In 2012, Huaxi Mining invested RMB 30 million and established Huaxi West Africa Mining Company in Mwanza, Tanzania. Over the years, the company has developed a number of alluvial gold mining areas through registration of mineral rights and cooperation with powerful mining companies from the African side. The company has accumulated a lot of experience in various aspects such as management, technology, social environment and Sino-African friendship during the development process from scratch and from weak to strong in Tanzania, which has laid a solid foundation for the development of the project. The company's existing mineral rights have accumulated 52.8 square kilometres, with a preliminary proven reserve of 12.32 tonnes, expected to reach more than 20 tonnes in the foreground and an economic value of RMB 7 billion.
