Derhesi to invest up to RMB280 mln in graphite mining firm
2024-10-21 14:52:27 [Print]
On October 20, Derhesi Graphene Technology (Suzhou) Co., Ltd., a wholly-owned subsidiary of Der Future Science & Technology Holding Group Co., Ltd., entered into an investment Letter of Intent with Der Future's controlling shareholder Der Group and Board Director, under which Derhesi plans to invest no more than RMB280 million (USD39.4 million), in the forms including but not limited to capital increase or share transfer, in Jarud Qi Der Graphite Mining Industry Co., Ltd., a wholly owned subsidiary of Der Group, as Derhesi seeks to expand market share in the new energy materials industry.
Der Graphite is mainly engaged in the underground mining, processing and sales of graphite. Its mining area covers around 14.5 square kilometers, with proven aphanitic graphite resources and reserves of about 46.66 million tonnes, which suggests a mining capacity of 1.25 million tonnes per annum of aphanitic graphite, a dense crystalline graphite.
Der Graphite is mainly engaged in the underground mining, processing and sales of graphite. Its mining area covers around 14.5 square kilometers, with proven aphanitic graphite resources and reserves of about 46.66 million tonnes, which suggests a mining capacity of 1.25 million tonnes per annum of aphanitic graphite, a dense crystalline graphite.
