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Dazhong Mining to invest RMB1.52 billion in building mineral processing and commodity trading base project

Dazhong Mining announced on March 27 that the company signed the "Investment Agreement for Yangzhong Mineral Processing and Commodity Trading Base Project of Dazhong Mining", proposing to acquire and continue the construction of Shenghao Wharf with an annual throughput of about 15 million tons, and construct a 6.25Mtpy ore dressing plant, a 5Mtpy ore concentrate and ore storage yard and a 10Mtpy storage yard for ore pellet, mica and dry-mixed mortar trading in Yangzhong City. The total investment of the project is not less than RMB1.52 billion (USD221 million), and the fixed assets investment is not less than RMB3.8 million (USD551,920) per mu.