Penglai Mining Co., Ltd. of Shandong Gold Group is jointly funded by Shandong Gold Nonferrous Mining Group Co., Ltd., a wholly-owned subsidiary of Shandong Gold Group, and the former Penglai Hexi Gold Mine Co., Ltd., of which Shandong Gold Nonferrous Mining Group Co., Ltd. holds 5 1%. The company was established on February 9, 2008 with a registered capital of 50 million yuan. Now it has two mining rights, covering an area of 4.29 15 square kilometers; 6 exploration rights, covering an area of 52.94 square kilometers; The production capacity is 800 tons/day.
201September 18, the signing ceremony of the strategic cooperation agreement between Shandong Gold Group and Penglai Municipal People's Government, the equity transfer agreement of Penglai Jinchuang Group Company and the equity transfer agreement of Penglai Daliuhang Gold Mine was held in Penglai.
At present, the assets of Shandong Gold Penglai Company do not include Heilangou Gold Mine and Daliuhang Gold Mine.