Jinchuan Group: Intends to Acquire 80% Equity of Lubambe Copper Mine
Jinchuan Group has announced that the company intends to establish a new wholly-owned overseas subsidiary to acquire 80% of the equity of Lubambe Copper Mine Limited ("LCML") held by Konnoco (B) Inc. for 1 USD, and to acquire the debt formed by Lubambe Copper Holdings Limited's provision of a 857 million USD loan to LCML for 1 USD. Upon completion of the transaction, the company will own 80% of the equity of Lubambe Copper Mine. The mining rights of Lubambe Copper Mine are valid until April 28, 2033, covering an area of 5813.04 hectares.

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