Guiyang moves into advanced processing of natural resources

Guiyang – capital of Southwest China's Guizhou province – has set itself the goal of becoming a national leader in advanced processing of resources, with the target of sintering, smelting and treating 90 percent of its phosphate and aluminum ore.

In support of this vision, set out earlier this year, State-owned Guiyang Mineral Energy Investment Group Co launched a digital trading platform for mineral resources.

The platform's first phase, completed in June, includes a transaction system, financial management, resource trading and information services.

Its web version went live on June 22, followed by the mobile APP "Fukuang Jingkaibao" on Sept 10.

"Currently, the platform integrates resources like phosphate, bauxite and construction materials to enhance digital oversight and promote efficient resource allocation," said Tang Ying, deputy director of Guiyang Mineral Energy Investment Group's trade innovation department.

The digital tool enables registered users to publish supply and demand information, participate in online bidding and conduct mineral product transactions.

Since June, 255 enterprises have registered, generating a cumulative transaction volume of 1.42 million metric tons worth 1.12 billion yuan ($154.05 million).

Moving forwards, the group plans to develop a refined management system and logistics supervision features in the second phase, according to Deputy General Manager Luo Guijiang.

Luo added that this would enhance the user experience with safer, more comprehensive services and expand the efficient allocation of mineral resources.