Xinjinlu's subsidiary to establish new company to participate in bankruptcy reorganization of Limu Mining
2022-11-22 17:06:30 [Print]
Xinjinlu announced on November 18 that Jinlu Asset Management Co., Ltd., its wholly-owned subsidiary, plans to jointly invest with Guangxi Minggui Mining to establish a new company to participate in the bankruptcy reorganization of Guangxi Nonferrous Limu Mining Co., Ltd. The registered capital of the new company is 240 million yuan (33.53 million US dollars), of which 122.4 million yuan (17.1 million US dollars) is subscribed by Jinlu Asset Management, accounting for 51%.
Limu Mining is an industrial and mining enterprise integrating the mining, dressing, smelting, comprehensive recovery and deep processing of rare metals of tantalum, niobium, tungsten and tin, which stopped production from 2016.
Limu Mining is an industrial and mining enterprise integrating the mining, dressing, smelting, comprehensive recovery and deep processing of rare metals of tantalum, niobium, tungsten and tin, which stopped production from 2016.
Tin Conc. 60%min Delivered China
Unit:RMB/mtm
China tin ingot producers' inventory to production ratio statistics by province by month
Unit: %
