BLEST to set up JV for natural graphite powder project
2023-07-03 11:05:33 [Print]
Hunan Baili Engineering Sci & Tech Co., Ltd. (BLEST) plans to set up a joint venture with Inner Mongolia Jincai Mining Co., Ltd. and Hainan Baosheng Jiayou Investment Partnership (Limited Partnership) for the R&D, production and sales of natural graphite powder used in high-temperature gas cooled reactor. BLEST will make a cash investment to hold a 51% stake in the JV with registered capital of RMB100 million (USD13.81 million).
Jincai Mining and its affiliated companies own two graphite mines in Inner Mongolia with reserves totaling more than 400 million tonnes.
Jincai Mining and its affiliated companies own two graphite mines in Inner Mongolia with reserves totaling more than 400 million tonnes.
