Jinduicheng Molybdenum to invest RMB300 million in Tianchi Molybdenum
2020-02-24 11:30:04 [Print]
Jinduicheng Molybdenum Co., Ltd. announced on February 21 that it plans to inject RMB300 million (USD42.7 million) into Jilin Tianchi Molybdenum Industry Co.,Ltd. After the capital increment, the company will hold a 18.2967% stake in Tianchi Molybdenum.
Tianchi Molybdenum owns molybdenum ore resources and reserves of 224.57 million tonnes at Jide Molybdenum mine in Xiaocheng, Shulan, Jilin, with molybdenum metal of 253,931 tonnes and the grade at 0.113%. The designed mining model is open-pit mining with an annual production capacity of 8.25 million tonnes.
Tianchi Molybdenum owns molybdenum ore resources and reserves of 224.57 million tonnes at Jide Molybdenum mine in Xiaocheng, Shulan, Jilin, with molybdenum metal of 253,931 tonnes and the grade at 0.113%. The designed mining model is open-pit mining with an annual production capacity of 8.25 million tonnes.
Molybdenum Conc. 45%min EXW China
Unit:RMB/mtu
China molybdenum concentrate producers' output statistics by province by month
Unit: mt
