Zangqing Funding to buy 34% of Tibet State Energy at RMB4.08 billion
2023-03-08 18:45:57 [Print]
Zangge Mining Company Limited announced on March 7 that the company signed an agreement with Tibet Jintai, under which Zangqing Funding would purchase 34% of Tibet State Energy Mining Development Co., Ltd. from Tibet Jintai at RMB4.08 billion (USD586 million) in cash.
According to statistics, Tibet State Energy's two salt-lake mining deposits, Longmu Lake and Jiezechaka Lake, possess consolidated lithium carbonate reserves of 3.9 million tons (large size), potassium chloride reserves of 28 million tons (medium size) and boron reserves of 3.3 million tons (medium size).
According to statistics, Tibet State Energy's two salt-lake mining deposits, Longmu Lake and Jiezechaka Lake, possess consolidated lithium carbonate reserves of 3.9 million tons (large size), potassium chloride reserves of 28 million tons (medium size) and boron reserves of 3.3 million tons (medium size).
