410 million transactions, Shandong state-owned enterprises won the mining rights of a basalt mine in Jinan

On January 3, Shandong Lulian Mining Co., Ltd. won the mining right of basalt mine for construction in Shijiulang Mining Area, Zhangqiu District, Jinan City for 410 million yuan. The mining area of the

project is 0.285 square kilometers, and the amount of resources within the mining area is 11.1039 million cubic meters. It is planned to be sold for 11.3 years, and the initial price of listing is 400 million yuan.

According to the Digital Building Materials DataBM. Com, Shandong Lulian Mining Co., Ltd. was established in December 2022 with a registered capital of 300 million yuan. It is a wholly-owned subsidiary of Shandong Tongda Transportation Investment Development Group Co., Ltd. and is a state-owned enterprise.