357 million! Red Lion Wins Mining Right of a Mine in Guangxi

2025-08-26 14:13:55

Recently, according to the announcement of the online listing of limestone mining rights in Longhuai Mining Area, Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City issued by Chongzuo Natural Resources Bureau, on August 18, 2025, Chongzuo Huixin Building Materials Co., Ltd. won the mining rights of the mine for 357 million yuan.

Recently, according to the announcement of the online listing of limestone mining rights in Longhuai Mining Area, Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City issued by Chongzuo Natural Resources Bureau, on August 18, 2025, Chongzuo Huixin Building Materials Co., Ltd. won the mining rights of the mine for 357 million yuan.

It is understood that Chongzuo Huixin Building Materials Co., Ltd. is a subsidiary company of Red Lion Group, with a 5800t/d cement clinker production line. In August 2023, the company won the limestone mine in Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City, Guangxi with 193 million yuan. The total resources of the mine are 106.218 million tons, the annual mining scale is 5 million tons, and the transfer period is 22.4 years. On January 25, 2024, the company won the mining right of siliceous rock for cement ingredients in Licun, Zuozhou Town, Jiangzhou District, Chongzuo City with 52.0363 million yuan.

One、 Transaction

(I) Name of bidder: Chongzuo Huixin Building Materials Co., Ltd.

(II) Address of bidder: Tuolu Building Materials Industrial Park

, Tuolu Town, Jiangzhou District, Chongzuo City (III) Transaction time: August 18

, 2025 (IV) Transaction place: Guangxi Zhuang Autonomous Region District Public Resources Trading Platform System (Chongzuo)

(V) Transaction price: RMB three hundred and fifty-six million seven hundred thousand only (356700000.00)

II. Basic Information of

Mining Right (I) Name of Mining Right: Mining Right

of Limestone Mine in Longhuai Mining Area, Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City (II) Mining Minerals: Limestone for Cement, Limestone for Building Stone, Dolomite

for construction (III) Mining method: Open-pit mining

(IV) Geographical location: Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City

(V) Mining area and turning point coordinates: The mining area is 0.7577 square kilometers

(VI) Mine resources: Root According to the Detailed Survey Report of Limestone Mine in Longhuai Mining Area, Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City, + 321.6m ~ + 103. Within the range of 0 m elevation, it has been found that there is a total 16754 of. 1 thousand tons (61.704 million m3) of limestone resources for cement and building stone and dolomite resources for construction, of which the 15750 of limestone resources is. 3 thousand tons (58.119 million m3) and the dolomite resources is 10.038 million tons (3.585 million m3). It is estimated that the slope occupies a total of 15.2948 million tons (5.6427 million m3) of limestone for cement, building stone and dolomite for construction. Available mineral resources of limestone for cement and building stone and dolomite for construction are 15224 6,200 tons (56.0613 million m3)

(VII) Mining elevation: + 321.6m to + 103.6 m. 0 m

(VIII) Production scale: 7 million tons/year

(IX) Transfer period: 22 years (including capital construction period). It shall be calculated

from the starting date of the validity period specified in the Mining License issued by the transferor to the bidder. Handling of

relevant formalities (I) Payment and method of transfer income: According to the Notice of the Ministry of Finance, the Ministry of Natural Resources and the State Administration of Taxation on Printing and Distributing the Measures for Collection of Transfer Income of Mining Rights (Cai Zong [2023] No.10), The Notice of the Guangxi Zhuang Autonomous Region Taxation Bureau of the State Administration of Taxation of the Guangxi Zhuang Autonomous Region Natural Resources Department of the Finance Department of the Guangxi Zhuang Autonomous Region on Clarifying the Collection and Management of the Income from the Transfer of Mining Rights in Guangxi (Guicai Zong [2024] 22) and other relevant provisions, except for the voluntary one-time payment by the mining right holder, shall be made. The proportion of the first collection of the mining right transfer income is 15% of the mining right transfer income, and the remaining part is paid in annual installments within the validity period of the mining license. The average collection period is 11 years, and the specific payment time is separately agreed in the contract.

(II) Time limit for registration of mining right: The bidder may apply to the Natural Resources Bureau of Chongzuo City for registration of mining right in accordance with the provisions after paying the proceeds from the transfer of mining right as agreed in the contract.

4. The publicity

period is from August 22, 2025 to September 4, 2025, totaling 10 working days. If there is any objection to the result of the mining right transfer during the publicity period, please submit the relevant materials in writing to Chongzuo Natural Resources Bureau before 17:00 on September 4, 2025.

Chongzuo Natural Resources Bureau

August 22

, 2025
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Correlation

Recently, according to the announcement of the online listing of limestone mining rights in Longhuai Mining Area, Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City issued by Chongzuo Natural Resources Bureau, on August 18, 2025, Chongzuo Huixin Building Materials Co., Ltd. won the mining rights of the mine for 357 million yuan.

2025-08-26 14:13:55

On September 5, Chairman Shao Jun of China Cement Network and his delegation visited Ningde Conch Cement Co., Ltd. and were warmly received by General Manager Hong Xianli and others. The two sides exchanged views on the situation of Fujian cement market.