History
Sustainable Development
1988
Humon Group, established in 1988. was a county enterprise in the earlier stage known as “Muping Cyaniding Factory”. It smelted and produced gold with roasting cyanide process and produced sulfate at the same time. The first and second phase of the project were respectively accomplished and put into production in 1991 and 1995.
1994
In 1994, it was restructured to a limited liability company of state holding and employee holding and renamed as “Muping Oriental Smelting Co., Ltd.”
1997
In 1997, it was regulated and renamed as “Shandong Oriental Smelting Co., Ltd.” with the approval of Shandong People’s Government.
2002
In 2002, all its state-owned shares were withdrawn. Since 1996, it has purchased successively seven gold mines such as the original “Muping Jinniu Mountain Gold Mine”, “Muping Hagou Mountain Gold Mine” and “Muping Fuludi Gold Mine”, etc. and the enterprises such as the original “Muping Chemical Factory”, “Muping Phosphate Fertilizer Plant” and “Muping Detergent Factory”, etc. and developed the projects such as machinery, printing, clothing, foreign trade, catering and tourism, etc. In 2002, the company took the lead in introducing the advanced technology of foreign gold concentrates in the industry to realize upgrade in the shortest time.
2003
In order to promote sustainable, healthy and rapid development, the company optimized assets and established Yantai Humon Group in Jun. 2003.
2004
Humon Group acquired the original Rushan Chemical Factory and dispatched the first batch of personnel to settle in and establish Weihai Humon Chemical Co., Ltd; Humon Corporation has introduced the two-stage roasting technology from Sweden's Boliden Company to officially commence the construction of the complex refractory gold concentrate renovation project, which was completed and put into operation in December of the same year.