据路透社2月18日报道，美国已与乌兹别克斯坦签署协议，以确保更稳定地获取后者的关键矿产资源。 随着全球能源转型与科技革命加速推进，关键矿产已从单纯的工业原料跃升为重塑全球产业格局与地缘 政治版图的关键要素之一。在这一领域，各国合作与博弈的触角从非洲加丹加高原的铜钴富矿带延伸至 太平洋海底的多金属结核，从拉美安第斯山脉的"锂三角"延伸至中亚腹地的稀土矿床。《环球时报》从 今天起将推出"关键矿产博弈"系列报道，在"中亚篇"中，我们将为您讲述中亚五国蕴藏着怎样的关键矿 产资源，美国、欧盟、日本等在该地区如何落子布局，这场围绕关键矿产的博弈又将如何撬动国际能源 格局。 "跻身全球前20大战略资源生产国之列" 萨里塔格矿区位于塔吉克斯坦西部的陡峭山谷中。在海拔4000米山峰之下纵横交错的巷道中，矿工们正 奋力开采锑矿。这是一种银灰色的金属，曾经以化妆品成分而为人所知，如今已成为战略性产业的关键 资源，可被用于制造太阳能电池板和加固军用车辆装甲。 "塔吉克斯坦有许多锑矿床。"塔尔科黄金公司副总监朱马佐达对法新社这样说。该公司锑供应量占全球 10%。根据美国地质调查局的数据，2023年塔吉克斯坦锑产量约为2.1万吨，占全球 ...

【环球时报驻哈萨克斯坦特派记者 李强 环球时报特约记者 杨逸】 编者的话： 据路透社2月18日报道，美国已与乌兹别克斯坦签署协议，以确保更 稳定地获取后者的关键矿产资源。随着全球能源转型与科技革命加速推进，关键矿产已从单纯的工业原料跃升为重塑全球产业格局与地缘政治版 图的关键要素之一。在这一领域，各国合作与博弈的触角从非洲加丹加高原的铜钴富矿带延伸至太平洋海底的多金属结核，从拉美安第斯山脉 的"锂三角"延伸至中亚腹地的稀土矿床。《环球时报》从今天起将推出"关键矿产博弈"系列报道，在"中亚篇"中，我们将为您讲述中亚五国蕴藏 着怎样的关键矿产资源，美国、欧盟、日本等在该地区如何落子布局，这场围绕关键矿产的博弈又将如何撬动国际能源格局。 " 跻身全球前 20 大战略资源生产国之列 " 萨里塔格矿区位于塔吉克斯坦西部的陡峭山谷中。在海拔4000米山峰之下纵横交错的巷道中，矿工们正奋力开采锑矿。这是一种银灰色的金属， 曾经以化妆品成分而为人所知，如今已成为战略性产业的关键资源，可被用于制造太阳能电池板和加固军用车辆装甲。 "塔吉克斯坦有许多锑矿床。"塔尔科黄金公司副总监朱马佐达对法新社这样说。该公司锑供应量占全球10% ...

Core Viewpoint - The recent surge in A-share resource stocks, particularly in precious metals, has led to significant price increases for companies like Bijou Group Holdings, which has seen its stock price rise dramatically, indicating strong market interest and potential for further growth [1][2]. Group 1: Market Performance and Valuation - Bijou Group's stock has increased over 140% since last year, outperforming the broader market and attracting attention from investors and analysts alike [2]. - The company has been recognized by Simply Wall St as one of the "Top 10 Undiscovered Small-Cap Stocks Globally," highlighting its solid fundamentals and untapped value [2]. - The current market environment favors small-cap stocks, with the Russell 2000 index leading major indices, making it an opportune time for investors to explore potential in this sector [2]. Group 2: Macro Trends and Commodity Prices - The macroeconomic backdrop for Bijou Group's recent performance includes rising prices for gold, copper, and sulfur, with gold prices surpassing $5,000 per ounce and expected to reach as high as $6,600 per ounce according to various institutions [3][4]. - Bijou Group's mining assets, particularly in Anhui, benefit from a combination of gold, copper, and sulfur, which are all in high demand, contributing to the company's valuation reappraisal [3][4]. - The sulfur market is expected to experience a supply-demand tightness starting in 2025, further supporting the pricing power of Bijou Group's assets [4]. Group 3: Business Model and Growth Drivers - Bijou Group has transitioned from a traditional explosives business to a mining-focused company, leveraging its expertise in blasting and mining operations to enhance its resource development capabilities [8][9]. - The company has established a mining division, which has significantly contributed to its revenue growth, with mining operations now becoming the main profit driver [8][9]. - Upcoming projects, such as the Tibet Tianren copper-molybdenum mine, are expected to further enhance production capacity and profitability, with a design capacity of 6 million tons per year [9]. Group 4: Financial Health and Future Outlook - Bijou Group has maintained positive operating cash flow for ten consecutive years, with a cash balance of approximately 600 million yuan as of September 2025, indicating strong financial health [10][11]. - The company has experienced a profit increase of about 56% over the past year, with significant growth in its mining business expected to continue driving revenue and earnings [11][12]. - The company's valuation, while appearing high at a price-to-earnings ratio of around 22, may be justified by its strong growth prospects and solid asset quality, suggesting potential for revaluation [10][11].

Core Viewpoint - Andy Su has successfully completed a large-scale private placement, raising a total of 3.98 billion shares and 3 billion yuan, with significant interest from institutional investors [1][3][4]. Fundraising Details - The private placement involved issuing 398 million shares at a price of 7.54 yuan per share, raising a total of 3 billion yuan, with a net amount of 2.984 billion yuan after expenses [3][4]. - The top recipient of the shares was Caitong Fund, which received 694 million yuan, becoming the second-largest shareholder with a 2.99% stake [1][6]. Use of Proceeds - The funds raised will be allocated to functional product projects, special product projects, sustainable development projects, and to supplement working capital [2][8]. - Specifically, 1.743 billion yuan (46.3% of total funds) will be invested in a solid methionine project, while 257 million yuan will go towards special product projects [8]. Market Performance - As of December 18, Andy Su's stock price reached 8.93 yuan, resulting in a paper profit of 553 million yuan for the 20 investors within a day [2][7]. Financial Performance - For the first three quarters of 2025, Andy Su reported revenue of 12.931 billion yuan, a year-on-year increase of 13.67%, while net profit decreased by 1.29% to 990 million yuan [10]. - The company has faced challenges such as declining vitamin prices and increased distribution costs due to tariffs, but is implementing strategies to mitigate these impacts [10]. Research and Development - Andy Su is enhancing its R&D efforts, with planned expenditures increasing from 301 million yuan in 2020 to 442 million yuan in 2024, and 282 million yuan spent in the first three quarters of 2025 [11].

Group 1: Investment Overview - The company plans to acquire 60% of Jingshi Mining for a cash consideration of 500 million yuan, making it a controlling subsidiary post-transaction [2][3] - The core asset of Jingshi Mining is the 460 Gaodi Copper-Molybdenum exploration rights, which are expected to be converted into mining rights [7][8] Group 2: Resource Estimates - The estimated resource volume for the I Copper-Molybdenum ore body includes 996 million tons of ore, with copper metal estimated at 1,540,872 tons and molybdenum metal at 460,979 tons [5][6] - The average grades are 0.15% copper, 0.046% molybdenum, and 0.39% equivalent copper [5][6] Group 3: Mining and Exploration Plans - The I Copper-Molybdenum ore body is primarily a concealed deposit with high recovery rates and is classified as an easy-to-select ore [12] - The II and III gold ore bodies are still under exploration, with no detailed resource data available yet [10] Group 4: Financial and Strategic Considerations - The acquisition aligns with the company's strategic planning to enhance its quality mineral resource reserves and market competitiveness [8] - The company has stable cash flow and plans to use its own funds for mining construction, with potential financing from financial institutions [12] Group 5: Governance and Future Plans - After the acquisition, Jingshi Mining will have a board of directors consisting of three members, with two appointed by the company [13] - The company may consider acquiring the remaining 20% stake in Jingshi Mining in the future [13]

Core Viewpoint - The company, Shengda Metal Resources Co., Ltd., has approved the acquisition of a 60% stake in Yichun Jinshi Mining Co., Ltd. for a total cash consideration of 500 million yuan, which will enhance its mineral resource reserves and profitability [1][5][6]. Group 1: Transaction Overview - The company will acquire the 60% stake in Jinshi Mining from three individuals: Dai Hongbo, Song Heping, and Liang Zhengbin, with payments structured as follows: 264.25 million yuan for Dai, 212.75 million yuan for Song, and 23 million yuan for Liang [6][8]. - The acquisition will make Jinshi Mining a subsidiary of the company, and the transaction does not require shareholder approval as it falls under the board's authority [8][10]. - The core asset of Jinshi Mining is the exploration rights for the 460 Gaodi Rock Gold Mine in Heilongjiang Province, which includes a large porphyry copper-molybdenum deposit [7][12]. Group 2: Financial and Valuation Details - The total valuation of Jinshi Mining's equity was assessed at 900.108 million yuan as of October 31, 2025, with the agreed purchase price of 500 million yuan reflecting a negotiated discount [47]. - The financial data from Jinshi Mining indicates that it has no significant liabilities or legal disputes affecting the acquisition [10][22]. Group 3: Strategic Implications - This acquisition aligns with the company's strategic goals to enhance its mineral resource portfolio and improve market competitiveness [48]. - The transaction is expected to positively impact the company's financial performance once the mining operations commence [48].

Core Viewpoint - Tongling Nonferrous Metals Group Co., Ltd. has successfully acquired the exploration rights for the Jiguanshan-Hucun copper, gold, and molybdenum mine for 320.35 million yuan, indicating a strategic move to enhance its resource portfolio [1] Group 1: Acquisition Details - The company won the exploration rights on November 4, 2025, and signed the confirmation of the transaction with the Anhui Provincial Real Estate Registration Center [1] - The total identified copper ore in the mining area is 30.9464 million tons, with a copper metal content of 328,800 tons and an average copper grade of 1.06% [1] - The identified gold ore amounts to 1.4796 million tons, with a gold metal content of 8,640.37 kilograms and an average gold grade of 5.840 g/t [1] - The identified molybdenum ore is 15.9357 million tons, with a molybdenum metal content of 15,000 tons and an average molybdenum grade of 0.094% [1] - The identified sulfur ore is 8.5724 million tons, with a sulfur element content of 1.9467 million tons and an average sulfur grade of 22.71% [1]

Core Viewpoint - Tongling Nonferrous Metals Group announced the acquisition of exploration rights for the Jiguan Mountain-Hucun copper, gold, and molybdenum mine, indicating a strategic move to enhance its resource portfolio and production capabilities [1] Summary by Category Acquisition Details - The company acquired the exploration rights for 320,350 million yuan on November 4, 2025 [1] - A confirmation agreement was signed with the Anhui Provincial Real Estate Registration Center [1] Resource Estimates - Total identified copper ore (inferred) amounts to 30.9464 million tons, with a copper metal content of 328,800 tons and an average copper grade of 1.06% [1] - Total identified gold ore (inferred) is 1.4796 million tons, with a gold metal content of 8,640.37 kilograms and an average gold grade of 5.840 g/t [1] - Total identified molybdenum ore (inferred) is 15.9357 million tons, with a molybdenum metal content of 15,000 tons and an average molybdenum grade of 0.094% [1] - Total identified sulfur ore (inferred) is 8.5724 million tons, with a sulfur element content of 1.9467 million tons and an average sulfur grade of 22.71% [1]

Core Viewpoint - The article highlights the transformation of the Dabaoshan Mine from an environmentally damaged site due to unregulated mining activities to a model of ecological restoration and corporate responsibility, showcasing the commitment of state-owned enterprises to sustainable development and environmental stewardship [1][4][14]. Historical Context - Dabaoshan Mine has been a significant mineral resource base in South China since its establishment in 1958, contributing to the industrialization of the region [2][3]. - Unregulated mining activities, particularly rampant in the 1980s and 1990s, led to severe ecological damage, including soil erosion, acidification, and water pollution [2][3]. Ecological Challenges - At its peak, over 119 illegal mining operations and multiple processing plants severely degraded the geological environment, resulting in significant ecological issues such as soil and water contamination [3]. - The soil pH in the mining area dropped below 3, leading to heavy metal leaching and severe pollution of the nearby Hongshi River, which affected local communities [3]. Corporate Responsibility and Transformation - In response to the ecological crisis, Dabaoshan Mine took proactive measures to assume social responsibility, launching a comprehensive ecological restoration project with significant financial investment [4][11]. - From 2018 to 2021, the company invested approximately 100 million yuan in ecological restoration, covering an area of 90 hectares [4][11]. Innovative Restoration Techniques - The mine developed a novel "in-situ substrate improvement + direct vegetation" technology to address soil acidification and heavy metal pollution, collaborating with research institutions [5][11]. - A state-of-the-art wastewater treatment facility was established, capable of processing 96,000 cubic meters of acidic wastewater daily, achieving a heavy metal removal rate of 99% [5][7]. Successful Restoration Outcomes - The restoration efforts resulted in the successful rehabilitation of approximately 160 hectares of historical mining land, with a vegetation coverage rate exceeding 95% and soil pH levels rising above 6 [9][14]. - The Hongshi River has been transformed from a polluted waterway back to a clear river, enhancing the local ecosystem and community health [9][14]. Green Development and Future Outlook - Dabaoshan Mine is committed to ongoing ecological restoration and green transformation, planning to invest additional funds in environmental protection and technology development [14]. - The company aims to integrate advanced technologies such as AI and big data into its operations, striving to become a leading smart and green mining enterprise in China [14].

Core Viewpoint - The company, Andisu, is progressing with its private placement fundraising project, aiming to raise up to 3 billion yuan for various strategic initiatives, including functional and specialty product projects, sustainable development, and working capital [1][2]. Group 1: Fundraising and Strategic Development - The private placement aims to raise a total of no more than 3 billion yuan, with net proceeds allocated to functional products, specialty products, sustainable development projects, and working capital [2][3]. - The company has categorized its main business products into functional products, which include methionine, vitamins, and ammonium sulfate, and specialty products, which focus on enhancing animal health and feed quality [2][3]. Group 2: Financial Performance and Recovery - After experiencing a significant decline in performance in 2022 and 2023, the company is expected to return to normal operations in 2024, with projected revenues of 15.534 billion yuan and a net profit of 1.204 billion yuan [1][6]. - The company reported a 24% increase in revenue from functional products in 2024, achieving 11.622 billion yuan, while specialty products generated 3.913 billion yuan, reflecting a 4% growth [2][5]. - The company’s net profit for 2024 is projected to increase by 2208.66% compared to the previous year, indicating a strong recovery [6]. Group 3: Market Position and Growth - The company has increased its market share in methionine from 23% in 2012 to 28% in 2023, solidifying its leadership position in the industry [5]. - The company is expanding its global market presence, with double-digit sales growth in Europe, North America, and Asia in 2024 [3]. - The price of methionine has risen by approximately 8.14% since 2025, which is expected to positively impact the company's performance [3].