New Energy Upstream Industry
An integrated industrial chain featuring "high-quality owned mines + advanced high-grade processing lines", leveraging the policy advantages of the Hainan Free Trade Port to build cost competitiveness.
Bougouni Lithium Mine
In 2023, Hainan Mining invested US$118 million to acquire the Bougouni Lithium Project in Mali, Africa, entering the exploration, development, mining and processing of spodumene. Under the JORC Code, the Bougouni Lithium Project holds mineral resources of 47.37 million tonnes within the mining licence area, with an average Li₂O grade of 1.14%. The project is being developed in two phases. Phase I was commissioned in 2005, adopting dense medium separation technology, with an annual lithium concentrate capacity of 120,000 tonnes.
Lithium concentrate production in 2025: 45,000 tonnes

Hainan Xingzhihai New Materials Co., Ltd. was founded by Hainan Mining in 2020 and registered in Yangpu Economic Development Zone, Danzhou, Hainan. It is mainly engaged in the processing and sales of lithium salt products. It has completed a 20,000 tpy battery-grade lithium hydroxide production line. Using lithium concentrate as raw material and adopting the sulfuric acid process, its products are mainly used as core materials for high-end power batteries. The company is carrying out a technical renovation of its carbonation line, which will enable flexible production conversion to include lithium carbonate upon completion.
Lithium hydroxide output in 2025: 2,625 tonnes
