Baowu Magnesium Industry issued an announcement at noon on November 3: On September 28, 2023, the mining rights of the dolomite mine in Dapu Village, Dongye Town, Wutai County, Xinzhou City, Shanxi Province were listed on the website of the Xinzhou Municipal Planning and Natural Resources Bureau. For sale by listing. The dolomite mine transferred this time is located in Dapu Village, Dongye Town, Wutai County, Shanxi Province. Its resource reserves are 345.17 million tons of dolomite for magnesium smelting, 122.45 million tons of refractory dolomite, and 111.33 million tons of dolomite for construction.
On November 3, 2023, the company’s subsidiary Wutai Yunhai successfully bid for 1,167.93 million yuan. This mining rights auction has been reviewed and approved by the board of directors. According to the company's articles of association, this auction does not need to be reviewed and approved by the company's shareholders' meeting.
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