Shengda Resources to fully acquire Honglin Mining
2025-07-29 15:42:36 [Print]
Shengda Resources Co
Honglin Mining's main asset is the Caiyuanzi copper-gold mine, which is expected to begin trial production between July and September 2025. The mine is licensed for an annual capacity of 396,000 tonnes . It holds 6 . 06 million tonnes of proven ore reserves, containing 1 . 70 tonnes of gold at 2.82g/t Au and 29,015 tonnes of copper at 0 . 48% Cu . The site also shows strong exploration potential at depth and in surrounding areas.
. , Ltd . plans to acquire the remaining 47% stake in Sichuan Honglin Mining Co . , Ltd . through a share issuance, and will raise supporting funds by issuing shares to a select group of investors . After the deal, Honglin Mining will become a wholly-owned subsidiary of Shengda Resources.Honglin Mining's main asset is the Caiyuanzi copper-gold mine, which is expected to begin trial production between July and September 2025. The mine is licensed for an annual capacity of 396,000 tonnes . It holds 6 . 06 million tonnes of proven ore reserves, containing 1 . 70 tonnes of gold at 2.82g/t Au and 29,015 tonnes of copper at 0 . 48% Cu . The site also shows strong exploration potential at depth and in surrounding areas.