Group 1 - The Indian Minister of Mines announced that the country is exploring critical mineral assets in Australia, Argentina, and Chile [1]

Group 1 - The company has terminated its cooperation with Henan Yumin Mining Co., Ltd. and completed the cancellation of its subsidiary, Longbai Lithium Energy Mining Co., Ltd. [2] - The cancellation does not constitute a related party transaction or a major asset restructuring as defined by the regulations [2] - The cancellation was based on the company's strategic development needs to optimize internal management, integrate resources, reduce management costs, and improve operational efficiency [2] Group 2 - Longbai Lithium Energy Mining Co., Ltd. was established to collaborate on a hard rock lithium mining exploration right in Tanzania [1] - The company held a 40% stake in Longbai Lithium Energy Mining Co., Ltd., but no actual capital contribution was made by Yumin Mining [2] - The cancellation of the subsidiary will not have a significant adverse impact on the company's production and operations [2]

Core Insights - Zijin Mining has won a significant bid for mineral exploration in Saudi Arabia, marking a major breakthrough for Chinese mining companies in the region [1][7] - The Jabal Sayid mineral belt, where the exploration will take place, has a rich history of gold production, exceeding 2 million ounces [3][9] - The Saudi government's Vision 2030 emphasizes the mining sector as a key component for economic diversification away from oil dependency [13][17] Group 1: Zijin Mining's Bid - Zijin Mining, in partnership with Saudi Ajlan Brothers Mining Company, won the bid for the JABAL SAYID – 2 block, covering 1,061 square kilometers, with a commitment of 116 million RMB (approximately 60 million Saudi Riyals) for exploration [1][9] - This marks Zijin Mining's first participation in overseas greenfield exploration project bidding, indicating a strategic move towards international expansion [1][7] Group 2: Saudi Mining Potential - Saudi Arabia's untapped mineral reserves have increased in estimated value from $1.3 trillion in 2016 to $2.5 trillion, a 90% increase [17] - The Saudi government has launched a $182 million incentive program for mineral exploration and plans to issue over 30 mining exploration licenses to international investors this year [17][18] Group 3: International Participation - The Saudi mining sector is attracting global attention, with various international companies investing in projects such as copper facilities and rare earth element processing plants [22][23] - Notable investments include Vedanta's plan to build a copper facility with a total investment of 7.5 billion Riyals and Hastings Technology Metals' phased investment of 5.6 to 7.2 billion Riyals for a rare earth processing plant [23]

Core Viewpoint - The recent exploration project in Mao Wan Li manganese mine in Sichuan has discovered a significant manganese resource of 606.7 million tons, marking a breakthrough in the region's mining potential [1][2]. Group 1: Manganese Resource Discovery - The Mao Wan Li manganese mine exploration project has confirmed an inferred resource of 462.8 million tons within the surveyed area and an additional 143.9 million tons in the adjacent unclaimed area, totaling 606.7 million tons [1]. - The project has successfully identified over 600 million tons of manganese resources within just 1 square kilometer, indicating a medium-sized ore body and resolving a long-standing issue in the research of manganese resources in Northwest Sichuan [1][2]. Group 2: Geological Insights - The exploration has revealed that the Cambrian Qiu Jia He formation exhibits a multi-layered and interactive rhythm of manganese ore distribution, challenging previous assumptions about the small scale of "stone dam" type manganese ore bodies [2].