrid electric vehicle (PHEV), wherein the first generation high-energy battery has been successfully applied in the green bus operation for Beijing Olympic Games, Shanghai World Expo, and Guangzhou Asian Games and the project of Beijing electric cleaning vehicles with good economic and social benefits; the second and third generation high-power battery is mainly used for the fast charge of BEV, dual-source trackless vehicle and PHEV, which have been in batch operation in more than 70 cities including Beijing, Shanghai and Guangzhou. At present, the company already has an annual output capacity of power battery in 100 million ampere and its production system has passed the ISO900 and ISO14001. In order to further improve the quality management, the company has fully introduced ISO/TS16949, the international standard for automobile industry and pass it, indicating that its overall process equipment and technology has been in a leading position both in China and in the world.

Strength in market and after-sale service

The brand effect of CITIC Guoan MGL Force Co., Ltd. is strengthening due to its leading technology, excellent performance and reliable quality. Currently, boasting more than 20% of the market share in power battery used for new energy vehicles, MGL has become a famous brand of power battery both in China and in the world and the company has established a stable partnership with many well-known automobile companies and key components manufacturers. As of September 2015, more than 100 car models equipped with MGL battery system manufactured by the mainstream automobile companies were included in the automobile product announcements by the Ministry of Industry and Information Technology and listed in the national Category of Recommended Applied Engineering Project of Energy-saving and New-energy Automobiles; there were over 10200 new energy automobiles equipped with MGL battery, the application of the battery product covered more than 70 cities in the 25 provinces of China, and the accumulated safe trip reached 550 million kilometers. Based on the sound after sales service system, relying on the outstanding and safe operation, and through the onsite service and rapid responding system, MGL company has ensured the perfect safe operation of the all the running electric vehicles: none of the running vehicles happened any accident with regards to safe operation of the battery and the capacity of safe operation lists No. 1 in the same industry.

Electrical Vehicle

Plug-in Hybrid Electric Vehicle (PHEV)

Company Vision

Relying on its strong resources, MGL will constantly build a high efficient team, strive to maintain a leading technology and improve its core competitiveness, continue to focus on the R&D, production and sales of lithium-ion battery and energy storage battery, and make efforts to be a leading supplier of lithium-ion battery and energy storage battery in China and in the world.