Xiamen Tungsten to acquire 1.3483% stake in Jiangxi Jutong
2026-07-27 13:31:19 [Print]
Xiamen Tungsten Co., Ltd. announced on July 24 that it plans to acquire a 1.3483% equity interest in Jiangxi Jutong Industry Co., Ltd. from Jiangxi Zhuoxin Mining Co., Ltd. for RMB26.5174 million (USD3.92 million).
Jiangxi Jutong is the operating entity behind the Dahutang tungsten mine development project and currently holds mining permits for both the northern and southern zones of the Dahutang tungsten deposit. The company said that this initial stake acquisition will facilitate further progress in its broader equity purchase negotiations with Jiangxi Jutong and help strengthen Xiamen Tungsten's overall tungsten resource security.
Jiangxi Jutong is the operating entity behind the Dahutang tungsten mine development project and currently holds mining permits for both the northern and southern zones of the Dahutang tungsten deposit. The company said that this initial stake acquisition will facilitate further progress in its broader equity purchase negotiations with Jiangxi Jutong and help strengthen Xiamen Tungsten's overall tungsten resource security.

