95.45 million yuan! Transfer of Mining Right and Ancillary Facilities of No.1 Cement Mine of China Resources Cement

Recently, according to the relevant asset trading platform information, China Resources Cement (Zhangping) Co., Ltd. transferred the mining rights and ancillary mining facilities of Shibankeng Cement Limestone Mine, with a transfer base price of 95.44864 million yuan.

Shibankeng Cement Limestone Mine is located in Yangao Village, Gongqiao Town, Zhangping City, Fujian Province, with a mining area of 5.8684 square kilometers. The mining method is underground mining, with a mining license of 1.2 million tons per year.

The mine design was designed by Fujian Building Material Industry Design Institute in November 2006 and approved by Fujian Safety Production Supervision and Administration Bureau. The whole mine is divided into five mining levels of 450m, 390m, 330m, 275m and 220m, of which three levels of 450m, 390m and 330m have been constructed. The underground operation of the mine is 18460 meters, of which 450 levels are 14488 meters of various roadways. The 390 middle section has been excavated for 686 meters (the main transport roadway has been excavated for 574 meters), and the 330 middle section has been excavated for 3286 meters (the main transport roadway has been excavated for 490 meters). In April 2013, the safety facilities of the 450 middle section passed the completion acceptance by Fujian Provincial Safety Production Supervision and Administration Bureau and obtained the Safety Production License. The mine has been shut down since October 2018.

According to the annual report of reserves in 2018 (compiled by Fujian Huafei Mining Group Co., Ltd.), the total reserve of resources at the end of 2018 was 94.9326 million tons, and no reserve of resources was used thereafter. According to the detailed geological survey report of the mine (prepared by Fujian Geological Exploration Institute of Sinochem Geology and Mine Administration), the average value of CaO grade is above 52%.

Mining license No.: C3500002015067130138584, valid from January 26, 2021 to November 11, 2030, and the resource price has been paid according to the policy requirements.