Hainan Zhengxin Gongying acquires Jinjiang Mining to expand into bauxite
2025-08-18 15:04:44 [Print]
On August 18, Hainan Zhengxin Gongying Investment Management Co., Ltd. completed a major strategic move by acquiring full ownership of Sanmenxia Jinhong Mining Co., Ltd. and Sanmenxia Jinbin Mining Co., Ltd., which are subsidiaries of Sanmenxia Jinjiang Mining Co., Ltd. The deal includes the Ningjiawo and Yezhuwa Laomeigou mining rights, as well as the Jiaogudong and Houcun exploration rights held by Jinhong Mining and Jinbin Mining.
The company plans to bring all these mining assets into production by 2026, with an expected annual bauxite output of up to 2 million tonnes. This move will strengthen its entry into the bauxite mining sector, further expand its business footprint, enhance market competitiveness, and mark the beginning of a new phase of growth.
The company plans to bring all these mining assets into production by 2026, with an expected annual bauxite output of up to 2 million tonnes. This move will strengthen its entry into the bauxite mining sector, further expand its business footprint, enhance market competitiveness, and mark the beginning of a new phase of growth.
Bauxite 60%min, Al/Si 5.0, Ex-VAT Delivered China
Unit:RMB/mt
Africa bauxite producers' sales to production ratio statistics by country by month
Unit: %
