Zijin Mining to acquire 71.14% shares of Houdao Mining at RMB1.8 billion

Zijin Mining announced on June 29th that it will acquire about 71.Asian Metal Copyright Houdao Mining holds 100% properties and interests of Xiangyuan Lithium Polymetallic Mine, a large greisen-type low-grade lithium property available for large scale open-pit mining located in Dao county, Hunan province.Asian Metal Copyright14% shares of Houdao Mining held by the transferor at about RMB1.Asian Metal Copyright The mine is initially designed to build a production capacity of 10,000,000tpy with an annual output of 60,000-70,000t of lithium carbonate equivalent contained in lepidolite.Asian Metal Copyright8 billion (USD268.Asian Metal Copyright81 million.Asian Metal Copyright81 million).Asian Metal Copyright In addition, it will also build supporting facilities to smelt lithium carbonate and lithium hydroxide.Asian Metal Copyright Houdao Mining holds 100% properties and interests of Xiangyuan Lithium Polymetallic Mine, a large greisen-type low-grade lithium property available for large scale open-pit mining located in Dao county, Hunan province.Asian Metal Copyright81 million.Asian Metal Copyright After the acquisition is completed, Zijin Mining will play an important role in development, construction and operation of Xiangyuan Lithium Polymetallic Mine and hold shares of its downstream smelting company.Asian Metal Copyright8 billion USD268.Asian Metal Copyright The mine is initially designed to build a production capacity of 10,000,000tpy with an annual output of 60,000-70,000t of lithium carbonate equivalent contained in lepidolite.Asian Metal CopyrightZijin Mining announced on June 29th that it will acquire about 71.Asian Metal Copyright In addition, it will also build supporting facilities to smelt lithium carbonate and lithium hydroxide.


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