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China Nonferrous Mining Corp. Ltd. ( (HK:1258) ) has shared an update.
China Nonferrous Mining Corporation Limited has announced its acquisition of a 10.5% share in SM Minerals, a company registered in Kazakhstan with significant copper mining rights. This strategic investment is aimed at expanding the company’s presence in the copper mining industry, enhancing its resource portfolio, and strengthening its market position. The acquisition includes a plan to eventually secure a controlling stake in SM Minerals, which is expected to drive future growth and optimize the company’s resource strategy.
More about China Nonferrous Mining Corp. Ltd.
China Nonferrous Mining Corporation Limited is a company incorporated in Hong Kong, focusing on the mining industry. It is involved in the acquisition and development of mineral resources, particularly copper, and aims to expand its market presence and resource portfolio.
YTD Price Performance: 32.06%
Average Trading Volume: 14,707,991
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27B
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