Shandong Hengbang Smelting Co., Ltd. is located in Jiaodong Peninsula with beautiful environment and pleasant climate, at the intersection of Laishan, Wendeng and Rushan in Yantai, 60 kilometers away from Yantai Port, 60 kilometers away from Yantai Railway Station and 50 kilometers away from Yantai Airport, with convenient transportation.
The company was established on1Feb. 8, 1994/kloc-0, mainly engaged in gold exploration, mining, mineral processing, smelting and chemical production. National key gold smelting enterprise with annual output of 8 tons of gold, 40 tons of silver, 2,000 tons of electrolytic copper, 400,000 tons of sulfuric acid and 0/0.5 million tons of liquid sulfur dioxide. According to the statistics of China Gold Association, in 2006, the company's gold output accounted for 6.38% of the national gold smelting enterprises, ranking fourth.
The company is a high-tech enterprise recognized by the Science and Technology Department of Shandong Province, a comprehensive resource utilization enterprise jointly recognized by Shandong Economic and Trade Commission, Shandong Provincial Department of Finance, Shandong Provincial State Taxation Bureau and Shandong Provincial Local Taxation Bureau, and an advanced enterprise for resource conservation and comprehensive utilization in Yantai City. It is the second-class enterprise of safety standardization for metallic and nonmetallic mines (the first batch) and the second-class enterprise of safety standardization for employees of dangerous chemicals approved by Shandong Provincial Administration of Work Safety. It is an advanced unit and demonstration unit of safety production management in Yantai, an AAA enterprise with harmonious labor relations in Yantai, and an advanced unit of employment and social security commended by Shandong Provincial Department of Labor and Social Security and Shandong Provincial Federation of Industry and Commerce. At the same time, the company is also a member of Shandong Mining Association, a director of China Gold Association and a designated enterprise of China People's Bank. 1February 1999, the company passed the ISO900 1:2000 international quality system certification. On May 20th, 2008, 24 million A shares of the company were successfully listed on the Shenzhen Stock Exchange.