Tianyuan Aluminum to Buy Aluminum Mine in Henan with 203 Mln yuan

SHANGHAI, Jun. 9 (SMM) – Sanmenxia Tianyuan Aluminum Co. entered into conditional agreements to acquire an aluminum mine in Henan at initial considerable of 203 million yuan ($ 33 million), as a part of its Resumption Proposal, it told the Hong Kong Stock Exchange.

Tianyuan Aluminum agreed to buy 51% equity interest of Henan Haorui Industry Co., whose sole asset is Jiajiawa High Alumina Clay Mine located at Mianchi County, Henan Province, with a mining area of approximately 1.8117 square kilometers, the company said in the statement.