Rizhao Port, Chalco to Form Joint Venture for Mineral Resources Development

Published: May 29, 2025 10:53

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On May 27, 2025, Rizhao Port Co., Ltd. announced that Rizhao Port Container Development Co., Ltd., a wholly-owned subsidiary of Rizhao Port, plans to establish a joint venture with Chalco (Xiong'an) Mining Co., Ltd. The registered capital of the joint venture will be 647 million yuan, with Rizhao Port Container Development contributing 226 million yuan in kind, holding a 35% stake, and Chalco Mining contributing 421 million yuan in cash, holding a 65% stake. The name of the joint venture is Chalco (Rizhao) Mineral Resources Development Co., Ltd. (tentative name, subject to the final approval and registration by the industrial and commercial registration authority). The establishment of the joint venture will better drive multi-party collaboration and enhance port throughput and operational efficiency.

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