Xiamen Tungsten to acquire 100% equity of Bobai Judian for over RMB300 million
2021-12-15 15:22:26 [Print]
On December 14, Xiamen Tungsten announced that it intends to invest about RMB300 million (USD47.13 million) to acquire 100% equity of Bobai Judian Mining Co., Ltd. held by the related party, Xiushui Shenwei Mining and Metallurgy Co., Ltd. in Jiangxi.
Bobai Judian's core asset is the Youmapo tungsten-molybdenum mine, with a mining area of 1.168 square kilometers and a production scale of 660,000 tons per year. The annual average output of tungsten concentrate is expected to reach about 3,200 tons (standard tons).
Bobai Judian's core asset is the Youmapo tungsten-molybdenum mine, with a mining area of 1.168 square kilometers and a production scale of 660,000 tons per year. The annual average output of tungsten concentrate is expected to reach about 3,200 tons (standard tons).
Tungsten Ore WO3 65%min EXW China
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China tungsten concentrate producers' sales to production ratio statistics by province by month
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