智通财经网·2026-01-15 10:42Core Viewpoint - Zijin Mining (02899) has signed a project cooperation and equity transfer agreement with Jinchuan Group Co., Ltd. to develop and process the Shapingou Molybdenum Mine in Anhui Province, enhancing resource utilization and economic benefits [1][2] Group 1: Agreement Details - The cooperation agreement was signed on January 15, 2026, following a letter of intent signed on August 29, 2025 [1] - Jinchuan Group will collaborate with Anhui Jinsan Molybdenum Co., Ltd. to establish a smelting company in the county where the Shapingou Molybdenum Mine is located, with a capital structure aligned with the mine's development scale [1][2] - Jinchuan Group and Jinsan Molybdenum will hold 51% and 49% of the smelting company's shares, respectively, with Jinchuan Group leading the construction and operation [1] Group 2: Equity Transfer - Zijin Mining will transfer 24% of its stake in Jinsan Molybdenum to Jinchuan Group for a consideration of RMB 173,087 million [2] - Post-transfer, Zijin Mining will hold 60%, Jinchuan Group 34%, and Jinchuan County Urban Development Investment Co., Ltd. 6% of Jinsan Molybdenum [2] Group 3: Resource and Economic Impact - The Shapingou Molybdenum Mine is a rare, large undeveloped porphyry-type molybdenum mine with significant resource reserves and high-grade ore [2] - The collaboration aims to create a complementary advantage with Zijin Mining leading the mining development and Jinchuan Group focusing on smelting and processing, promoting efficient resource development and local economic growth [2]