Qingdao East Steel Tower Unit Secures Phosphate Mining License for Planned Acquisition

Stock News

2小時前

Qingdao East Steel Tower Stock Co., Ltd. (002545.SZ) has announced that its wholly-owned subsidiary, Sichuan Huiyuanda Potash Fertilizer Co., Ltd., is moving forward with a planned acquisition of a 72% stake in Kunming Diyin Mining Co., Ltd. (referred to as "Kunming Diyin").

Recently, Kunming Diyin has obtained both the Mining License and the Real Estate Ownership Certificate (for mining rights) issued by the Department of Natural Resources of Yunnan Province.

The mining license covers phosphate rock, with a mining area of 5.5253 square kilometers and a validity period of 15 years. The acquisition of these certificates marks a positive step toward completing the equity transaction, as it will help strengthen the company's integrated potassium-phosphate industrial chain layout.

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