China Polymetallic Mining acquires the mining right for copper&lead mine in Burma at RMB49 million
2017-06-15 16:38:31 [Print]
According to announcement on June 13, 2017 from China Polymetallic Mining Limited, its indirect fully-funded subsidiary Huaxing Global Co., Ltd. has signed contract to acquire a mine in Burma at the total price of RMB49 million.
The announcement indicated that the mining right lasts from December 24, 2014 to December 23, 2019 for exploitation and development of copper&lead mine with coverage of about 49.59 acres. Reserves of copper and lead in Burma mines are categorized into 331, 332 and 333 with total volume of 1.2845 million tons.
The company claimed that Burma is one of the most important emerging investment markets outside China. The acquisition is in line with the group's business strategy and will enable the group to further increase its existing lead and copper reserves and resources.
The announcement indicated that the mining right lasts from December 24, 2014 to December 23, 2019 for exploitation and development of copper&lead mine with coverage of about 49.59 acres. Reserves of copper and lead in Burma mines are categorized into 331, 332 and 333 with total volume of 1.2845 million tons.
The company claimed that Burma is one of the most important emerging investment markets outside China. The acquisition is in line with the group's business strategy and will enable the group to further increase its existing lead and copper reserves and resources.
Copper Conc. TC 25%min CIF China
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China copper concentrate producers' sales to production ratio statistics by province by month
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