On December 16, the mining right of granite mine for construction in Xilangling Mining Area, Ledong County, Hainan Province was successfully sold, with an initial auction price of 1.07 billion yuan, and Anhui Leiming Kehua Co., Ltd. won with 1.29 billion yuan, with a premium of 220 million yuan. The mining area of the
project is 0.958 square kilometers, with resource reserves of 35.4069 million cubic meters. It is planned to be transferred for 20 years, with an annual output of 1.6 million cubic meters.
It is understood that Anhui Leiming Kehua Co., Ltd. was established in November 2006 with a registered capital of 1 billion yuan, and is a wholly-owned subsidiary of Huaibei Mining Holding Co., Ltd.
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