Xiamen Tungsten to cooperate with other two parties in developing Dahutang tungsten mine
2023-02-09 14:45:23 [Print]
On February 8, Xiamen Tungsten signed a strategic cooperation framework agreement with government of Jiujiang city and Jiangxi Tungsten Holding Group
According to the agreement, the cooperating parties have pre-emptive rights to purchase tungsten concentrate produced from Dahutang mine. In particular, Jiangxi Tungsten Holding Group has a pre-emptive share of 40%, and Jiangxi Jutong's another shareholder Jiujiang Lishunsheng Real Estate Co . , Ltd . supports Jiangxi Tungsten Holding Group to have an agreed pre-emptive share on the Dahutang tungsten concentrate production.
. The parties decided to cooperating in development and construction of Dahutang tungsten mine as well as in development of northern-Jiangxi resources including Dawutang . The government of Jiujiang city and Xiamen Tungsten agreed to support Jiangxi Tungsten Holding Group in acquiring a 30% stake in Jiangxi Jutong Industry Co . , Ltd . , a Xiamen Tungsten related company. According to the agreement, the cooperating parties have pre-emptive rights to purchase tungsten concentrate produced from Dahutang mine. In particular, Jiangxi Tungsten Holding Group has a pre-emptive share of 40%, and Jiangxi Jutong's another shareholder Jiujiang Lishunsheng Real Estate Co . , Ltd . supports Jiangxi Tungsten Holding Group to have an agreed pre-emptive share on the Dahutang tungsten concentrate production.