In recent years, China's annual export of tungsten products accounted for 50% of global tungsten consumption. As an export-oriented tungsten industry, it was the first to bear the brunt of the international financial crisis. In the crisis, a small number of small enterprises with small processing capacity and low processing capacity in Dayu County fell to the ground, and there were also tungsten rookies like Dayulong Xintai Tungsten Industry Co., Ltd., which invested 1 billion yuan to process tungsten products... Experience the baptism of financial crisis The Dayu Tungsten Industry is looking forward to breaking through the haze and reviving the glory of the past.
It’s hard to do with rice.
“In the first half of this year, the overall efficiency of tungsten production enterprises in Dayu County declined, and the loss was relatively large. The sales revenue and tax revenue of tungsten enterprises above designated size decreased by 40.5% and 67% respectively compared with the same period of last year.†Recently, Dayu County Economic and Trade Commission The staff introduced the author to me. “This is the biggest loss in my county in recent years.â€
"It is difficult to do with rice." The author learned from the Dayu County Bureau of Geology and Mineral Resources that the county has proven reserves of 331,700 tons of tungsten, and now has reserves of 150,000 tons, ranking the forefront of counties (cities) in the country. These scarce resources have not kept Dayu County away from the effects of the financial crisis. Since October last year, Dayu County’s mineral products companies have stocked about 5,000 tons of tungsten concentrate. The increase in inventory and the difficulty of capital turnover have also followed. The county's major tungsten processing enterprises have a funding gap of more than 300 million yuan. This kind of out-of-stock transaction is the main reason for the troubled tungsten industry in the county.
In addition, some tungsten mine enterprises in Dayu County have small scale, low correlation and poor anti-risk ability. Among the 43 mineral processing enterprises in the county statistics, more than 30 companies have stayed in the distribution of wool mineral products. The processing level and management methods are basically selling, selling, and hoarding. This type of operation has caused tungsten prices to rise and fall. This phenomenon is particularly prominent in the financial crisis. At the same time, the mines are scattered, the processing is scattered, the structure is single, the management is extensive, the enterprise is difficult to become bigger and stronger, and the leading enterprises with obvious driving effects are lacking. These factors also make the Dayu tungsten industry difficult.
The product has low technical content, short industrial chain and poor efficiency. Among the 43 enterprises in the county of Dayu County, 30 companies only stay in the processing of primary and intermediate products, and the application of products is blank. The business still focuses on the production and sales of primary products, the industrial chain is short, and the enterprise is not strong. Only the companies that have the ability to produce ammonium paratungstate are only Weiliang, Haichuang and Jincheng. As the cost of materials increases and the profit margin shrinks, the benefits plummet.
Cultivate the "tungsten giant" risk
Holding the precious tungsten resources, but falling into the economic downturn, Dayu County began to focus on improving the tungsten industry development plan. Since October last year, Dayu County has been mulling a “big hand†of mineral resources integration.
In order to cultivate the "giant" of the tungsten industry, the county introduced the powerful Huawei Mining and Longxintai Tungsten Industry as key support. According to the idea of ​​“two integrations and two concentrationâ€, Dayu County integrates some mining enterprises of the county into two major resource sectors, which are respectively allocated to Dayu Huawei Mining Co., Ltd. and Dayulong Xintai Tungsten Industry Co., Ltd. Tungsten industry group integrating smelting, processing and application. The integration of mineral resources mainly involves 14 mining rights and 16 exploration rights. The county integrated 9 mining rights such as Baijing Mining Area into Dayu Huawei Mining Co., Ltd., and allocated 9 exploration rights to the company to form the resources section of Dayu Huawei Mining Co., Ltd. Four mining rights, such as Tiezhai Mining Area, were integrated into Dayulong Xintai Tungsten Industry Co., Ltd., and seven exploration rights were allocated to the company to form the resources section of Dayulong Xintai Tungsten Industry Co., Ltd. Taking the Wutang Tungsten Mine as the main body of integration, the Zanggangshan mining area and the floating pond mining area will be integrated into one mining right holder.
Resource integration brings new vitality to the mining industry. The two tungsten processing enterprises have gone against the market in the financial crisis, and they have invested heavily in the establishment of tungsten deep processing production lines. In the case of a sluggish tungsten price market, Dayulong Xintai plans to invest 1 billion yuan in three years to build a first-phase APT, 3945 tons of tungsten powder and 1,500 tons of tungsten carbide. The second phase will produce 1,000 tons of tungsten and 2000 tons per year. Cemented carbide project.
At present, the company has invested 150 million yuan to complete the first phase of the main project to complete the installation of APT equipment. After the two phases of the project are put into use, the sales income will be 200 million yuan and the tax will be 6 million yuan. Taking advantage of the decline in raw materials, the company has completed a total investment of 105 million yuan to build a high-tech wet-process workshop and powder workshop, and completed the main construction of 11 plants. Huawei Mining, which is also supported by the advantages of tungsten resources, has invested 300 million yuan to actively cooperate with the county's resource integration and construction of deep processing projects.
Whether the tungsten industry is "surprising"
At the beginning of this year, Ganzhou City issued the "Opinions on the Work of Tungsten and Rare Earth Products Reserve in Zhangzhou City", and Dayu County Weiliang Tungsten Industry Co., Ltd., Dayu County Jingwei Tungsten Industry Co., Ltd. and Dayu Wanda Trading Co., Ltd. The first batch of tungsten products has a reserve fund of 50 million yuan. In addition to the long-term scientific implementation of resource integration in Dayu County, the tungsten industry in Dayu County has basically resumed normal production.
The international financial crisis has not yet bottomed out, is the gradual revitalization of the surplus tungsten industry a surprise? Relevant persons of the Dayu County Economic and Trade Commission believe that the risk of the surplus tungsten industry still exists. The financial crisis has led to a sharp decline in the price of mineral products and a shrinking market. The natural preservation and high added value of scarce resources have not brought the mining into safe havens. Many of the shortcomings of the mining industry itself are the root causes of the crisis.
In response to risks, Dayu Tungsten must continue to increase resource integration, adjust the structure of the tungsten industry, enhance the deep processing capacity of tungsten products, vigorously promote the integration of mining resources, and form a large-scale consortium integrating mining, smelting, science, industry and trade. , continue to promote the optimization and upgrading of the mining industry. Tungsten enterprises should improve their independent innovation capabilities, actively develop new products and technologies that adapt to the market, introduce strategic investors with financial strength and technological advantages, reorganize and restructure existing smelting enterprises, extend the industrial chain, and realize deep processing of tungsten. Breakthroughs in application products.
In response to risks, the surplus tungsten industry should establish a reserve and recovery system for tungsten resources to enhance its ability to withstand risks. As a non-renewable mineral resource, mining and prospecting are not only costly, but also the output is sharply reduced. Together with the increasing consumption, it is bound to threaten the survival of deep processing enterprises. Therefore, it is necessary to support and encourage the powerful enterprises in Dayu County to conduct commercial joint ventures and develop mines outside the county, establish a non-ferrous metal mine development base such as tungsten, make full use of various resources and multiple markets, and establish stable external resource supply channels. . At the same time, support and encourage the recycling of secondary resources such as waste and minerals, and improve the comprehensive utilization of resources. It is necessary to strive for state support, establish and develop smelting and processing bases for waste and other mineral products, develop comprehensive utilization enterprises for renewable resources, accelerate the development of secondary resource recovery technologies, establish a recycling network for waste products such as waste tungsten, and broaden the sources of resources.
It’s hard to do with rice.
“In the first half of this year, the overall efficiency of tungsten production enterprises in Dayu County declined, and the loss was relatively large. The sales revenue and tax revenue of tungsten enterprises above designated size decreased by 40.5% and 67% respectively compared with the same period of last year.†Recently, Dayu County Economic and Trade Commission The staff introduced the author to me. “This is the biggest loss in my county in recent years.â€
"It is difficult to do with rice." The author learned from the Dayu County Bureau of Geology and Mineral Resources that the county has proven reserves of 331,700 tons of tungsten, and now has reserves of 150,000 tons, ranking the forefront of counties (cities) in the country. These scarce resources have not kept Dayu County away from the effects of the financial crisis. Since October last year, Dayu County’s mineral products companies have stocked about 5,000 tons of tungsten concentrate. The increase in inventory and the difficulty of capital turnover have also followed. The county's major tungsten processing enterprises have a funding gap of more than 300 million yuan. This kind of out-of-stock transaction is the main reason for the troubled tungsten industry in the county.
In addition, some tungsten mine enterprises in Dayu County have small scale, low correlation and poor anti-risk ability. Among the 43 mineral processing enterprises in the county statistics, more than 30 companies have stayed in the distribution of wool mineral products. The processing level and management methods are basically selling, selling, and hoarding. This type of operation has caused tungsten prices to rise and fall. This phenomenon is particularly prominent in the financial crisis. At the same time, the mines are scattered, the processing is scattered, the structure is single, the management is extensive, the enterprise is difficult to become bigger and stronger, and the leading enterprises with obvious driving effects are lacking. These factors also make the Dayu tungsten industry difficult.
The product has low technical content, short industrial chain and poor efficiency. Among the 43 enterprises in the county of Dayu County, 30 companies only stay in the processing of primary and intermediate products, and the application of products is blank. The business still focuses on the production and sales of primary products, the industrial chain is short, and the enterprise is not strong. Only the companies that have the ability to produce ammonium paratungstate are only Weiliang, Haichuang and Jincheng. As the cost of materials increases and the profit margin shrinks, the benefits plummet.
Cultivate the "tungsten giant" risk
Holding the precious tungsten resources, but falling into the economic downturn, Dayu County began to focus on improving the tungsten industry development plan. Since October last year, Dayu County has been mulling a “big hand†of mineral resources integration.
In order to cultivate the "giant" of the tungsten industry, the county introduced the powerful Huawei Mining and Longxintai Tungsten Industry as key support. According to the idea of ​​“two integrations and two concentrationâ€, Dayu County integrates some mining enterprises of the county into two major resource sectors, which are respectively allocated to Dayu Huawei Mining Co., Ltd. and Dayulong Xintai Tungsten Industry Co., Ltd. Tungsten industry group integrating smelting, processing and application. The integration of mineral resources mainly involves 14 mining rights and 16 exploration rights. The county integrated 9 mining rights such as Baijing Mining Area into Dayu Huawei Mining Co., Ltd., and allocated 9 exploration rights to the company to form the resources section of Dayu Huawei Mining Co., Ltd. Four mining rights, such as Tiezhai Mining Area, were integrated into Dayulong Xintai Tungsten Industry Co., Ltd., and seven exploration rights were allocated to the company to form the resources section of Dayulong Xintai Tungsten Industry Co., Ltd. Taking the Wutang Tungsten Mine as the main body of integration, the Zanggangshan mining area and the floating pond mining area will be integrated into one mining right holder.
Resource integration brings new vitality to the mining industry. The two tungsten processing enterprises have gone against the market in the financial crisis, and they have invested heavily in the establishment of tungsten deep processing production lines. In the case of a sluggish tungsten price market, Dayulong Xintai plans to invest 1 billion yuan in three years to build a first-phase APT, 3945 tons of tungsten powder and 1,500 tons of tungsten carbide. The second phase will produce 1,000 tons of tungsten and 2000 tons per year. Cemented carbide project.
At present, the company has invested 150 million yuan to complete the first phase of the main project to complete the installation of APT equipment. After the two phases of the project are put into use, the sales income will be 200 million yuan and the tax will be 6 million yuan. Taking advantage of the decline in raw materials, the company has completed a total investment of 105 million yuan to build a high-tech wet-process workshop and powder workshop, and completed the main construction of 11 plants. Huawei Mining, which is also supported by the advantages of tungsten resources, has invested 300 million yuan to actively cooperate with the county's resource integration and construction of deep processing projects.
Whether the tungsten industry is "surprising"
At the beginning of this year, Ganzhou City issued the "Opinions on the Work of Tungsten and Rare Earth Products Reserve in Zhangzhou City", and Dayu County Weiliang Tungsten Industry Co., Ltd., Dayu County Jingwei Tungsten Industry Co., Ltd. and Dayu Wanda Trading Co., Ltd. The first batch of tungsten products has a reserve fund of 50 million yuan. In addition to the long-term scientific implementation of resource integration in Dayu County, the tungsten industry in Dayu County has basically resumed normal production.
The international financial crisis has not yet bottomed out, is the gradual revitalization of the surplus tungsten industry a surprise? Relevant persons of the Dayu County Economic and Trade Commission believe that the risk of the surplus tungsten industry still exists. The financial crisis has led to a sharp decline in the price of mineral products and a shrinking market. The natural preservation and high added value of scarce resources have not brought the mining into safe havens. Many of the shortcomings of the mining industry itself are the root causes of the crisis.
In response to risks, Dayu Tungsten must continue to increase resource integration, adjust the structure of the tungsten industry, enhance the deep processing capacity of tungsten products, vigorously promote the integration of mining resources, and form a large-scale consortium integrating mining, smelting, science, industry and trade. , continue to promote the optimization and upgrading of the mining industry. Tungsten enterprises should improve their independent innovation capabilities, actively develop new products and technologies that adapt to the market, introduce strategic investors with financial strength and technological advantages, reorganize and restructure existing smelting enterprises, extend the industrial chain, and realize deep processing of tungsten. Breakthroughs in application products.
In response to risks, the surplus tungsten industry should establish a reserve and recovery system for tungsten resources to enhance its ability to withstand risks. As a non-renewable mineral resource, mining and prospecting are not only costly, but also the output is sharply reduced. Together with the increasing consumption, it is bound to threaten the survival of deep processing enterprises. Therefore, it is necessary to support and encourage the powerful enterprises in Dayu County to conduct commercial joint ventures and develop mines outside the county, establish a non-ferrous metal mine development base such as tungsten, make full use of various resources and multiple markets, and establish stable external resource supply channels. . At the same time, support and encourage the recycling of secondary resources such as waste and minerals, and improve the comprehensive utilization of resources. It is necessary to strive for state support, establish and develop smelting and processing bases for waste and other mineral products, develop comprehensive utilization enterprises for renewable resources, accelerate the development of secondary resource recovery technologies, establish a recycling network for waste products such as waste tungsten, and broaden the sources of resources.
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