According to App, Sichuan Times New Energy Resources Co., Ltd. was established on January 13, with a registered capital of 1 billion yuan. Its business scope includes mineral processing, mineral washing and processing, metal ore sales, and new material technology research and development. The company is 100% controlled by Ningde Times (300750).
Battery Network noted that recently, Ningde era has set up a number of upstream resources companies one after another:
On January 9, Fengxinshi Zhicun New Energy Materials Co., Ltd. was established with a registered capital of 1 billion yuan. the scope of business includes: lithium carbonate series products, lithium cathode materials (except national special regulations) and other chemical products except R & D, production and sales. The company is jointly owned by Ningde Times and Jiangxi Zhicun Lithium Industry Co., Ltd., with a shareholding ratio of 80% and 20%, respectively.
On December 31, 2021, Guizhou Times Mining Co., Ltd. was established, the legal representative is Jiang Li, with a registered capital of 800 million yuan, the scope of business includes: mining of mineral resources (non-coal mines), mineral processing (except rare earth, radioactive minerals, tungsten); mineral washing and processing; metal ore sales and so on. The company is jointly owned by Ningde Times (Guizhou) New Energy Materials Co., Ltd., a wholly-owned subsidiary of Ningde Times, and Guizhou Phosphating (Group) Co., Ltd., with a shareholding ratio of 90% and 10% respectively.
On November 23, 2021, Yichun Times New Energy Resources Co., Ltd., a wholly-owned subsidiary of Ningde Times, was established, with the legal representative of Jiang Li and a registered capital of 1 billion yuan. the scope of business includes mining of mineral resources (non-coal mines), research and development of new materials technology, investment activities with own funds, export business of lithium series products, etc.
In addition, in addition to the Ningde era, BYD (002594) and Yiwei LiNeng (300014) are also laying out in the field of mineral resources this week:
On January 12, local time, the Chilean Ministry of Mines announced that BYD Chile's (BYD Chile SpA) and Northern Mining Services operator (Servicios y Operaciones Mineras del Norte SA) would be granted quotas for 80, 000 tons of lithium production, with bids of US $61 million and US $60 million, respectively. The total quota granted this time is 160000 tonnes, accounting for 1.8 per cent of Chile's known lithium reserves.
On the evening of January 12, Yiwei LiNeng (300014) announced that the company received a "notice of bidding result" and signed a "property right transaction contract" with Qinghai Chaidamu Development and Construction Investment Co., Ltd. Chai Jian bid successfully won 35.2857% of Xinghua Lithium Salt held by Chai Jianbid, with a final transaction price of 144 million yuan (excluding auction service fee). At the same time, the company signed an "equity transfer agreement" with Zhai Yanhong, a shareholder of Xinghua Lithium Salt, to transfer Mr. Zhai Yanhong's 13.7143% equity stake in Xinghua Lithium Salt with 56.0158 million yuan with reference to the above-mentioned auction transaction amount of the company.
Yiwei LiNeng also announced on January 11 that it signed a "Strategic Cooperation Agreement" with Lanxiao Science and Technology, and the two sides will carry out in-depth cooperation in the lithium resources industry chain and actively participate in the development and utilization of lithium resources in Jieze Chaka Salt Lake, Tibet. Lanxiao Technology will encourage all parties involved in the project to give priority to the long-term supply of qualified lithium salt to the company and its designated parties at competitive prices. The agreement tentatively stipulates a period of 15 years for cooperation.
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