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China Hanking Holdings Ltd. ( (HK:3788) ) just unveiled an announcement.
China Hanking Holdings Ltd. announced the renewal of the mining license for its Shangma Mine, expanding the mine’s area and increasing its iron ore resources by approximately 265% to a total of 110 million metric tons. This expansion strengthens the company’s position in the iron ore market and supports its sustainable development strategy. The renewed license, valid until 2039, allows for a production scale of 4 million metric tons per year, and the company plans to continue exploration to further increase resources. The strategic location of Shangma Mine facilitates integration with the company’s other mines, enhancing operational efficiency.
More about China Hanking Holdings Ltd.
China Hanking Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the mining industry. The company focuses on iron ore mining, with operations centered in the Fushun iron ore metallogenic belt in Liaoning Province, China. The company owns several mines, including the Shangma Mine, Maogong Mine, and Aoniu Mine, and emphasizes low-cost exploration to expand its resource base.
Average Trading Volume: 5,495,344
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.82B
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