ZCIGC(SZ:002761) Mei Ri Jing Ji Xin Wen·2025-08-29 15:48Core Viewpoint - The lawsuit initiated by Zhejiang Construction Investment against the Lanxi City Natural Resources and Planning Bureau stems from a mining rights transaction that began in 2021, with a claim amounting to 1.88 billion yuan, highlighting significant disputes over contract performance and resource estimates [1][2][5]. Group 1: Transaction Background - In June 2021, Zhejiang Construction Investment's subsidiary successfully bid for mining rights in the Lanxi City Chenjiaying Quarry for 1.27 billion yuan, with a planned annual production capacity of 7.6 million tons [3][4]. - The project was deemed strategically important for the company, aimed at increasing mineral resource reserves and ensuring stable supply of construction materials amid a scarcity in the market [3][4]. Group 2: Legal Dispute - The lawsuit filed on August 29, 2023, by Zhejiang Construction Investment's subsidiary, Zhejiang Lanxi Mining Co., seeks to terminate the mining rights contract and supplementary agreements, citing multiple breaches of contract by the Lanxi City Natural Resources and Planning Bureau [5][6]. - The core issues of the dispute include discrepancies in mineral resource estimates, approval for land use, and environmental impact assessments, which are critical for project advancement [7][8]. Group 3: Implications and Future Outlook - The company has indicated that it cannot currently assess the impact of the lawsuit on its profits, pending the court's decision, and will continue to monitor the situation closely [8].