Huaxi Nonferrous to acquire 100% stake in Fozi Mining
2024-06-11 11:45:43 [Print]
Guangxi Huaxi Nonferrous Metal Co
Fozi Mining, mainly engaged in mining and dressing of lead-zinc ore, produces zinc concentrate and lead concentrate from Fozichong Pb-Zn mine located in Cenxi, Guangxi. The company currently operates two dressing plants, with a total benification capacity of 450,000 tonnes per annum.
. , Ltd . announced a plan to acquire 100% equity interest in Fozi Mining Industry Co . , Ltd . for RMB523 million (USD72 . 11 million) in cash . When completed, Fozi Mining will become a wholly-owned subsidiary of Huaxi Nonferrous.Fozi Mining, mainly engaged in mining and dressing of lead-zinc ore, produces zinc concentrate and lead concentrate from Fozichong Pb-Zn mine located in Cenxi, Guangxi. The company currently operates two dressing plants, with a total benification capacity of 450,000 tonnes per annum.