China Natural Resources(US:CHNR)2022-03-30 16:00Capital Expenditures and Investments - China Natural Resources plans to increase capital expenditures for nickel exploration at the Moruogu Tong Mine in Inner Mongolia in 2022[1] - The company intends to fund six additional drilling holes, with an initial investment of CNY 2.16 million, to expedite resource capture in the southern part of the mine[2] Market Conditions and Strategic Evaluation - Chairman Mr. Wong Wah On Edward highlighted the high commodity prices and increasing demand for raw materials, particularly in sectors like electric vehicles and electronics[3] - The company is evaluating strategic options with other natural resource mines, including copper, vanadium, and kaolin mines, to enhance asset monetization for shareholders[3] Diversification and Opportunities - China Natural Resources is also exploring opportunities in the wastewater treatment industry and the healthcare sector[4] Risks and Challenges - The company faces various risks, including potential lack of appetite for current holdings and uncertainties related to metal price volatility and mining permits[5]