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Speeding up mining consolidation

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Speeding up mining consolidation

Categories:Industry News
Author:
Origin:The Internet
Time of issue:2015-06-24 10:18
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(Summary description)According to the data, there were 85 companies scheduled to increase and reorganize in the second half of last year. There were 208 companies from January 1 to June 22 this year. According to the wind industry, there are nearly 60 sub-sectors, such as metal and non-metal, paper products, and department stores. Shops, hypermarkets and supermarkets, electronic equipment and instruments, railway transportation, road transportation, etc.

Speeding up mining consolidation

Categories:Industry News
Author:
Origin:The Internet
Time of issue:2015-06-24 10:18
Views:

Information

According to the data, there were 85 companies scheduled to increase and reorganize in the second half of last year. There were 208 companies from January 1 to June 22 this year. According to the wind industry, there are nearly 60 sub-sectors, such as metal and non-metal, paper products, and department stores. Shops, hypermarkets and supermarkets, electronic equipment and instruments, railway transportation, road transportation, etc.

According to the data, as of June 22, the latest case of the fixed increase and reorganization of the Shanghai and Shenzhen markets is the non-public issuance of Luoping Zinc Power. The total amount of funds raised is expected to not exceed approximately RMB 894,831,100. It is planned to invest in the following projects: Acquisition of 100% equity of Hongtai Mining , Technical transformation project of zinc-containing slag comprehensive recovery system to supplement working capital.

This is the second acquisition of mineral resources this year and the second acquisition of mineral resources since June. On June 3, Zhongrun Resources announced that the total amount of funds to be raised will not exceed 28.368 billion yuan. After deducting the issuance costs, all the net proceeds will be used for the acquisition of Iron Ore International (Mongolia) Co., Ltd., Mingsheng Co., Ltd., and Mongolia New Lalgote Iron Ore Co., Ltd. each has 100% equity, repays the target company's loan, expands mining and dressing projects, and supplements working capital, and the company enters the overseas iron ore resource mining industry.

In the past year, there have been relatively few cases of mineral resource injection. In November last year, only Shandong Gold obtained the controlling shareholder’s asset injection of 70.65% equity in Guilaizhuang Company. In addition, the three companies of Chihong Zinc and Germanium, Wuchangyu, and Guitang Co., Ltd. were backdoored and injected 49% of Rongda Mining, 100% of Qianjin Mining, and 100% of Yunsulphur Mining.

Some analysts pointed out that under the background of weak demand and poor profitability, the consolidation of the mineral industry is expected to accelerate from the second half of the year. By then, companies with weak fundamentals may begin to face financial pressure. At the same time, rising environmental pressure will also accelerate the shutdown of marginal production capacity, but this will help improve the industry's supply and demand prospects.

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