Zijin invests USD269 million to acquire a 71% stake in Chinese lithium mining company Houdao
The acquisition will allow the company to produce 60,000 TPY of LCE from the Xiangyuan Lithium Polymetallic Mine in Hunan.
Chinese company Zijin announced via a stock exchange release on 29 June that it had entered into an equity transfer agreement worth USD269 million (CNY1.8 billion) to acquire a 71.14% stake in Chinese mining company Houdao mining.
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