Xinjiang's three mineral exploration rights have been acquired by private enterprises.

Published: Mar 22, 2024 21:22

Save

The three rights are for areas including an 18.83 square kilometer mineral deposit in Tianshuihai, Hotan County, a 6.7059 square kilometer deposit in the outskirts of Dahongliutan, Longmen Mountain, Hotan County, and a 105.3935 square kilometer deposit in the southern part of Washixia, Ruoqiang County. These were won respectively by Xinjiang Dehuilongwang Mining Co., Ltd., Hotan Zhiyuan Mining Co., Ltd., and Xinjiang Hongshengjairui Mining Co., Ltd."

Recently, entrusted by the Ministry of Natural Resources, Xinjiang successfully auctioned the exploration rights for three minerals in Hotan County, including the Tianshuihai mineral exploration and others, with a total transaction price of 2.56269 billion yuan. All the winning bidders were private enterprises. This represents the first batch of mineral resources exploration rights successfully auctioned in Xinjiang this year. The three rights are for areas including an 18.83 square kilometer mineral deposit in Tianshuihai, Hotan County, a 6.7059 square kilometer deposit in the outskirts of Dahongliutan, Longmen Mountain, Hotan County, and a 105.3935 square kilometer deposit in the southern part of Washixia, Ruoqiang County. These were won respectively by Xinjiang Dehuilongwang Mining Co., Ltd., Hotan Zhiyuan Mining Co., Ltd., and Xinjiang Hongshengjairui Mining Co., Ltd."

New Energy new energy prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[Lithium Battery: Zhaoxin Shares Establishes Joint Venture Company]

On April 21, news emerged that Zhaoxin Shares disclosed an announcement regarding its wholly-owned subsidiary's external investment to establish a joint venture company. The company's wholly-owned subsidiary, Qinghai Ruiqi New Material Technology Co., Ltd., plans to sign a "Joint Venture Operating Agreement" with Shenzhen Chaochuang Sanre New Energy Technology Co., Ltd. to jointly invest in establishing a joint venture company, deepening upstream and downstream supply chain cooperation in salt lake resources. The company aims to achieve deep synergy in areas such as the development and utilization of salt lake resources, waste battery recycling, and lithium-containing raw materials.

1 hour ago

[Lithium Battery: Tianqi Lithium's Q1 2026 Net Profit Expected To Reach 2 Billion Yuan]

On April 20, Tianqi Lithium Corporation released its performance forecast for the first quarter of 2026. The company expects its first-quarter performance to show a significant year-on-year increase, with net profit attributable to shareholders of the listed company ranging from 1.7 billion yuan to 2.0 billion yuan, a year-on-year increase of 1530.31% to 1818.01%. On the one hand, benefiting from the development of the new energy industry and growth in downstream demand, the company's operating revenue for the first quarter increased significantly compared to the same period last year. On the other hand, the company's investment income from its associate SQM increased significantly year-on-year.

1 hour ago

2 hours ago

Sunwoda Unveils “Xingchi Supercharge 2.0” with Ultra-Fast Charging Performance

Chinese battery maker Sunwoda unveiled its next-generation LFP battery, “Xingchi Supercharge 2.0,” during its Technology Day event. The key highlight of Xingchi 2.0 is its peak charging capability of up to 15C. Based on a 98.8 kWh battery, it can theoretically accept up to 1,482 kW of power. The showcased battery pack, built with 264 prismatic cells, operates under an 844.8V high-voltage system and can handle currents of up to 1,800A. It can charge from 5% to 75% in just 5 minutes and 30 seconds, with an average charging rate of 6.7C.

2 hours ago