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China Hanking Holdings Ltd. ( (HK:3788) ) has shared an announcement.
China Hanking Holdings Limited announced a significant increase in mineral resources at its Shangma Mine, located in Fushun City, Liaoning Province. The mine’s resources have grown by approximately 79.76 million tons to a total of 110 million tons, marking a 265% increase. This expansion in resource evaluation, supported by extensive geological exploration, aims to enhance production capacity and ensure sustainable development, thereby benefiting the local economy. The improved resource base and extended mining rights position the company for strengthened operations in the mining sector.
More about China Hanking Holdings Ltd.
China Hanking Holdings Limited is a company incorporated in the Cayman Islands and is involved in the mining industry. It operates through its subsidiary, Fushun Hanking Shangma Mining Co., Ltd., focusing on mineral resource extraction and development.
YTD Price Performance: 11.69%
Average Trading Volume: 249,734
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.69B
For an in-depth examination of 3788 stock, go to TipRanks’ Stock Analysis page.