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Public company info - Real Gold Mining Ltd. , 00246.HK
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Real Gold Mining Ltd., 00246.HK - Company Profile
Chairman Lu Chunxiang
Share Issued (share) 909,000,000
Par Currency Hong Kong Dollar
Par Value 1.0
Industry Precious Metal
Corporate Profile Business Summary: The Company is an investment holding company. Its subsidiaries are principally engaged in exploration, mining and processing of gold ore and sale of concentrates in the People’s Republic of China. Performance for the year: For the two years ended 31 December 2018 and 2017, the Group’s revenue amounted to nil. For the year ended 31 December 2018, loss and total comprehensive loss attributable to owners of the Company was approximately RMB48.2 million (2017: RMB103.6 million). For the year ended 31 December 2018, the basic loss per share amounted to approximately RMB5.31 cents (2017: RMB11.40 cents). Business Review: The Group specializes in the mining of gold and the processing of ore into concentrates containing gold and other minerals for subsequent sale. The Group has two gold mines in the Chifeng Municipality, Inner Mongolia, namely, Shirengou Gold Mine and Nantaizi Gold Mine which are adjacent to each other and form one operating segment of the Group. The mining permit and the safety production permit for Shirengou Gold Mine are valid until August 2020 and February 2021, respectively. The mining permit, the exploration permit and the safety production permit for Nantaizi Gold Mine are valid until November 2019, June 2020 and February 2021, respectively. Production at Shirengou Gold Mine and Nantaizi Gold Mine has been suspended since mid 2016. Luotuochang Gold Mine, another gold mine of the Group which is also located in the Chifeng Municipality, Inner Mongolia, was in operation previously until the former Board decided in July 2014 to suspend the mining activities there. The mining permit and the safety production permit for Luotuochang Gold Mine are valid until January 2020 and December 2020, respectively. Update on the activities at the other gold mines of the Group As at the date of this announcement, the Group also owns Gaotaizi Gold Mine in Inner Mongolia and Yandan Gold Mine and two other smaller gold mines in Guangxi. None of these mines are currently in production. The mining permit and safety production permit for Gaotaizi Gold Mine expired in February 2019 and March 2019, respectively and the Group has filed an application for the renewal of the mining permit and safety production permit for in January 2019. For the gold mines in Guangxi, the exploration permit for Yandan Gold Mine is valid until November 2020. The Group is in the process of renewing the exploration permit for each of Bayan Gold Mine and Yunpanshan Gold Mine which expired in January 2019. The Group has suspended its exploration at these gold mines. Prospects: In view of the current situation of the Group, in particular the status of the mines owned by the Group, the Company is committed to identify suitable acquisition targets with sufficient level of operations or have assets of sufficient value to meet the requirements for continued listing of the shares under the Listing Rules. By leveraging on the experience of the Group’s management in mining operations and strong connections in the industry, the Group is confident that the Group can identify suitable acquisition targets in due course which can meet the Group’s requirements as well as the requirements of the regulators for the purpose of seeking resumption of trading in the Group’s shares so as to maximize the interests of both the Company and its shareholders as a whole. The Group is committed to strengthening the corporate governance of the Group, and leading the Company out of the current difficulties and creating value for shareholders of the Company as a whole.

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