Rising Nonferrous intends to acquire 40% stake in Dabaoshan Mining
2020-11-16 10:36:38 [Print]
Rising Nonferrous Metals Co
Rising Nonferrous stated that Dabaoshan Company has rich reserves of copper and sulfur mineral resources, and has rich mineral resources such as molybdenum and tungsten, which has great resource potential; it has mature mining and beneficiation technology and leading technical level with good development prospects.
. , Ltd . announced on November 13 that it intends to acquire 40% of the shares of Guangdong Dabaoshan Mining Co . , Ltd . held by the indirect controlling shareholder Guangdong Rising Asset Management Co . , Ltd . at a transaction price of about RMB437 million (USD65 . 99 million).Rising Nonferrous stated that Dabaoshan Company has rich reserves of copper and sulfur mineral resources, and has rich mineral resources such as molybdenum and tungsten, which has great resource potential; it has mature mining and beneficiation technology and leading technical level with good development prospects.