Sinomine Resource Group Co., Ltd.

Company Profile

The company is the leading manufacturer and supplier of battery-grade lithium hydroxide, lithium carbonate and lithium fluoride in China, the world's leading enterprise in the field of cesium rubidium salt fine chemical industry, the largest supplier of cesium formate used in high-temperature and high-pressure oil and gas wells, and China's first A-share listed company for solid mineral exploration overseas. Following the “Belt & Road" initiative, Sinomine has been vigorously exploring the international market, and participating in global resource allocation. Sinomine owns 73 major high-quality mineral properties in different places in the world, including the Bikita mine in Zimbabwe, the Tanco mine in Canada,the Shifuma Copper Mine in North-Western Province,Zambia,the Kitumba mine in Zambia and so on.The Bikita Lithium mine has permeated lithium feldspar and spunene type ores with caesium garnet. The Bikita Lithium mine currently retains lithium resources of 107,419,400 tons of ore, equivalent to 2,708,500 tons of lithium carbonate equivalent (LCE). Tanco mine in Canada is rich in pollucite and spodumene mineral resources.Under the open-pit mining plan, the Tanco Mine has retained 29,000 tons of Cs2O metal resources and 141,800 tons of Li2O metal, equivalent to 350,400 tons of lithium carbonate equivalent (LCE). The production capacity of Sinomine at Resource End:Up to now, the company has a processing capacity of 4.18 million tons/year. The "Bikita Lithium Mine 2 million tons/year (spodumene) Construction Project" and "Bikita Lithium Mine 2 million tons/year (lithium through feldspar) reconstruction and Expansion Project" invested and built by the company were completed in July 2023 and officially put into trial production. On November 9, 2023, after orderly equipment installation, commissioning and trial production, the aforementioned two projects have achieved stable production, reached the production capacity and product quality of the project design and planning, and achieved the production standard. The two projects have an annual output of about 300,000 tons of spodumene concentrate and 300,000 tons of chemical grade permeable lithium feldspar concentrate respectively, greatly improving the raw material self-sufficiency rate of the company's lithium salt business. The Tanco mine in Canada, which belongs to the company, has a production capacity of 180,000 tons per year for spodumene mining and beneficiation. The production capacity of Sinomine at Smelting End: Up to now, the company has a total production capacity of 66,000 tons/year of battery-grade lithium salt in Xinyu, Jiangxi province: 25,000 tons/year of battery-grade lithium carbonate/lithium hydroxide, 6,000 tons/year of battery-grade lithium fluoride and 35,000 tons/year of high-purity lithium salt project.In June 2025, to further reduce the production cost of the lithium salt business and accelerate the promotion of a green and low-carbon development model, Jiangxi Zhongkuang Lithium Industry carried out a comprehensive technological upgrading and transformation of its lithium salt production line with an annual output of 25,000 tons, and invested in the construction of a technical renovation project with an annual output of 30,000 tons of high-purity lithium salt. After the project is completed and put into operation, the company will have a total battery-grade lithium salt production capacity of 71,000 tons per year. The comprehensive competitiveness of the company's lithium salt business will be further enhanced, enabling it to better cope with industry changes and market challenges.The company's lithium business has a good market reputation, and owns downstream customers that cover a number of listed companies and high-quality head enterprises at home and abroad. Among them, battery-grade lithium hydroxide and battery-grade lithium carbonate entered the supply chains of leading Chinese and Korean cathode materials companies, and battery-grade lithium fluoride entered Tesla's global supply chain system. With excellent and stable product quality and effective cost control measures, the company has become one of the leading suppliers of battery grade lithium fluoride, battery grade lithium carbonate and battery grade lithium hydroxide in China. Cesium and rubidium salt products owned by the company continue to be used in the field of fine chemicals. Cesium formate products aim at the Blue Ocean Market with environmental protection and high efficiency and are widely used in the North Sea and other areas in Europe. What’s more, Sinomine has actively explore business in the Indian ocean region, the Malaysian waters, the Gulf of Thailand region, the Chinese Sea. At the same time, the company has carried out its own or cooperative mining development for several projects with an innovative geological exploration and business model, so that the company can achieve leapfrog development in recent years. In recent years, the company has proactively adjusted the business direction of solid mineral exploration. On the one hand, it provides technical support to its own mines. On the premise of ensuring the smooth progress of mining operations, it conducts exploration in the areas around its own mining areas to search for potential resources and increase the company's resource reserves. On the other hand, it gives full play to its professional advantages in solid mineral exploration, effectively improving the company's M&A efficiency and reducing M&A costs during the process of new resource acquisitions, laying a foundation for the sustainable development of the company's mining rights development business and facilitating the smooth implementation of the company's strategic layout for multi - metal business. In 2024, the company acquired a 65% stake in the Kitumba Copper Mine project in Zambia and a 98% stake in the Tsumeb project in Namibia, and launched the investment and construction of the integrated mining, beneficiation and smelting project for the Kitumba Copper Mine and the 200,000 - ton/year multi - metal comprehensive recycling project for Tsumeb. As of now, both the Kitumba project and the Tsumeb project are progressing smoothly as planned. After the completion of the two projects, they will bring new profit growth points for the company. In the future, the company's business sectors will firmly adhere to the business philosophy of " resources based, new materials focused, capital supporting, and excellence in standardization ", implementing the Group's goal of "coordinated development, maintaining stable and long-term progress", which could help to strive to achieve "to be a world-class resource-based mining company" and live up to the trust of society and investors.