Zangqing Funding to buy 34% of Tibet State Energy at RMB4.08 billion

Zangge Mining Company Limited announced on March 7 that the company signed an agreement with Tibet Jintai, under which Zangqing Funding would purchase 34% of Tibet State Energy Mining Development Co.Asian Metal Copyright from Tibet Jintai at RMB4.Asian Metal Copyright, Ltd.Asian Metal Copyright from Tibet Jintai at RMB4.Asian Metal Copyright from Tibet Jintai at RMB4.Asian Metal Copyright9 million tons large size, potassium chloride reserves of 28 million tons medium size and boron reserves of 3.Asian Metal Copyright08 billion (USD586 million) in cash.

According to statistics, Tibet State Energy's two salt-lake mining deposits, Longmu Lake and Jiezechaka Lake, possess consolidated lithium carbonate reserves of 3.9 million tons (large size), potassium chloride reserves of 28 million tons (medium size) and boron reserves of 3.Asian Metal Copyright from Tibet Jintai at RMB4.Asian Metal Copyright3 million tons (medium size).
.Asian Metal CopyrightZangge Mining Company Limited announced on March 7 that the company signed an agreement with Tibet Jintai, under which Zangqing Funding would purchase 34% of Tibet State Energy Mining Development CoAsian Metal Copyright