Commercial Capabilities
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Yaosheng takes tungsten as main business, and acquired export management rights, as a mining enterprise with an industrial chain of production, supply and marketing of products, including mining, ore dressing, process, smelt, powder process, hard alloy, etc., which key enterprises supported by Jiangxi and would like to be listed.
Company registered capital of 268.53 million CNY, and total assets were 1.6 billion CNY. At present, it has two immediate mines, three exclusively invested mining companies (including mines), and four tungsten products processing factories with about 3,000 employees. The yearly capacity of tungsten concentrates was 3,000 tons, along with a certain amount of molybdenum, tin, copper, lead, and zinc ore. The annual capacity of ammonium paratungstate (APT) was 9,000 tons, BTY/YTO 6,000 tons, tungsten powders 4,000 tons, tungsten carbide powders 2,500 ton, ready-to-press powder 2,000 tons, cemented carbide products 1,000 tons.
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