Core Viewpoint - The announcement by China Baoli Technology (00164) regarding a strategic cooperation agreement with Zuo Ying Global Mining Limited for the mining production in Mongolia marks a significant milestone for the company, showcasing the commercial application of its proprietary dry grinding and selection technology [1] Group 1: Strategic Importance - The cooperation agreement is deemed a strategic and transformative initiative in the company's development process, representing the first large-scale commercial application of its dry grinding and selection technology [1] - This milestone is particularly significant as the technology operates without water, making it uniquely suitable for arid mining regions like Mongolia, addressing the challenges of water scarcity in mining operations [1] Group 2: Market Demand and Future Prospects - The global steel industry is experiencing an increasing demand for high-grade iron concentrate to enhance production efficiency and meet emission reduction targets, which aligns with the capabilities of the company's dry grinding and selection technology [1] - The partnership is expected to positively contribute to the company's future profitability and expand its technological footprint to other mining projects, especially in water-scarce areas [1] - This cooperation not only represents a revenue-generating business but also serves as a foundational step for the global commercialization of the company's core technology [1]
中国宝力科技与桌盈环球订立合作协议