TianJin HopeRay Mineral Limited Company

TianJin HopeRay Mineral Limited Company founded at the end of 2003, Tianjin Hoperay Mineral Limited Company, with a registered capital of $43.8 million, is a state-owned holding company under Tianjin Materials and Equipment Group Corp. The company specializes in processing and delivery of minerals, production and sale of coke, chemicals, and metal materials and products, development and service of related techniques, and other import & export business. Ranking 53rd among Top 500 Enterprises at home and as one of the twenty large-sized circulation industry groups with emphasized support of the Commerce Department, the group takes the lead in realizing a capital of RMB 100 billion in Tianjin City, which, with the goal of becoming one of the world's Top 500 Enterprises, makes all efforts to build a circulation aircraft carrier of China. As a subsidiary of the group, the company, according to strategic plan of the group, is gradually enlarging international and domestic market shares of rare and non-ferrous mineral resources.

The company has broken a new path on international operation of rare minerals by implementing differential operational strategies. It not only makes long-term cooperative relations with world well-known mining companies, but also establishes Ruishengda Mining (Group) Co., Ltd. in Philippines which is engaged in development and business of chromium ore and nickel ore and has founded stable bases of foreign rare mineral resources. The company becomes one of long-term strategic partners of international manganese and chromium ore suppliers such as Asian Mining, Comilog, BHP, Glencore, CCMA, Switzerland Metallurgy, PMI, Meiteming, UMK, etc. Moreover, it makes long-term stable strategic cooperative relations with domestic iron alloy companies including Zhonggang Jitie, Qingdao Huixing, Chuangxin, Shandong Jinsheng, etc., to provide directed import agency service and supply raw materials including manganese ore, chromium ore and nickel ore for dozens of iron alloy production enterprises at home, forming a stable domestic sales network. In 2010, the company imports mineral resources, such as manganese, chromium, nickel, etc., of 2.70 million tons, realizing a trade amount of RMB 4 billion(VAT excluded).The import volume from Jan. 2011 to Jun.2011 is 3 million tons and realize trade amount RMB 3.2 billion(VAT excluded),and strive for RMB 6 billion of annual trade value.

Besides, the company makes bank-enterprise strategic cooperative relations with dozens of state-owned banks in Tianjin such as ICBC, the Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications, China Everbright Bank, China Merchants Bank, etc. which offer full support in aspect of financial service. Awarded "Double-A Enterprise" by the customs, it enjoys convenient cargo clearance. According to the group's "The Twelfth Five Years" plan, the company formulates its magnificent plan of "The Twelfth Five Years" which includes the company industry position of production type service industry, the company main business of non-ferrous and rare minerals and the development aim of realizing a trade value of RMB 20 billion and import volume of 10 million tons at the end "Twelfth Five Years"(2015).

According to the group's overall strategic plan, the company, led by its leadership, sticks to the basic philosophy of "Work First, Credit Supreme", has formed the company culture with the core values of "Creditable, Outstanding, Harmonious, Enterprising", insists on the business philosophy "Characteristic, Cooperative, Reciprocal, Excellent, Pragmatic", creates "Comfortable, Aggressive, Trustable" harmonious atmosphere with common efforts, develops the company spirit of "United, Innovative and Practical", and pursues the common goal of forging a learning type unit. It has been awarded "Cultural Construction Model Unit" by the city's State-owned Assets Supervision and Administration Commission and the Corporate Cultural Research Center. The company trains and cultivates an operating management team skilled at work and loyal to the company, which, with full enthusiasm, tries to turn "Tianjin Hoperay Mineral" into a preferred partner and service brand of customers and provides customers with the most sincere and excellent service wholeheartedly.