Shengda Resources' Unit Completes Mining Right Consolidation for the Shidi Mine; Shares Up 3%
MT Newswires Live
4 hours ago
Shengda Resources' (SHE:000603) unit, Chifeng Jindu Mining, completed the consolidation of the mining right for the Shidi silver-lead-zinc mine and the exploration right for the peripheral Shidi Area lead-zine polymetallic mine, according to a Shenzhen bourse filing on Thursday.
The mining area of the Shidi Mine, which has a production capacity of 300,000 tons per year, rose to 5.2 square kilometers from 4.5 square kilometers after the mining right consolidation.
The real estate ownership certificate and mining permit was received from the Chifeng Municipal Bureau of Natural Resources.
The Chinese mineral products manufacturer's shares rose 3% during the afternoon trade.
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