Group 1 - The core point of the news is that Kinetic Development Metal Mining (SL) Limited, a wholly-owned subsidiary of Power Development (01277), has entered into a cooperation agreement with Minenet Company Limited for a titanium project in Sierra Leone [1][2] - The titanium project is located in Rotifunk, Sierra Leone, and Minenet holds a large mining license covering approximately 117 square kilometers, valid until February 25, 2049 [1] - Under the agreement, Metal Mining will invest and conduct mining operations within a designated area of 50 square kilometers, holding exclusive rights for exploration, mining, processing, and sales [1] Group 2 - Once the five production lines of the titanium project are fully operational, it is expected to produce approximately 480,000 tons of heavy mineral sand annually, with Metal Mining entitled to about 80% of this output, equating to around 384,000 tons [2] - The estimated unit cost for the heavy mineral sand from the project is approximately $200 per ton [2] - The project is currently under construction and is anticipated to commence production by September 2026 [2]
港股异动 力量发展(01277)涨超3% 附属与Minenet就位于塞拉利昂罗蒂丰克的金红石项目订立合作协议