On the evening of the 21st, Western Mining announced that the company plans to participate in the bidding for the 36% equity of the Yellow River Mining held by Qinghai Huangdian Mining Management Co., Ltd. The minimum bid price for this acquisition is 3.66 billion yuan, and bidders are required to pay a deposit of 300 million yuan.
Yellow River Mining is a company with abundant mineral resources, holding the mining rights and peripheral exploration rights for the nickel-copper mine HS26 anomaly zone in Xiarhaamu, Golmud City. The company has rich experience and strength in the field of mineral development, and has already established and operated the business of developing the Xiarhaamu nickel-copper mine. Xiarhaamu nickel-copper mine is a well-known super-large nickel deposit in China, and for Western Mining, the acquisition of equity in Yellow River Mining will bring important strategic value to the company.

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