西部矿业迎喜讯 子公司取得采矿许可证

Core Viewpoint - The acquisition of a mining license by Western Mining Co., Ltd. for its wholly-owned subsidiary is a significant step towards sustainable development in the iron resource sector, enhancing the company's resource reserves and market competitiveness [1][2]. Group 1: License Acquisition - Western Mining's subsidiary, Golmud West Mining Resources Co., Ltd., has obtained a mining license from the Qinghai Provincial Natural Resources Department for a multi-metallic mine in the Itwen Chahan West C5 anomaly area [1]. - The mining license is valid from November 26, 2025, to November 25, 2044, covering iron, sulfur, copper, zinc, lead, and gold [1]. - The mine has a resource volume of 20.07 million tons of iron, with an average grade of 31.59% iron, and contains associated metals including 76,100 tons of copper, 60,400 tons of zinc, and 2.86 tons of gold [1]. Group 2: Strategic Importance - The acquisition is part of Western Mining's strategy to strengthen its iron resource sector, which is crucial for the company's long-term development and risk management [2]. - The company currently holds or controls 14 mines, including 7 iron and multi-metallic mines, with a total iron ore reserve of 282.45 million tons [2]. - The high dependence on imported iron ore in China highlights the importance of domestic resource development, positioning Western Mining as a key supplier and resource integrator [2]. Group 3: Broader Resource Strategy - The new mining rights acquisition is part of a systematic resource strategy, with ongoing efforts to accelerate resource reserve expansion [3]. - Western Mining has established resource expansion project teams in Lhasa and Golmud, focusing on mineral resources in Tibet, Sichuan, Xinjiang, Qinghai, and Gansu [3]. - Earlier in the year, the company secured a mining license for a lead-zinc mine in Sichuan with a capacity of 600,000 tons per year and a resource volume of 6.792 million tons [3]. - In October, the company’s subsidiary won exploration rights for a copper multi-metallic mine in Anhui, with significant copper and gold reserves [3].