On February 22, the limestone and dolomite mines in Ping'an Mining Area, Shiya Town, Xingbin District, Laibin City, Guangxi were successfully sold for 14 years, with a starting price of 254 million yuan. Fengyuan Mining Co., Ltd. of Laibin City, Guangxi, won the bid with 395 million yuan, with a premium of 141 million yuan and a premium rate of 55.51%. The mining area of the
project covers an area of 0.6368 square kilometers, with a total recoverable resource of 0.56 million tons of 10430, including 0.66 million tons of 10318 of limestone ore and 1.119 million tons of dolomite ore.
According to the Digital Building Materials DataBM. Com, Guangxi Laibin Fengyuan Mining Co., Ltd. was established in July 2020 with a registered capital of 100 million yuan, which was co-funded by Zhang Yonghua and Chen Huailong, accounting for 64% and 36% of the shares respectively.