24
Nov
07:02
Western Mining to buy 36% stake in Qinghai Huanghe Mining
Shanghai-listed Western Mining says it plans to acquire a 36% stake of Qinghai Huanghe Mining from Qinghai Huangdian Mining Management, Kallanish reports.
Western Mining noted the move seeks to increase its resource reserves, expand its non-ferrous metal resources in Qinghai province, improve profitability, and consolidate its industry position.
Qinghai Huangdian Mining Management currently owns 70% of Qinghai Huanghe Mining.
The auction is listed at …
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