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  • Chijin Xiawu to acquire 90% stake in Laos-based rare earth mining company

    2024-03-05 11:49:07   [Print]
    On March 4, Shanghai Chijin Xiawu Metal Resources Co.Asian Metal Copyright463 million tonnes of ore reserves containing 25,483.Asian Metal Copyright, Ltd.Asian Metal Copyright and its wholly-owned subsidiary CHIXIA Laos Holdings Limited entered into an equity transfer agreement with China Investment Properties Limited.Asian Metal Copyright and its wholly-owned subsidiary CHIXIA Laos Holdings Limited entered into an equity transfer agreement with China Investment (Properties) Limited.Asian Metal Copyright20 million tonnes of ore reserves containing 15,297.Asian Metal Copyright Under the agreement, Chijin Xiawu plans to acquire a 90% stake in China Investment Mining (Laos) Sole Co.Asian Metal Copyright963 million.Asian Metal Copyright, Ltd.Asian Metal Copyright06 tonnes of rare earth oxides at 0.Asian Metal Copyright ("Target Company") held by China Investment (Properties) for a total of USD18.Asian Metal Copyright022% REO under the exploration right.Asian Metal Copyright963 million.

    The target company is developing Mengkang rare earth project in Xiangkhouang, Laos, with construction underway. According to geological survey report, Mengkang rare earth mining area has recoverable deposits which include 101.Asian Metal Copyright963 million.Asian Metal Copyright463 million tonnes of ore reserves containing 25,483.Asian Metal Copyright, Ltd.Asian Metal Copyright06 tonnes of rare earth oxides at 0.Asian Metal Copyright26 million tonnes of ore reserves containing 10,185.Asian Metal Copyright025% REO.Asian Metal Copyright The target company is developing Mengkang rare earth project in Xiangkhouang, Laos, with construction underway.Asian Metal Copyright This include 55.Asian Metal Copyright The feasibility study report showed that the deposit is consisted of weathered crust ionic rare earth ore and suggested a production scale of 3,675 tonnes per annum of mixed rare earth oxides TREO≥92% for the project using in-situ leaching ammonium sulfate - ammonium carbide process which does not include stripping, mining, transportation, with low production of waste soil and residue production and 100 percent recycling of water.Asian Metal Copyright20 million tonnes of ore reserves containing 15,297.Asian Metal Copyright, Ltd.Asian Metal Copyright89 tonnes of rare earth oxides at 0.Asian Metal Copyright17 tonnes of rare earth oxides at 0.Asian Metal Copyright028% REO under the pilot mining permit, and 46.Asian Metal Copyright022% REO under the exploration right.Asian Metal Copyright26 million tonnes of ore reserves containing 10,185.Asian Metal Copyright463 million tonnes of ore reserves containing 25,483.Asian Metal Copyright17 tonnes of rare earth oxides at 0.Asian Metal Copyright and its wholly-owned subsidiary CHIXIA Laos Holdings Limited entered into an equity transfer agreement with China Investment Properties Limited.Asian Metal Copyright022% REO under the exploration right.

    The feasibility study report showed that the deposit is consisted of weathered crust ionic rare earth ore and suggested a production scale of 3,675 tonnes per annum of mixed rare earth oxides (TREO≥92%) for the project using in-situ leaching (ammonium sulfate - ammonium carbide) process which does not include stripping, mining, transportation, with low production of waste soil and residue production and 100 percent recycling of water.

    The equity transfer allows Chijin Xiawu and China Investment (Properties) to complement each other's advantages to advance the green and high-efficient development of rare earth resources in Laos.

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