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凱富能源集團有限公司

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Mining Minister of the Republic of Kenya visited

 

Hoifu Energy Group and showed support to Hoifu

 

Energy Group for its investment, development

 

and operation of mining business in Kenya

 

 

 

On 22 October 2013, Mr. Najib Balala, Mining Minister of the Republic of Kenya visited the corporate headquarter of Hoifu Energy Group (HK stock code: 00007) in Hong Kong and received a warm welcome from Dr. Hui Chi Ming, Chairman of Hoifu Energy Group, during which a friendly meeting had been carried out between the parties to discuss investment and cooperation of common interest regarding the mining business.

On behalf of Hoifu Energy Group, Chairman Hui Chi Ming first extended a warm welcome to Mr. Najib Balala, Mining Minister of the Republic of Kenya and his delegates, and then provided them with comprehensive introduction about the development project of Hoifu Energy Group in relation to the investment, development and operation of copper mine no.253 and gold mine no.341 acquired in Kenya as well as its latest project status. Chairman Hui Chi Ming also expressed his sincere gratitude to Kenyan government for supporting Hoifu Energy Group's acquisition of copper mine no.253 and gold mine no.341 in Kenya.

Mr. Uhuru Kenyatta, President of the Republic of Kenya asked Mr. Najib Balala, Mining Minister of the Republic of Kenya to convey his greetings to Chairman Hui Chi Ming and invited the management of Hoifu Energy Group to visit Kenya. Chairman Hui Chi Ming gladly accepted the invitation and expressed his sincere gratitude to President Uhuru Kenyatta. He will arrange another delegation visit to Kenya as and when appropriate.

During the meeting, Minister Najib Balala recognized and appreciated Hoifu Energy as an energy group to process abundant resource reserves with seven oil and natural gas fields in Egypt, Tunisia and Madagascar, Africa. Hoifu Energy Group is confident that the favourable conditions on resource reserves from the resources integration as a result of acquisition of copper mine and gold mine projects in Kenya will bring higher economic benefits.

Minister Najib Balala restated that the Republic of Kenya and its Ministry of Mining will provide full support to Hoifu Energy Group for conducting investment, development and operation of mining and other projects in Kenya and be committed to protect the interests of Hoifu Energy Group in developing and operating investment projects in Kenya according to the law.

Mine no.253 in Kenya with an area of approximately 1,056 square kilometers and mine no.341 in Kenya with an area of approximately 417 square kilometers, both owned by Hoifu Energy Group, were granted exploration and exploitation rights of industrial minerals (including but not limited to copper) and of gold, iron ore and non-precious minerals by Kenyan government respectively. After the implementation of the exploration works, it was discovered that there is a large volume of ore zone in mine no.253 in Kenya which has a promising copper content. Certain copper ore obtained has a copper content of 5.29%. Hoifu Energy Group is confident of the commercial development of copper ore and the exploration of gold ore attributable to the investment, development and operation of the mines in Kenya.

Mr. Li Rong Jia, one of the shareholders of mine no.253 and mine no.341 in Kenya attended the meeting.

 

 

Chairman Hui Chi Ming of Hoifu Energy Group carried out a friendly meeting with Mr. Najib Balala, Mining Minister of the Republic of Kenya to discuss the investment and cooperation in mining business.

 

 

Chairman Hui Chi Ming of Hoifu Energy Group carried out a friendly meeting with Mr. Najib Balala, Mining Minister of the Republic of Kenya to discuss the investment and cooperation in mining business.

 

 

 

 

 

 

 

 

 

 

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