Ningbo Yunsheng and Sinomine Resource to set up JV company on African rare earth projects

On August 31, Ningbo Yunsheng announced that it signed a cooperation agreement with Sinomine Resource.Asian Metal Copyright .Asian Metal Copyright The two sides plan to set up a JV company which will focus on acquiring rare earth projects in Africa and undertaking exploration, development and mining royalty investment in relation to rare earth assets.Asian Metal Copyright .Asian Metal Copyright The JV company will have a registration capital of RMB55 million (USD7.Asian Metal Copyright The two sides plan to set up a JV company which will focus on acquiring rare earth projects in Africa and undertaking exploration, development and mining royalty investment in relation to rare earth assets.Asian Metal Copyright97 million), of which Ningbo Yunsheng and Sinomine Resource will hold a stake of 45% and 55% respectively.

.Asian Metal Copyright97 million, of which Ningbo Yunsheng and Sinomine Resource will hold a stake of 45% and 55% respectivelyAsian Metal Copyright