Jinchuan International (02362) rose more than 9% in early trading. As of press release, it was up 9.52% to HK$0.92, with a turnover of HK$17.5014 million.
The Zhitong Finance App learned that Jinchuan International (02362) rose more than 9% in early trading. As of press release, it had risen 9.52% to HK$0.92, with a turnover of HK$17.5014 million.
According to the news, Jinchuan International announced that Ruashi SAS, a non-wholly-owned subsidiary, is in the process of applying for the renewal of the Musonoi project (copper-cobalt mine under development) mining license. In order to implement the renewal procedure, Ruashi Holdings held a share equivalent to 5% of Ruashi SAS and transferred it free of charge to the government of the Democratic Republic of the Congo (DRC). It is expected to be implemented on or before June 30. At that time, the Group's shares in Ruashi SAS were reduced from 75% to 70%. According to the latest news, the Minister of Mining of the Democratic Republic of the Congo (DRC) has signed an administrative decree determining that the renewed mining license will be valid for 15 years, until April 3, 2039.