Where has Bainaimiao Copper Mine been restructured and acquired?

Xinxin Mining successfully integrated and acquired the Bainaimiao large copper mine project in Inner Mongolia. On July 13, Xinjiang Xinxin Mining Co., Ltd. (H-share listed company), which is controlled by Xinjiang Nonferrous Metals Group, and two other enterprises signed the Framework Agreement on Mineral Resources Integration in Bainaimiao Copper Mine Area, Siziqi, Wulanchabu City, Inner Mongolia Autonomous Region, which marked a substantial breakthrough for Xinjiang Nonferrous Metals Group to implement the strategy of resource integration outside the region. According to the agreement, in the next three to five years, it is planned to build 5 million tons-6,543.8+million tons/year copper, gold and molybdenum mining projects and 50,000 tons/year electrolytic copper smelting projects. It is reported that the three companies will form a new company according to the modern enterprise system. Among them, Xinjiang Xinxin Mining Co., Ltd. holds 565,438+0%, Gansu Wanxing Industrial Co., Ltd. holds 39%, and Henan Yuguang Gold and Lead Group Co., Ltd. holds 65,438+00%. After the project is completed, it is estimated that the annual output value will be 3 billion yuan and the profit and tax will be 600 million yuan. Yuan Ze, Party Secretary and Chairman of Xinjiang Nonferrous Metals Group Corporation, said that this move is part of Xinjiang Nonferrous Metals Group's strategy of going global. Its success will certainly lay a solid foundation for the resource integration and asset acquisition of Xinjiang Xinxin Mining Co., Ltd., and add great vitality to the subsequent development and sustainable growth of listed companies. According to the agreement, the local government also gives priority to the distribution of copper resources around the mining area to the new company, which increases the exploration space and resources and has a very broad storage prospect.