Chengtun Mining to Acquire 65% Stake in Tibet Haiteng for RMB 709M, Boosting Silver-Lead-Zinc Resources
On September 3, Chengtun Mining announced that subsidiary Sichuan Shengfengyuan Mining will acquire a 65% stake in Tibet Haiteng Industrial from Liu Zongjun for RMB 709 million; the target will be consolidated upon closing. Tibet Haiteng holds exploration permits for the Baga-La (East) lead-zinc mine in Mozhugongka and Linzhou counties, Lhasa, Tibet, valid from July 28, 2026 to July 27, 2031, covering 42.0668 sq km. The target mine contains silver at large-deposit scale, lead and zinc at medium-deposit scale, with medium grades and favorable ore quality. The deal will increase the company's silver-lead-zinc resource base and optimize its mineral portfolio.