Published: Nov 9, 2023 10:35
Changjiang Materials announced on November 6th that its wholly-owned subsidiary, Changjiang Mineral Processing Co., Ltd., successfully bid 77.2 million yuan of its own funds for the "Exploration and Mining Rights of Tiaojia Natural Quartz Sand Mine in Zhangwu County, Liaoning Province" and signed the "Listing and Transfer Confirmation of Exploration and Mining Rights" with the Fuxin City Public Resources Trading Center (Fuxin City Government Procurement Center). It is reported that the transfer of exploration and mining rights covers an area of 2.4333 square kilometers, with an estimated resource of 102 million tons, a mine with an annual production capacity of 3 million tons can be set up, and the listing starting price is 77.2 million yuan. After the expiration of the public offering period without objection, the "Exploration and Mining Rights Transfer Contract" needs to be signed, the bidding transaction price needs to be paid, and the application procedures for the exploration and mining rights need to be completed in order to obtain the exploration permit and start the exploration work.

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