Naipu Mining (300818) Abandons Alacran Mine Investment, Terminates Veritas Resources AG Share Subscription

Published: Feb 3, 2026 21:36

Save

【SMM News Flash】Naipu Mining Machinery (300818) announced on February 3 that the company held a board meeting that day and reviewed and passed the "Proposal on Terminating the Subscription of Shares of Veritas Resources AG, Switzerland," agreeing to abandon its investment in the Alacran copper-gold-silver mine project in Colombia. The termination of participation in the subscription was based on changes to the originally agreed closing preconditions and other terms. The company did not commit any breach of contract and therefore is not liable for any breach of contract obligations.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Middle East Risk Aversion Sentiment Cooled, BC Copper 2606 Fluctuated and Closed Higher [SMM BC Copper Commentary]

5 hours ago

6 hours ago

Copper Cathode Production Dips in April, May Forecast Lower

[SMM Copper Update] Copper cathode production in April came in at 1.1789 million mt, down 27,200 mt MoM. Cumulative production from January to April reached 4.7067 million mt. Copper cathode production in May is expected to come in at 1.1675 million mt, down 11,400 mt MoM.

6 hours ago

7 hours ago

Tightening Blister Copper Supply in China Weighs on Q2 RCs; May Sees No Relief in Sight [SMM Analysis]

SMM Analysis: On April 30, SMM's monthly blister copper RCs in south China was 850-1,050 yuan/mt, with an average of 950 yuan/mt, down 850 yuan/mt MoM...

7 hours ago