Jingui Silver to acquire 65% shares of Yubang Mining
2018-05-29 17:25:07 [Print]
Jingui Silver announced late 27 May the company signed a share transfer intention agreement with relevant shareholders of Yubang Mining, and reached initial intention with the interested parties on the company's acquisition of 65% stake of Yubang Mining
Yubang Mining mainly engages in mining, processing and marketing of lead, zinc and silver resources. The announcement shows that Yubang Mining currently has the mining license of "silver & lead mine in the Inner Mongolia Bahrain Left Banner Shuangjianzi mount", and the main asset is the silver-lead-zinc mine in the Shuangjianzi mountain of Bahrain Left Banner, Chifeng, the Inner Mongolia Autonomous Region . According to the record of the mineral resources reserves appraisal issued by Land and Resources department of Inner Mongolia Autonomous Region in December 25, 2017, the silver-lead-zinc mine is a super large silver-zinc-lead deposit with silver as the main ore . At present, the reserves of main and symbiotic mineral resources ascertained include 18,602 . 05 metal tons of silver, 861,400 metal tons of lead, and 1 . 9153 million metal tons of zinc.
. If the company signs a formal agreement with the counterparty, the amount of the transaction is expected to be RMB2 . 0-2 . 4 billion (the specific amount is to be discussed) . The matter will constitute a major asset restructuring.Yubang Mining mainly engages in mining, processing and marketing of lead, zinc and silver resources. The announcement shows that Yubang Mining currently has the mining license of "silver & lead mine in the Inner Mongolia Bahrain Left Banner Shuangjianzi mount", and the main asset is the silver-lead-zinc mine in the Shuangjianzi mountain of Bahrain Left Banner, Chifeng, the Inner Mongolia Autonomous Region . According to the record of the mineral resources reserves appraisal issued by Land and Resources department of Inner Mongolia Autonomous Region in December 25, 2017, the silver-lead-zinc mine is a super large silver-zinc-lead deposit with silver as the main ore . At present, the reserves of main and symbiotic mineral resources ascertained include 18,602 . 05 metal tons of silver, 861,400 metal tons of lead, and 1 . 9153 million metal tons of zinc.