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    Guocheng Mining to tap into molybdenum resources through share acquisition

    2024-12-18 14:41:54   [Print]
    Guocheng Mining announced that it plans to acquire no less than 60% stake in Inner Mongolia Guocheng Industrial Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright13% Mo on average.Asian Metal Copyright, which is owned by its controlling shareholder Guocheng Group, by paying cash and incurring obligation.Asian Metal CopyrightGuocheng Mining announced that it plans to acquire no less than 60% stake in Inner Mongolia Guocheng Industrial Co.Asian Metal Copyright The estimated value for 100% stake of Guocheng Industrial is RMB5.Asian Metal Copyright5 billion USD755 million.Asian Metal Copyright5 billion (USD755 million).

    Through the share acquisition, Guocheng Mining will become a controlling shareholder of Guocheng Industrial and tap into molybdenum concentrate dressing business, in addition to zinc concentrate, lead concentrate, silver concentrate and copper concentrate.

    Guocheng Industrial is mainly engaged in the mining and beneficiation of molybdenum concentrate. As of December 31, 2023, the company's Dasuji molybdenum ore in Zhuozi, Inner Mongolia holds mineral reserves of 55.Asian Metal Copyright As of December 31, 2023, the company's Dasuji molybdenum ore in Zhuozi, Inner Mongolia holds mineral reserves of 55.Asian Metal Copyright19 million tonnes, containing 73,646t of molybdenum, at 0.Asian Metal Copyright, which is owned by its controlling shareholder Guocheng Group, by paying cash and incurring obligation.Asian Metal Copyright13% Mo on average.


    .Asian Metal Copyright, which is owned by its controlling shareholder Guocheng Group, by paying cash and incurring obligationAsian Metal Copyright
    Molybdenum Conc. 45%min EXW China
    Unit:RMB/dmtu
    Molybdenum Conc. 45%min EXW China RMB/dmtu
    China molybdenum concentrate producers' sales to production ratio statistics by province by month
    Unit: %
    China molybdenum concentrate producers' sales to production ratio statistics by province by month
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