Group 1 - The core viewpoint of the news is that Jaxin International Resources (03858) has successfully listed its shares at a price of HKD 10.92, raising approximately HKD 1.199 billion, with a significant initial trading increase of 108.79% to HKD 22.8 [1] - Jaxin International Resources is a tungsten mining company based in Kazakhstan, focusing on the development of the Bakuta tungsten mine project, which is projected to be one of the largest tungsten ore resources globally by December 31, 2024 [1][2] - According to Frost & Sullivan, the Bakuta tungsten mine is ranked as the fourth largest tungsten ore resource mine globally, possessing the largest designed tungsten production capacity in a single mine [1] Group 2 - The Bakuta tungsten mine is located in the Yenbekshikazakh district of Almaty region, Kazakhstan, with convenient access to transportation routes from Almaty and the Horgos port connecting Kazakhstan and China [2] - The project benefits from existing and affordable hydroelectric power supply, which is crucial for cost-effective production [2] - The company aims to develop the Bakuta tungsten mine project into a world-class tungsten mining operation, leveraging its rich tungsten resources and favorable location in Kazakhstan [2]
新股首日 | 佳鑫国际资源(03858)首挂上市 早盘高开108.79% 公司为哈萨克斯坦钨矿开发商