Xiamen Tungsten to acquire 69% stake in Jiujiang Dadi
2026-03-25 15:30:52 [Print]
Xiamen Tungsten announced plans to invest RMB295 million (USD42.8 million) to acquire a 69% equity stake in Jiujiang Dadi Mining Development Co., Ltd. Upon completion of the transaction, Jiujiang Dadi will become a majority-owned subsidiary of Xiamen Tungsten.
Jiujiang Dadi holds mining rights with retained resources of approximately 49,900 tonnes of WO3 and 73,000 tonnes of molybdenum. The acquisition is expected to further enhance Xiamen Tungsten's upstream resource security.
Jiujiang Dadi holds mining rights with retained resources of approximately 49,900 tonnes of WO3 and 73,000 tonnes of molybdenum. The acquisition is expected to further enhance Xiamen Tungsten's upstream resource security.
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