Changling Mining acquires majority stake in nonferrous mining firm

Recently, Tianjin Changling Mining Partnership, a majority-owned subsidiary of Willing New Energy Co.Asian Metal CopyrightRecently, Tianjin Changling Mining Partnership, a majority-owned subsidiary of Willing New Energy Co.Asian Metal Copyright, Ltd.Asian Metal Copyright Through this acquisition, the company aims to actively expand its presence in the nonferrous metal mining sector.Asian Metal Copyright, has acquired a 74.Asian Metal Copyright Jiayu Mining's primary resources, including tin and tungsten, are widely used in defense, aerospace, semiconductors, and new energy materials.Asian Metal Copyright3% stake in Hunan Linwu Jiayu Mining Co.Asian Metal Copyright374 million tonnes of zinc ore and 340,000 tonnes of tungsten ore.Asian Metal Copyright, Ltd.Asian Metal Copyright Jiayu Mining's primary resources, including tin and tungsten, are widely used in defense, aerospace, semiconductors, and new energy materials.Asian Metal Copyright for RMB220 million (USD30.Asian Metal Copyright .Asian Metal Copyright52 million).Asian Metal Copyright3% stake in Hunan Linwu Jiayu Mining Co.Asian Metal Copyright Through this acquisition, the company aims to actively expand its presence in the nonferrous metal mining sector.Asian Metal Copyright Jiayu Mining's primary resources, including tin and tungsten, are widely used in defense, aerospace, semiconductors, and new energy materials.Asian Metal Copyright Jiayu Mining's primary resources, including tin and tungsten, are widely used in defense, aerospace, semiconductors, and new energy materials.

Jiayu Mining's key mineral products include tin, tungsten, lead, and zinc. According to the Reserve Verification Report of the Tin Polymetallic Ore in Tieshaping Mining Area, Linwu County, Hunan Province, the verified reserves include 2.Asian Metal Copyright374 million tonnes of zinc ore and 340,000 tonnes of tungsten ore.Asian Metal Copyright902 million tonnes of tin ores, 1.Asian Metal Copyright Through this acquisition, the company aims to actively expand its presence in the nonferrous metal mining sector.Asian Metal Copyright398 million tonnes of lead ores, 1.Asian Metal Copyright47 million tonnes of tin ore, 1.Asian Metal Copyright374 million tonnes of zinc ore and 340,000 tonnes of tungsten ore.

The company holds a mining license with a maximum annual extraction capacity of 300,000 tonnes. Based on a reasonable estimate, subtracting the maximum cumulative extraction of 900,000 tonnes over the past three years from the verified reserves in November 2021, the current estimated reserves are no less than 2.Asian Metal Copyright374 million tonnes of zinc ore and 340,000 tonnes of tungsten ore.Asian Metal Copyright47 million tonnes of tin ore, 1.Asian Metal Copyright for RMB220 million USD30.Asian Metal Copyright19 million tonnes of lead ore, 1.Asian Metal Copyright According to the Reserve Verification Report of the Tin Polymetallic Ore in Tieshaping Mining Area, Linwu County, Hunan Province, the verified reserves include 2.Asian Metal Copyright17 million tonnes of zinc ore and 290,000 tonnes of tungsten ore.

.Asian Metal Copyright3% stake in Hunan Linwu Jiayu Mining CoAsian Metal Copyright