Recently, Shudao Railway Investment Group's New Materials (Gulin) Company successfully won the Longhua Limestone Mine for Building Stones in Longshan Town, Gulin County, Luzhou City, Sichuan Province with 64 million yuan. The reserve of the mine is 46.983 million tons, with an annual output of 3 million tons and a transfer period of 11.5 years.
According to the announcement, the bidder will pay the proceeds from the transfer of mining rights in installments, the initial payment amount is 20% of the transaction price, and the remaining part will be paid equally in six years, from 2024 to the end of February each year in 2029.
It is understood that Shudao Railway Investment Group is a provincial state-owned enterprise newly established by Shudao Investment Group Co., Ltd. in accordance with the strategy of "strong transportation province" of the Sichuan Provincial Committee and the provincial government, which was unveiled on December 29, 2021. Railway investment and construction, mineral resources development, intelligent manufacturing and railway engineering construction. In the early stage, Shudao Railway Investment Group focused on the construction of railways, expressways and other projects, and has been using high-specification natural sand such as Dongting Lake sand, with relatively high construction costs. In order to further reduce costs, in 2017, it began to lay out sand and gravel mines for construction and enter the field of sand and gravel aggregates.
At present, the Group has a limestone aggregate production line with an annual output of 5 million tons, which adopts the mode of self-investment, self-construction and self-management, and is a pilot project of industrial synergy within Shudao Group.
The successful bidding of mining rights further enhanced the resource reserve and industrial advantages of New Materials (Gulin) Company in the field of sand and gravel, and provided support for Shudao Railway Investment Group to open up new areas of mineral resources and increase new economic growth points. Next, New Materials (Gulin) Company will carry out mine construction in accordance with the green mine construction standards, and continue to closely focus on the strategic planning of Shudao Railway Investment Group, continue to expand the logistics park construction, marble processing, limestone production line and other business chains, to help the high-quality development of Shudao Group's mineral sector.
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