Mineral Resource Exploitation

With advantages accumulated in years of foreign business, WIETC established Weihai Wanfang Mining Investment Co., Ltd to expand mineral, forestry and other resource development businesses, and has got rapid development in nearly 10 African countries, including potassic salt ore project and oil & gas exploration in The Republic of Congo, 760,000 hectares of forest logging project in Mozambique and more than 20 metal mining rights in The Republic of Congo, Democratic Republic of Congo, Mozambique, Kenya, Uganda and other countries which are being explored one by one. The mineral resource development business is growing into another pillar industry of the Company.