Successfully sold the mining right of granite for construction in Rongcheng, Shandong, with a turnover of 50.43 million yuan

On June 13, the mining right of granite for construction in Dongshan Jiazishan, Rongcheng City, Weihai City, Shandong Province was successfully sold for 10 years, with an annual output of 1.19 million cubic meters and an initial listing price of 50.4388 million yuan. Rongcheng Shidao Mineral Resources Development Co., Ltd. paid 50.4388 million yuan. The mining area of the

project is 0.3845 square kilometers, with 13.8192 million cubic meters of resources.

According to the Digital Building Materials DataBM. Com, Rongcheng Shidao Mineral Resources Development Co., Ltd. was established in August 2022 with a registered capital of 10 million yuan, which was co-funded by Rongcheng Land Development Group Co., Ltd. and Weihai Haigaoyuan City Construction Investment Co., Ltd., accounting for 70% and 30% of the shares respectively.

Rongcheng City is located in the easternmost of Shandong Peninsula, surrounded by the sea on three sides. Granite is the dominant mineral in Rongcheng, which is rich in resources and excellent in quality. Quartz sand resources are abundant, with 14 deposits, mainly distributed in Rongcheng Xukou-Xianrenqiao, Rongcheng Bay Sand Beach, Chengdong Sand Beach and Ningjinsuo Sand Beach. The prospective reserve is 125.06 million tons and the mining reserve is 75.04 million tons. Xukou-Xianrenqiao quartz sand is of good quality and can be used as siliceous raw material for glass. It is the largest quartz sand mine in Shandong Province and is mainly used for construction. In addition, Rongcheng also distributes silver ore, molybdenum ore, medium-sized molybdenum ore, lead-zinc ore, copper ore, gold ore, iron ore, phosphate ore, etc.