Financing Project of A Private Lead-zinc Mine-exploring Company Well-known in China
| Project Number | 501GQ09005 |
| Project Name | Financing Project of A Private Lead-zinc Mine-exploring Company Well-known in China |
| Transfer Proportion(%) | 10%-80% |
| Price | 200(M RMB) |
| Publication Period | 2010-02-08 - 2011-02-08 |
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| Profile | The financing company was founded in 2003 with a register capital of 300 million yuan. Its business scope covers nonferrous metal mine exploring, processing, manufacturing and sales. The principal products include fine zinc powder, zinc ingots, vanadium-molybdenum ores, V2O5, etc. The company owns several big and medium sized mines in China. At present its aggregate of proven reserves of zinc has exceeded 900 thousand metal ton, with the prospect reserves even over 1.4 million metal ton. V2O5 in zinc has been discovered proven reserves of 100 thousand tons in total, with its prospective reserves up to 500 thousand tons. The mines have occupied an area of 17.1 square kilometers, and those mining enterprises have all got business license and administrative permissions on environmental protection, land, forest and water & soil. The financing company has the country’s leading and also globally advanced proprietary technology, which could meet the national requirements of energy saving and emission reduction, environmental protection and safety in production. It has lower production cost and higher integrated metal recovery rate than the industry’s average. By the end of 2008, the financing company has obtained total assets of more than two billion yuan, net assets up to one billion yuan, and net profit of 102 million yuan (the data on the financing party’s final audit report shall prevail). It is in good operation now, dedicating to becoming a public company with stable profitability. Since the second half of 2008, the financing company has made a strategic plan to achieve leaping development by merging mining enterprises and reforming traditional companies with new and advanced metallurgical technology. At present it intends to purchase several mining and metallurgical enterprises, trying to become the country’s top 10 zinc enterprise, with its zinc proven reserves reaching 1.2 million metal ton, prospective reserves exceeding two million tons and annual production and sales volumes of the metal exceeding 150 thousand metal ton during the period of the twelfth five-year plan. To achieve the strategic goal, the financing company intends to invite particular investment institutions to finance its exploration in mine resources, M&A, reform the metallurgical production lines with high technologies and enlarge their production capacities, turning the company’s potential mine resources into substantial wealth. The investment is expected to attain palpable effect in production in 2010, when the financing party will become a high-tech metallurgical enterprise with strong profitability, high margin profit and sufficient cash flow. Financing Mode: debt financing or investors increase their investment Financing Percentage: From 10% to 80% Amount Financed: 200 million yuan above |
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| From | CBEX |