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Hainan Mining (601969.SH): plans to acquire a 68.04% stake in ATZ Mining and a 51.52% stake in Felston.
Gelonghui reported on December 15 that Hainan Mining (601969.SH) announced that the company intends to purchase a 47.63% stake in ATZ Mining and a 36.06% stake in Felston by issuing shares to Hainan Yuning, and will set up an overseas wholly-owned subsidiary to pay cash for the 20.41% stake in ATZ Mining and 15.46% stake in Felston held by ATZ Investment, thereby acquiring a total of 68% of ATZ Mining.
Hainan Mining (601969.SH): Plans to launch a restricted stock incentive plan for 21.0675 million shares.
On December 15, Glorious Group reported that Hainan Mining (601969.SH) announced its 2024 restricted stock incentive plan, under which the total rights to be granted to incentive recipients amounts to 21.0675 million shares, accounting for approximately 1.03% of the company's total capital of 2,036.077439 million shares as of the date of the announcement of this incentive plan draft. Among them, the initial grant of restricted stocks is 16.854 million shares, which accounts for approximately 0.83% of the company's total capital as of the announcement date of this incentive plan draft, representing 80.00% of the total number of restricted stocks proposed to be granted; a reservation of 421.35.
Hainan Mining Finalizes Bougouni Lithium Mine Deal Termination
hainan mining (601969.SH): The currently imported 0.015 million tons of lithium concentrate raw materials have all been stored, preparing for subsequent production feeding.
Gelonghui November 7th | hainan mining (601969.SH) stated at the performance briefing that as of the end of the third quarter of 2024, 0.02 million tons of lithium hydroxide project civil construction progress has been completed 97%, steel structure construction completed 96%, equipment installation completed 96%, project pyrometallurgical section, hydrometallurgical section equipment installation has been completed, the main structure installation of the entire plant has been completed; pre-production preparation work is progressing in an orderly manner, related permits and compliance procedures are completed synchronously; the project is expected to be completed and put into trial production in 2024. Currently, 0.015 million tons of imported lithium concentrate raw materials have all been placed in the warehouse for the subsequent production process.
hainan mining (601969.SH): Currently, the annual output of 3-4 blocks in production is approximately 3 million barrels.
On November 7th, Hainan Mining (601969.SH) stated at the performance briefing that the existing assets of Locke Petroleum have a relatively stable crude oil production volume in the past two years. The future incremental growth mainly comes from the Weizhou 10-3 Oilfield West Area project and the Huizhou 12-7 Oilfield. These two projects are expected to start production in the first quarter of 2026 and the second half of 2028, respectively. The company's comprehensive tender offer acquisition process for the Oman Oilfield involves both producing blocks and exploration blocks, with the current annual production volume of 3-4 blocks at around 3 million barrels. According to the tender offer acquisition plan, if the settlement can be completed on time within 2024, then in 2025.
Hainan Mining (601969.SH): The current daily production of the Bajiao Field gas field is stable at 2.6 million cubic meters or more
GeLongHui on November 7th, hainan mining (601969.SH) stated during the performance briefing that the daily production of the Bajiaochang Gas Field is currently stable at over 2.6 million cubic meters, with an estimated annual production exceeding 5 million barrels equivalent, already at a relatively high level compared to current gas field production. To further increase production, new capital expenditures are needed for the exploration and development of additional well groups. The company will evaluate and decide on subsequent production increase plans based on factors such as project contract cycles, financial situation, and national oil companies.
Hainan Mining (SHSE:601969) Shareholders Will Want The ROCE Trajectory To Continue
