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
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.
. 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.