OREANDA-NEWS. February 17, 2011. Jinchuan Group Ltd. recently offered big cash rewards to employees who had made great contribution in technological innovations in 2010. Total rewards exceeded eight million yuan (1.21 million U.S. dollars). Nickel Flash Furnace Shutdown Overhaul project received Special Award for Scientific and Technological Progress and collected a hefty one million yuan(151,700 U.S. dollars), reported the press-centre of Jinchuan Group.

Jinchuan has put in place a stable mechanism of R&D spending and technological innovation incentive. Those who make outstanding contributions in research and technological upgrade program will be lavished with praise and a huge cash bonanza.

The Group has built the National Research Center of New Materials of Nickel and Cobalt at Jinchuan Science Park in Lanzhou, capital of Gansu Province, to develop new technologies and products with proprietary intellectual property rights. The Group, in partnership with domestic universities and research institutes, also has conducted broad engineering researches in mining, mineral processing, smelting, refining and new non-ferrous materials, making achievements in tackling a raft of technical difficulties.