Workflow
海南矿业3亿元增资丰瑞氟业 布局萤石矿产资源

Core Viewpoint - Hainan Mining Co., Ltd. has signed an agreement to invest 300 million yuan in Luoyang Fengrui Fluorine Industry Co., Ltd., acquiring a 15.79% stake, marking its expansion into the strategic fluorite mining sector [1] Group 1: Investment Details - The investment of 300 million yuan will allow Hainan Mining to gain a significant stake in Fengrui Fluorine Industry, which specializes in the mining and production of fluorite and related chemical products [1] - Fengrui Fluorine Industry holds mining rights for eight fluorite mines in Henan, with a total ore resource of 13.54 million tons and an expected mining output of 718,000 tons in 2024 [1] Group 2: Market Context - Fluorite, also known as fluorspar, is a non-renewable strategic resource recognized as a critical mineral by multiple countries, with applications in industrial, chemical, metallurgical, and new energy sectors, indicating a sustained growth in future market demand [1] Group 3: Strategic Implications - This investment represents Hainan Mining's first foray into the fluorite sector, aligning with its strategy to optimize its resource portfolio and enhance profitability while improving resilience against commodity price fluctuations [1] - Hainan Mining has established a diverse resource layout focusing on strategic resources, including iron ore, oil and gas, and lithium, making it the only A-share listed company with investments in both metal and energy minerals [1]