Longyu Vanadium Industry Co., Ltd. is a wholly-owned subsidiary of Luoyang Yuhua Molybdenum Co., Ltd. (hereinafter referred to as “Yuhua Molybdenum Industryâ€). Since November 2005, it has obtained the mining rights of the above mining areas. It has passed project approval and environmental protection approval of mines. Safety pre-evaluation and other procedures, but because there is no suitable smelting and vanadium extraction process, the mine has not been mined.
Liu Di, representative of Guoxing Optoelectronics Securities Affairs, told New Industry that the acquisition is entirely owned by its own funds, mainly for the purpose of obtaining mineral resources for the production of vanadium pentoxide, and the company's current main business and the realization of the LED industry chain. The layout doesn't matter much.
The reporter learned that Baoli Vanadium Industry is a project invested by Guoxing Optoelectronics in its own capital of 60 million yuan in August 2011. It has been accepted by Nanyang Xicheng Technology Co., Ltd. as a kind of “clean extraction from vanadium-containing materialsâ€. Invention patent for the method of vanadium pentoxide. The acquisition of Longyu Vanadium Industry, Guoxing Optoelectronics hopes that through this patented technology, the Longyu vanadium industry vanadium ore resources will be used to refine and produce vanadium pentoxide, and all of them will be sold.
Liu Di said that the current specific mining time is still uncertain, and it is necessary to obtain the smelting EIA report issued by the Henan Provincial Environmental Protection Department and the safety production license issued by the Nanyang Safety Production Administration.
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