Founded in 1998, Shandong Fangyuan Nonferrous Metals Group is a group enterprise integrating scientific research, industry and trade. The Company mainly focuses on production of copper, gold and silver while also working for comprehensive extraction of precious and scarce metals including platinum, palladium, selenium, antimony, bismuth, etc. With total assets of 30 billion yuan, the company has more than 3200 employees. As the fourth largest copper producer and one of the top ten gold and silver producers in the country, the company is also ranked among the top one hundred enterprises in Shandong Province and top five hundred all over the nation. In 2016, the copper cathode production volume amounted to 656 thousand tons, the gold 25.6 tons and the silver 405 tons, with the sales income reaching 72.3 billion yuan, 3.96 billion yuan of profit and tax.