Xinfa Group Wins Bauxite Ore Exploration Rights in Shanxi for 1.612 Billion Yuan

Published: May 25, 2025 21:48

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On May 14, information from the online trading platform of natural resources in Shanxi Province showed that Xinfa Group, through its actually controlled company Yangpu Aofeiya International Trade Co., Ltd. (hereinafter referred to as "Yangpu Aofeiya"), successfully won the exploration rights for the Zhengyi block bauxite ore in Qinyuan County, Shanxi Province, at a price of 1.612 billion yuan. This marks another significant resource deployment by Xinfa Group in Shanxi Province, following its acquisition of the bauxite ore mining rights in Zhongyang County for 4.557 billion yuan in October 2024. The cumulative investment in these two transactions amounts to 6.169 billion yuan, further consolidating Xinfa Group's control over the upstream of the aluminum industry chain.

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