The transaction price is 140 million yuan! Jinyu Taini (Daixian) Environmental Protection Technology Wins a Limestone Mining Right for Cement

2023-02-08 09:34:57

Jinyu Taini (Daixian) Environmental Protection Technology Co., Ltd. won the mining right of the mine with a transaction price of 140 million yuan.

Recently, the Ministry of Natural Resources announced the results of the transfer of limestone mining rights for cement near Xiwayaotou Village, Yanmenguan Township, Daixian County. Jinyu Taini (Daixian) Environmental Protection Technology Co., Ltd. won the mining right of the mine with a transaction price of 140 million yuan.

It is reported that the reserves of the mine are 67.488 million tons of limestone for cement and 21.1758 million tons of limestone for symbiotic building stones. According to

the data, Jinyu Taini (Daixian) Environmental Protection Technology Co., Ltd. was established on September 07, 2021, registered in Xiwayaotou Village, Yanmenguan Township, Daixian County, Xinzhou City, Shanxi Province, and its legal representative is Li Qinggang. Tangshan Jidong Cement and Taiwan Cement (Yingde) Cement hold 60% and 40% of the shares respectively.

The business scope includes general items: new material technology promotion service; resource recycling service and technical consultation; building material sales; technical service, technical development, technical consultation, technical exchange, technical transfer and technical promotion; resource recycling technology research and development; construction machinery and equipment leasing; office equipment leasing service; machinery and equipment leasing; Lease of housing; lease of non-residential real estate. (Except for the projects that must be approved according to law, the business activities shall be carried out independently according to law with the business license.) Permitted items: cement production. On August 30,

2021, Taiwan Cement Group and BBMG Group jointly announced that they had decided to deepen their strategic cooperation and set up a joint venture project between their respective Taiwan Cement (Yingde) Cement Co., Ltd. and Tangshan Jidong Cement Co., Ltd. in Daixian Industrial Park, Xinzhou City, Shanxi Province, to accelerate the low-carbon transformation and green sustainable development of the cement industry.

According to the friendly negotiation of both parties, the joint venture company is jointly funded by both parties, in which Tangshan Jidong Cement Co., Ltd. holds 60% of the equity and Taiwan Cement (Yingde) Cement Co., Ltd. holds 40% of the equity. After the establishment of the joint venture company, it intends to acquire a 4500t/d clinker and cement production line related assets of Daixian Hongwei Cement Co., Ltd.

Based on the common concept of both sides in the field of circular economy, the joint venture will build an intelligent factory with international leading level, actively implement environmental protection projects such as green mines, environmental standardization and co-disposal of cement kilns, implement the national goals of "carbon peak" and "carbon neutralization", and strive to achieve the goal of "carbon peak" and "carbon neutralization". Lead the optimization and upgrading of Shanxi cement industry.

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Jinyu Taini (Daixian) Environmental Protection Technology Co., Ltd. won the mining right of the mine with a transaction price of 140 million yuan.

2023-02-08 09:34:57

Prices in Ningxia are stable but export sales are low, Gansu is facing callback pressure after price increases, sales in Qinghai are not up to expectations after pushing up, Shaanxi has great resistance to price recovery, Xinjiang is stable due to engineering demand, and the overall market is mainly stable price wait-and-see in the short term.