Zijin Mining Group Company Ltd. has entered into a project cooperation and equity interest transfer agreement with Jinduicheng Molybdenum Co., Ltd. The partnership focuses on the integrated development, deep processing, and other business operations related to the Shapinggou Molybdenum Mine in Jinzhai County, Anhui Province. Under the agreement, Jinduicheng Molybdenum will lead the construction and operation of a new Smelting Company, while Zijin Mining will transfer a 24% equity interest in Jinsha Molybdenum to Jinduicheng Molybdenum for RMB 1.73087 billion. Following the completion of the transaction, Zijin Mining will hold a 60% stake, Jinduicheng Molybdenum 34%, and Jinzhai Urban Development Investment Co., Ltd. 6% in Jinsha Molybdenum. The agreement is subject to certain prerequisites, including the timely establishment and initial capital investment in the Smelting Company by Jinduicheng Molybdenum.
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 via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260115-11992172), on January 15, 2026, and is solely responsible for the information contained therein.
Comments