Huiyun Mining Investment acquires 70% stake in Chenxiang Mining
2025-06-27 11:34:27 [Print]
Guangdong Huiyun Mining Investment Co., Ltd., a wholly owned subsidiary of Guangdong Huiyun Titanium Industry Co., Ltd., has signed an agreement to acquire a 53.125% stake in Guangnan County Chenxiang Mineral Resources Development Co., Ltd. for RMB30.6 million (USD4.27 million). It also plans to inject RMB32.4 million (USD4.52 million) in capital into Chenxiang Mining. Upon completion, Huiyun Mining Investment will hold a 70% equity stake in Chenxiang Mining, becoming its controlling shareholder.
Chenxiang Mining is primarily engaged in the mining, processing, and sale of titanium ore. As of February 28, 2025, the company had yet to begin operations of related business. Its core asset is the mining license for the Shadou Namo titanium deposit in Guangnan County, valid until April 26, 2030.
According to official plans and expert reviews, as of April 30, 2015, the deposit held 28.15 million tonnes of resources, including 2.13 million tonnes of ilmenite and 1.06 million tonnes of magnetite, at 6.77% TiO2 and 13.52% TFe on average. No mining activity has taken place to date since 2015.
Chenxiang Mining is primarily engaged in the mining, processing, and sale of titanium ore. As of February 28, 2025, the company had yet to begin operations of related business. Its core asset is the mining license for the Shadou Namo titanium deposit in Guangnan County, valid until April 26, 2030.
According to official plans and expert reviews, as of April 30, 2015, the deposit held 28.15 million tonnes of resources, including 2.13 million tonnes of ilmenite and 1.06 million tonnes of magnetite, at 6.77% TiO2 and 13.52% TFe on average. No mining activity has taken place to date since 2015.
Rutile Conc TiO2 95%min EXW China
Unit:RMB/mt
China's titanium sponge producers' sales volume statistics by province by month
Unit: mt
