525 million yuan! Anyang Zhonglian Wins a Mining Right in Henan

Recently, Leikou Qingyu Limestone Mine in Yindu District of Anyang, Henan Province, was acquired by Anyang Zhonglian Cement Co., Ltd. for 525 million yuan.

The mining right is estimated to have a 33560 of 7,200 tons of ferrous metallurgical flux limestone ore resources and 33.0496 million tons of limestone construction stone ore resources; the designed mining scale is 9.8 million tons per year, which is designed as open-pit mining, road development and automobile transportation, and the proposed transfer period is 19.2 years (including the capital construction period of 1.0 year).

Resource reserves: According to the mineral resource reserve filing certificate and review opinions of the exploration report of Leikou Qingyu Limestone Mine in Yindu District, Anyang City, Henan Province, it is estimated that the 10495 of the proven resources of the ferrous metallurgical flux limestone mine is 0.17 million tons, the 13074 of the indicated resources is 0.67 million tons, and the inferred resources is 99.9088 million tons. The total 33560 is 0.72 million tons; the proven resources of limestone building stone ore are 15.8318 million tons, and the controlled resources are 17.2178 million tons, totaling 33.0496 million tons.

Resource development and utilization: The mining method of the mine is open-pit mining. Mining minerals are ferrous metallurgical flux limestone ore and limestone building stone ore. According to the reviewed "Leikou Qingyu Limestone Mine Mineral Resources Exploitation and Ecological Restoration Plan", the designed recoverable reserves of ferrous metallurgical flux limestone mine in the mining area are 155.3968 million tons, and the recoverable reserves of limestone building stone mine are 14.6122 million tons, with a total 17000 of 9000 tons; The designed mining scale is 9.8 million tons/year. It is designed for open-pit mining, highway development and automobile transportation. The proposed transfer period is 19.2 years (including 1.0 year of capital construction period). Requirements for

mine geological environment protection and land reclamation: the bidder shall conduct mining and restoration in accordance with the approved Mineral Resources Mining and Ecological Restoration Plan, and establish a green mine in strict accordance with the green mine construction standards of relevant industries.