Hainan Mining plans to acquire an African lithium mine for more than $100 million

On the evening of January 19, Hainan Mining(SSE: 601969), a subsidiary of Fosun, announced that to accelerate the industrial layout of the three main tracks of "iron ore + oil and gas + new energy" and realize the industrial synergy between upstream resources of the new energy industry and lithium salt processing, Fosun wholly-owned subsidiary, Xinmao Investment, intends to sign an additional issuance agreement and a capital increase agreement with Kodal Minerals PLC (hereinafter referred to as "KOD") and its wholly-owned subsidiary Kodal Mining UK (hereinafter referred to as "KMUK").

Episode metadata supplied by the publisher feed · Published Feb 12, 2023

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Hainan Mining plans to acquire an African lithium mine for more than $100 million

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