Zijin Mining to acquire 71.14% shares of Houdao Mining at RMB1.8 billion
2022-06-30 16:04:00 [Print]
Zijin Mining announced on June 29th that it will acquire about 71.14% shares of Houdao Mining held by the transferor at about RMB1.8 billion (USD268.81 million). 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. 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. 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. In addition, it will also build supporting facilities to smelt lithium carbonate and lithium hydroxide.
Lithium Carbonate 99.5%min Delivered EU
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China lithium carbonate 99%min producers' sales to production ratio statistics by province by month
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