Chengtun Mining issues 2.386 billion yuan of convertible bonds
2020-02-27 17:03:55 [Print]
Chengtun Mining announced on February 26 that the company's public issuance of 2.386 billion yuan (340 million US dollars) of convertible bonds has been approved by China Securities Regulatory Commission. After deducting the relevant issuance costs, the raised funds are fully invested in the following projects: DRC copper and crude cobalt hydroxide (metal volume) hydrometallurgy project and supplementary working capital.
Chengtun Mining intends to set up a wholly-owned subsidiary in DRC to invest in and build a copper and crude cobalt hydroxide (metal volume) hydrometallurgy project. The project has design annual capacities of 30,000t of copper and 5, 800t of crude cobaltic hydroxide (metal volume), and 1 million tons of oxidized ore is treated annually. The production process adopts acid leaching, extraction, electrowinning and cobalt precipitation hydrometallurgy. The project is located in Kolwezi, DRC, with a total investment of 346.4604 million US dollars, of which 1,700 million yuan (USD243 million US dollars) is proposed to be invested with raised funds.
Chengtun Mining intends to set up a wholly-owned subsidiary in DRC to invest in and build a copper and crude cobalt hydroxide (metal volume) hydrometallurgy project. The project has design annual capacities of 30,000t of copper and 5, 800t of crude cobaltic hydroxide (metal volume), and 1 million tons of oxidized ore is treated annually. The production process adopts acid leaching, extraction, electrowinning and cobalt precipitation hydrometallurgy. The project is located in Kolwezi, DRC, with a total investment of 346.4604 million US dollars, of which 1,700 million yuan (USD243 million US dollars) is proposed to be invested with raised funds.
LNCMO 523 Delivered China
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China cobalt carbonate producers' operating rate statistics by province by month
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