Ningbo Yunsheng: Zhongyun Mining to acquire rare earth mineral rights in Africa
2022-11-14 17:28:24 [Print]
Ningbo Yunsheng announced on November 11 that Zhongyun Mining plans to acquire 100% equity of Sinomine Hong Kong Rare Earth Resources Co
. , Ltd . held by Sinomine Hong Kong Holding Company, with a consideration of 5 million US dollars . Sinomine Hong Kong Rare Earth Resources held 99% equity of African Inkalamo Mining Company Limited and African Inkalamo Mining Company Limited held the rare earth exploration right of Zambia Nkombwa . Zhongyun Mining is a joint venture built by Ningbo Yunsheng and Sinomine Resources . Ningbo Yunsheng holds 45% of its equity, aiming at long-term and in-depth cooperation on the exploration, development and utilization of rare earth ores.