Gao Peng Mining (02212) announced that after obtaining land use rights through bidding, it was announced on December 27, 2024 (joint transaction...
Zhitong Finance App News, Gao Peng Mining (02212) announced that on December 27, 2024 (after the end of the trading period on the Stock Exchange), the company's indirect wholly-owned subsidiary, Xiangyang Gaopeng (as a transferee) signed separate land use rights transfer contracts with (i) the Guanyintang Village Villagers Committee (as the transferor) for the acquisition of land use rights; and (ii) the Miaojiagou Village Villagers Committee (in the capacity of the transferor) entered into a Miaojiagou land use rights transfer contract with the total cost of RMB 11.4 million yuan .
According to reports, the Guanyintang plot is located in Guanyintang Village, Xiaoyan Town, Nanzhang County, Hubei Province, China. The plot is identified by the following numbers: 040404, 040405, 040406, and 040407. The site area is 0.087 million square meters. The Miaojiagou plot is located in Miaojiagou Village, Xiaoyan Town, Nanzhang County, Hubei Province, China. The plot is identified by the following numbers: 003544, 003551, 003552, 003555, 003556, 003559, 003565, 003566, 003568, 003574, 003594, 003596, 003598, 003601, 003602, 003799, 0065020 and 0065029. The site area is 283,726.67 square meters.
Given that these plots are adjacent to the mining site of the Duoyan Project, after the acquisition is successfully completed and the use of these plots is subsequently changed, it is expected that the construction and expansion of roads between these plots and the mine will improve access to the mine, thereby increasing production capacity and improving logistics. Furthermore, in addition to road construction, several parts of the Miaojiagou plot will be used as additional space for the Yiduoyan Project and its installation for mining-related facilities and machinery. It is expected that the strategic development of infrastructure will also support the long-term sustainable development of the Yiduoyan Project, contribute to the Group's operational development, and benefit its long-term business development.