Zijin Mining Completes Acquisition of 84% Stake in Shapinggou Molybdenum Mine, Signs Intent for Smelting Venture

Reuters08-29

<a href="https://laohu8.com/S/02899">Zijin Mining</a> Completes Acquisition of 84% Stake in Shapinggou Molybdenum Mine, Signs Intent for Smelting Venture

Zijin Mining Group Company Ltd. has announced the completion of its acquisition of an 84% equity interest in Anhui Jinsha Molybdenum Co., Ltd., which was acquired through public tender on October 21, 2022. This acquisition grants Zijin Mining a 100% interest in the Shapinggou Molybdenum Mine located in Jinzhai County, Anhui Province. The company has successfully coordinated with relevant parties to secure all necessary permits and licences for the project, including the mining permit and environmental impact assessment approval. Additionally, Zijin Mining has signed a letter of intent for cooperation to establish a smelting company at the Shapinggou Molybdenum Mine site, with Jinduicheng Molybdenum holding a 51% equity interest and leading its construction and operation, while Jinsha Molybdenum will hold 49% of the equity interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zijin Mining Group Company Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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