Zijin Mining Group Eyes Potential Acquisition of Zangge Mining

TipRanks19:37 ET

Zijin Mining Group (02899) is discussing a potential acquisition of shares in Zangge Mining with its largest shareholder, its concerted parties, and the second-largest shareholder.

Zijin Mining Group (02899) announces that the company hereby notifies its Shareholders and potential investors that the company is in discussions with Zangge Mining...

Zhitong Finance19:24 ET

Express News | Zijin Mining - Potential Acquisition May Result in Change in Control of Zangge Mining

Reuters19:21 ET

Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.

Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.

cls.cn11:06 ET

Express News | Zangge Mining Says Trading in Shares to Halt From Jan 10 Pending Potential Ownership Change

ReutersJan 9 08:03 ET

Zangge Mining (000408.SZ): In 2025, Zangge plans to produce 1 million tons of potassium chloride and sell 0.95 million tons.

Gelonghui, January 6: Zangge Mining (000408.SZ) announced its production and operation plan for 2025. In 2025, Zangge Potash plans to produce 1 million tons of potassium chloride and sell 0.95 million tons. This is primarily due to Zangge Potash winning the bid for the potassium chloride reserve project in mid-2023. In accordance with the notice requirements from the National Development and Reform Commission and the Ministry of Finance regarding the management of potassium fertilizer reserves, Zangge Potash needs to complete the reserve task of 0.1 million tons of self-produced potassium chloride within three years. As of the date of this announcement, Zangge Potash has completed the reserve task of 0.055 million tons of self-produced potassium chloride, and from May 1, 2025, to April 30, 2026, it also needs to be fulfilled.

Gelonghui FinanceJan 6 04:47 ET