Interface news on September 6, Xinjiang Baodi Mining Co., Ltd. recently issued an announcement that it intends to transfer 1% of the equity of Hejing County prepared Mining Co., LTD., held by Shanxi Jiwu Pellet Co., LTD., to increase the equity of prepared mining from 50% to 51%, thus becoming the controlling shareholder of prepared mining. Previously, Jiwu has transferred 49% of the equity held by the preparation mining company to Zijin Mining at a price of 563.5 million yuan, and completed the registration of industrial and commercial changes. The reserves of the war iron mine are 404.05 million tons, the ore grade is 41.11%, and the approved mining scale is 5 million tons. To the north is the Chahan Wusu iron ore mine, owned by Xinjiang Huajian Investment Co., 51% owned by Baodi Mining and 49% by Zijin Mining.
The Chahanwusu iron mine has not yet been mined, and the iron ore reserves are 175.2570 million tons, the ore grade is 43.19%, and the approved mining scale is 4.5 million tons. After the completion of this transaction, Baodi Mining and Zijin Mining plan to merge the preparation iron ore and Chahan Wusu iron ore and the overall development and utilization, which is estimated to increase by at least about 13 million tons, reaching a total of about 228.6575 million tons, to achieve integrated mining and comprehensive utilization of mineral resources in the region.
