Jinduicheng Molybdenum to inject capital to Jinsha Molybdenum
2026-07-31 14:20:54 [Print]
Jinduicheng Molybdenum Co., Ltd. announced on July 27 that it plans to inject RMB782 million (USD115.88 million) to its associate company, Anhui Jinsha Molybdenum Co., Ltd., to support the development of the Shapinggou molybdenum mine project. As part of the capital increase, Jinsha Molybdenum's registered capital will be raised from RMB200 million (USD29.64 million) to RMB2.5 billion (USD370.47 million), with Jinduicheng Molybdenum subscribing 34% of the new equity in line with its existing stake.
The infusion is expected to strengthen Jinsha Molybdenum's financial foundation, facilitating both the project's subsequent construction and external financing efforts. It will also accelerate the mine development schedule, paving the way for earlier production and profitability, which in turn is set to boost Jinduicheng Molybdenum's investment returns.
The infusion is expected to strengthen Jinsha Molybdenum's financial foundation, facilitating both the project's subsequent construction and external financing efforts. It will also accelerate the mine development schedule, paving the way for earlier production and profitability, which in turn is set to boost Jinduicheng Molybdenum's investment returns.
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