History

Humon Group, established in 1988

was a county enterprise in the earlier stage known as “Muping Cyaniding Factory”. It smelted and produced gold with roasting cyanide process and produced sulfate at the same time. The first and second phase of the project were respectively accomplished and put into production in 1991 and 1995.

 

In 1994, it was restructured to a limited liability company of state holding and employee holding and renamed as “Muping Oriental Smelting Co., Ltd.”

 

In 1997, it was regulated and renamed as “Shandong Oriental Smelting Co., Ltd.” with the approval of Shandong People’s Government.

 

In 2002, all its state-owned shares were withdrawn.

Since 1996, it has purchased successively seven gold mines such as the original “Muping Jinniu Mountain Gold Mine”, “Muping Hagou Mountain Gold Mine” and “Muping Fuludi Gold Mine”, etc. and the enterprises such as the original “Muping Chemical Factory”, “Muping Phosphate Fertilizer Plant” and “Muping Detergent Factory”, etc. and developed the projects such as machinery, printing, clothing, foreign trade, catering and tourism, etc.

In 2002, the company took the lead in introducing the advanced technology of foreign gold concentrates in the industry to realize upgrade in the shortest time.

 

In order to promote sustainable, healthy and rapid development, the company optimized assets and established Yantai Humon Group in Jun. 2003.

 

In 2008, the Group subsidiary, Shandong Humon Smelting Co., Ltd., was successfully listed, which became the milestone of the enterprise development, and motivated the rapid expansion and development of the Group. The enterprise seized new development opportunity, incessantly improved the overall strength with capital operation, and strived to create the most competitive enterprise of gold smelting and resources comprehensive utilization in China. The enterprise invested successively more than RMB one billion on purchase of a batch of gold mines, and construction of new large projects, and will put them into production in succession. The Group’s strength has been greatly enhanced, and is qualified for rapid expansion and development. Its four large plates are gradually formed, which include “Gold Mines Smelting, Chemical Production, Mechanical Manufacturing and Commercial Distribution”.

 

In 2010, Humon Chemical Industry Recycling Economy Industrial Park is carried forward smoothly and the Group’s sales revenue reached more than RMB 6 billion.

In 2013, Humon Group’s sales revenue reached more than RMB 14.5 billion.                

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