It is reported that Jingyuan Dadi Investment Management a subsidiary of Jinguyuan Holding plans to invest CNY 5 million to establish a mining subsidiary in Chenzhou, Hunan province.

The subsidiary will specialize in mine exploration and in the processing and sale of mining products.

According to the filing, Chenzhou has abundant ore resources in more than 40 categories of non-ferrous metals. It has total non-ferrous metal reserves of over six million tons accounting for two-thirds of Hunan total reserves.

Chenzhou has the largest reserves of bismuth, molybdenum and microcrystalline graphite in China. In addition, it has the third largest reserves of tungsten and the fourth largest reserves of lead and zinc in China.

(Sourced from Shanghai Securities News)