129836519489531250_69Xiamen tungsten or tungsten industry why lost world's largest involving related party transactions
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http://img3.cache.nEtease.com/photo/0025/2012-06-05/t_838N6A3G0APS0025.jpg on June 7, the tungsten industry in Xiamen (600,549. SH) to a paper notice with the potential economic value exceeding $ 300 billion of the world's largest tungsten mine drawn boundaries. Nevertheless, the day HATungsten industry was opened to daily limit, to close up 4.34%, appears in the highest prices since April 12, 2011, and rose as high as $ 1.884 billion for large transactions. "To say in hutang tungsten deposit, Jiangxi province, is the product of tungsten ore would give priority to sell tungsten industry in Xiamen, a listed company of tungsten processing another source of raw material, but because of the tungsten isNational strategic metals, the tungsten ore mining approval is still required a long wait. "Xiamen tungsten industry told reporters. Xiamen tungsten industry why not previously involved in hutang of tungsten ore prospecting, Jiangxi province, the person explained, they did find Xiamen tungsten industry to discuss cooperation, but low tungsten ore has been found, is not optimistic about the prospects and stocks of listed companies in need of the report andEarnings forecast, these are not available at that time, considered too risky, given up. However, Xiamen tungsten industry abandon the so-called "risk", has been its people belong to an actual control of Xiamen three Rainbow affiliates of tungsten and molybdenum company limited (hereinafter referred to as Xiamen three Rainbow) picked up a bargain, this reason interesting. Xiamen tungsten industry integration or is expected to fall through while clarifying and determining 160,000 tons of tungsten metal in hutang tungsten deposit, Jiangxi province, but also indirectly holds the mineral rights of listed companies in Xiamen Hong into three expectation and speculation. According to the mining rights in hutang tungsten deposit, Jiangxi province Jiangxi giant industrial company limited (hereinafter referred to as giant pass of Jiangxi province). In February 2010, Xiamen Hong funded three giant code investments limited acquisition of Beijing Jiangxi giant passes30% shares, as the second-largest shareholder, shareholders holding giant Beijing code 53%. It was learned that Xiamen tungsten industry in early 2010 (according to Xiamen three clarification announcement should be a Rainbow) has visited Jiangxi province, head of multiple geologic prospecting team, hear expert views on hutang prospecting and study geologic prospecting team strength. In March, the geologic prospecting team stationed in the Great Lakes pond exploration. At this time, Xiamen Hong has just completed three stakes on giant pass of Jiangxi. A story appears in the official website of the Department of land and resources revealed, hutang tungsten ore originally planned total investment of $ 100 million, but in the end the actual cumulative investment exploration funds amounted to more than 200 million Yuan. Xiamen tungsten industry bulletin displays, giant passes are now mainly on the Great Lakes pond in Jiangxi tungsten resources tungsten mining exploration and some, with an annual output of around 600 tons of tungsten concentrateMainly sold to Xiamen tungsten industry, 2011 deals amounting to $ 103 million. Xiamen tungsten Co Chairman, Liu Tonggao, Xu Huoyao, Vice Director in the company. Giant passes this time sitting on the world's largest in Jiangxi tungsten mines, Xiamen tungsten industry of asset injection has undoubtedly many imaginations. In fact, Xiamen, Xiamen Hong and three associated upstream and downstream and relationship between the tungsten industry,After it has been present in the market consolidation is expected. In accordance with the access to information, Xiamen three Rainbow was established in April 2000 from Xiamen tungsten industry in a discrete manner State-owned holding enterprises, registered capital of more than 477.7 million Yuan, mainly for venture capital for mineral resources. Metallurgy, controlling shareholders in Fujian province Xiamen tungsten industry (Holdings) company limited and its wholly-owned subsidiary Xiamen three together hold Rainbow 34.51% shares, as the actual controller. According to another Dragon technology (600,058. SH, is one of the minerals development) on May 23, 2003 announcement, the company signed a contract with Minmetals nonferrous metals company limited on March 26, 2002, will be held in Xiamen Hong 30.35% of the three units, to $ 67.76 million transferTo each other. Xiamen tungsten industry on March 25, 2011 announcement also shows that, as of December 31, 2010, Xiamen three Rainbow's total assets
read more, net assets $ 323.04 million $, where monetary funds is $ 72.92 million. "Rainbow currently not injected tungsten industry in Xiamen Xiamen three, related party transactions between the two sides is not a prohibited class. "The foregoing Xiamen tungsten industryView. Tungsten industry in Xiamen, Xiamen three Rainbow with essentially no competition exists, but the related transaction conditions, there are three Rainbow fund the Xiamen tungsten industry in Xiamen, Xiamen Hong subordinate Lu Xiang in Rwanda three mining companies to the Xiamen tungsten industry related transactions such as sales of tungsten concentrate. Xiamen tungsten industry also said in a clarification announcement, having consulted the self holding company shareholders and companies, within the next three months are notIncluding, but not limited to, non-public offering, capital injection, and other important matters. Do not participate in the world's largest tungsten mining tungsten mine turned out of the world's largest, triggering Association also may be involved in the mining of tungsten industry in Xiamen. Important is that Xiamen tungsten industry on June 7 to clarify announcement nor did it participate in the mining sectors. Some market participants believe that Xiamen tungsten industry last year, and localCooperation agreement signed between the Government of Xiamen tungsten industry benefit from Great Lakes pond in Jiangxi tungsten mines worth looking forward to. Relevant announcements show, April 30, 2011, the tungsten industry in Xiamen, China Minmetals non-ferrous, Xiamen Hong and Jiangxi three local project cooperation agreement signed between the Government of the cemented carbide, tungsten industry in Xiamen tungsten and Minmetals non-ferrous intends to invest $ 2 billion to develop processing industry. At present, the two sides have jointJiujiang Golden Heron carbide Ltd, Xiamen tungsten industry holding 70%, MINMETALS nonferrous metals holding 30%, tungsten processing project launched a phase of investment construction. At the same time, Xiamen, Xiamen tungsten industry and three Rainbow intends to invest more than $ 2 billion for tungsten resources exploration and mine development, but as of now, Xiamen tungsten resources tungsten industry has not been jiujiangdiqu exploration and mine development. "PublicJiujiangdiqu deep processing of major investment and development of tungsten industry, the Secretary, three main Rainbow in Xiamen tungsten resources exploration and mine development, both sides will work together to build a complete chain of tungsten industry in Jiujiang city, resources for the industry. "Xiamen tungsten co said. Xiamen tungsten industry clearly stated before telling reporters, will not be involved in the Xiamen tungsten industry in hutang tungsten mine, Jiangxi province. "Now (World's largest tungsten mine) is Xia Hong and Jiangxi giant three-way trying to come, people spent a lot of effort and costs, what to you? "That said," as of now
view my site here, Xiamen tungsten industry did not invest a dime in Jiangxi Jiujiang area of exploration costs. "Follow the announcement last year, Xiamen Hong equity participation in management of the three giant through investment of 700 million yuan in Jiangxi province, Tong tungsten North and South of the Great LakesCoal mine mining, while Xiamen Hong holdings three duchang jinding Jiangxi tungsten and molybdenum mining limited investment of $ 400 million, mine construction. Government is supporting Xiamen tungsten industry in Jiujiang city and Xiamen Hong in three County under Jiujiang city in empty space between the mineral rights and mineral rights, legally obtained prospecting and prospecting work. "Are looking for, find good exploration projects will certainly be involved. "These XiamenTungsten industry said. Is of concern, it was responsible for the Great Lakes pond tungsten exploration and geological introduction to Captain Liu Xianmu of 916, Tong and peripheral prospecting in mining area of the Great Lakes has a bright, entirely possible to find a Great Lakes pond tungsten mine. In accordance with the agreement with Jiujiang projections, excluding investment in Xiamen three Hong, Xiamen tungsten industry at least tungsten resources invested more than $ 900 million in the areas of exploration andMine development.
Xiamen tungsten industry in the world's largest tungsten mine is not without interest, "can at least guarantee tungsten needed for processing raw materials supply, problem has been resolved and in the upper protection." such people concerned believe that the tungsten industry in Xiamen. 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