Metals News
[Pb][Zn]Yunnan Chihong Zinc and Germanium Increases Investment in Affiliated Company
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Sept.12(CBI China) -- On September 9th, Yunnan Chihong Zinc and Germanium Company announced an additional investment of RMB 430 million in its Hulunbeir Chihong Mining Company affiliate, and necessary to smooth construction of 140kt/yr zinc and 60kt/yr lead smelting units.  Shareholders will increase their investments based upon their   original share proportions, and will increase registered capital from RMB 150 million to RMB 1 billion.  Chihong Zinc and Germanium will continue to hold a 51% share in Hulunbeir Chihong Mining after adding RMB 430 million to the subsidiary. 

    In addition to the Hulunbeir Chihong Mining projects, Chihong Zinc and Germanium has another lead and zinc project of a 160kt/yr capacity under construction in Huize county, Yunnan province.  In 2007, Chihong Zinc and Germanium created Daxinganling Yunye Mining Company to develop lead and zinc resources in Daxinganling, Heilongjiang province, and also plans to build another 200kt/yr capacity lead and zinc project.  Completion and start-up dates for the projects are not known.

 

Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: steelresearch@cbichina.com or tel:86-21-51550040

lead Pb
newly added capacity
Yunnan Chihong Zinc and Germanium Company
zinc Zn
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data