Zijin Mining and JDC partner on Shapinggou molybdenum project
2026-01-16 16:26:53 [Print]
On January 15, Zijin Mining Group Co., Ltd. and Jinduicheng Molybdenum Co., Ltd. (JDC) signed a cooperation and equity transfer agreement to jointly develop the Shapinggou molybdenum mine in Jinzhai County, Anhui Province.
Under the agreement, JDC will team up with Anhui Jinsha Molybdenum Industry Co., Ltd., which holds 100% interest in the Shapinggou mine, to invest in a molybdenum smelting and processing company, with capacity aligned to the mine's development. JDC will lead construction and operations and hold a 51% stake, while Jinsha Molybdenum will own 49%.
Following the launch of the smelting project, Zijin Mining will sell a 24% stake in Jinsha Molybdenum to JDC for RMB1.73 billion (USD248 million). After the transaction, Zijin Mining (or its subsidiary) will hold 60% equity interest of Jinsha Molybdenum and JDC will hold 34%, with the remaining 6% held by Jinzhai County Urban Development Investment Co., Ltd. Zijin Mining will lead mine development and operation.
Shapinggou is a rare, super-large undeveloped porphyry molybdenum deposit with sizable reserves and relatively high grades. The partnership combines Zijin Mining's strength in mine development with JDC's expertise in smelting and processing, supporting efficient project development and extending the molybdenum value chain.
Under the agreement, JDC will team up with Anhui Jinsha Molybdenum Industry Co., Ltd., which holds 100% interest in the Shapinggou mine, to invest in a molybdenum smelting and processing company, with capacity aligned to the mine's development. JDC will lead construction and operations and hold a 51% stake, while Jinsha Molybdenum will own 49%.
Following the launch of the smelting project, Zijin Mining will sell a 24% stake in Jinsha Molybdenum to JDC for RMB1.73 billion (USD248 million). After the transaction, Zijin Mining (or its subsidiary) will hold 60% equity interest of Jinsha Molybdenum and JDC will hold 34%, with the remaining 6% held by Jinzhai County Urban Development Investment Co., Ltd. Zijin Mining will lead mine development and operation.
Shapinggou is a rare, super-large undeveloped porphyry molybdenum deposit with sizable reserves and relatively high grades. The partnership combines Zijin Mining's strength in mine development with JDC's expertise in smelting and processing, supporting efficient project development and extending the molybdenum value chain.
Molybdenum Conc. 45%min EXW China
Unit:RMB/dmtu
China molybdenum concentrate producers' number MoM output increase statistics by province by month
Unit: pcs
