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subject: Canadian Discount Package Sung To Sell Yellow Trench Three Lead-zinc Mining [print this page]


X Inner Mongolia Autonomous Region Development Institute of Geology and Mineral Exploration of Inner Mongolia held intentionally sung Mining Co., Ltd. 45% equity tied Lama Wengniute ditch Chifeng City, Inner exploration for polymetallic ore transfer package, while the other sung mining Inner Mongolia, China Geological Mining company shareholders,tantalum uses, Ya-shield, aqua regia will sell all its holdings of equity of the company. It is assessed that the transfer of assets of a total of 34.49 million yuan, listing price 50 million yuan, of which 45 million yuan a reserve price of equity transfer.

Mainly engaged in non-ferrous metal mining sung ore exploration,mining; ore processing, purchase and sale and mining technical advice, the registered capital of 10.5 million yuan. In 2009, the company's main income of 5.51 million to achieve a loss of 28 million, while the first half of 2010 profit of 26 million. Sheng-core assets are mineral rights to mining assets, including: an exploration (exploration area: 15.73 square kilometers, the assessed value of 23.5773 million yuan), a case of mining rights (exploitation of minerals: lead, zinc, silver ; mining methods: underground mining; Production scale: 30,000 tons / year; mining area: 0.9976 square kilometers, the assessed value of 1.6177 million yuan.)

Public information, Sheng-owned mineral rights to mining for the Inner Mongolia Autonomous Region Lead Wengniute yellow trench exploration and mining permit rights, the company has repeatedly with intent to sell. March 2009, the company has plans to sell 5,000 million price zinc yellow trench mining rights; November 2009, the company has packaged together with transfer listed exploration. The re-listing from the current point of view, the value of yellow trench was not a result of lead and zinc commodity prices and improve the contrary, devaluation, or even need to pack and other mineral rights in order to attract buyers.

The bundled with it Wengniute Lama ditch polymetallic ore prospecting and exploration area of 2.52 square kilometers, valid for January 2, 2010 to January 1, 2011. Alleged that the exploration work is completed survey report, based on the assessment,tantalum price, the assessment of the case is 1.9749 million yuan prospecting, exploration and development of Inner Mongolia Institute of Geology and Mineral tenth of its reserve price set at 500 million.

This does not seem hot mineral rights transfer, the transferor transferee also made certain requirements, first of all requires one to pay the full price, then do not accept the Commonwealth of the transferee, the transferee also asked geological exploration work commitment After the completion of detailed investigation,machining tantalum, reserves and mining conditions in the case have to be invested in the local mineral processing projects, and asked Lama Wengniute Inner ditch polymetallic ore prospecting may not be transferred within two years,tantalum, and to ensure ongoing geological work.

Source: http://www.mhcmm.com

by: ddew




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