On May 19, the mining right of sandstone (red stone) mine for construction in Binjiang Town of Guixi City was successfully sold for 16 years, with an initial listing price of 16 million yuan, and Guixi City Resources Development Co., Ltd. won it with 16 million yuan. The mining area of the
project is 0.43 square kilometers, with a resource reserve of 7.867 million tons.
According to the Digital Building Materials DataBM. Com, Guixi City Resources Development Co., Ltd. is a wholly-owned subsidiary of Guixi State-owned Holding Group Co., Ltd. and is a state-owned enterprise.