Core Viewpoint - Baodi Mining plans to acquire 87% equity of Congling Energy for a total consideration of 685 million yuan, enhancing its resource base and market presence in Xinjiang [2][3]. Group 1: Acquisition Details - The acquisition involves a cash payment of 89.375 million yuan and approximately 596 million yuan in shares, totaling 685 million yuan [2]. - After the acquisition, Baodi Mining will hold 100% of Congling Energy, which owns the Ziluoyi North Iron Mine in Xinjiang [2][3]. - The transaction is expected to increase Baodi Mining's iron ore resources to approximately 460 million tons, representing a 21.75% increase in reserves [3]. Group 2: Resource and Production Capacity - Congling Energy has a high-quality iron ore resource with a reserve of 82.6611 million tons and an iron grade of 68%, among the highest in the country [3]. - The Ziluoyi North Iron Mine is projected to have an annual ore processing capacity of 4 million tons, with a total investment of 1.147 billion yuan for the project [4]. - The expected production of iron concentrate from Congling Energy is 35,460 tons in 2023 and 42,010 tons in 2024, with a significant increase in mining rights and reserves anticipated [4]. Group 3: Future Production and Strategy - Baodi Mining aims to produce 1.9354 million tons of iron concentrate in 2024, with ongoing projects to enhance production capacity across its mining operations [5]. - The company is focused on expanding its market share, improving cost control, and pursuing mergers and acquisitions to strengthen its fundamentals and competitive position [6].
宝地矿业拟6.85亿全资控股葱岭能源 铁矿资源储量预计将增加21.75%