Gold molybdenum shares: 300 million yuan to invest in Jilin Tianchi molybdenum industry

Published: Feb 21, 2020 16:37

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SMM News: gold molybdenum joint-stock announcement, the company intends to invest in Jilin Tianchi Molybdenum Industry Co., Ltd., the investment amount of 300 million yuan. After taking a stake, the company accounts for 18.2967% of its equity. Jilin Tianchi Molybdenum Industry has 224.57 million tons of ore reserves and 253931 tons of molybdenum metal reserves in Jide Molybdenum Mine, a small town in Shulan City, Jilin Province, with an average grade of 0.113%. The design mining mode is open pit mining, the production scale is 8.25 million tons / year.

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