1.21 billion!CNBM took 460 million tons of sand

Byzengjiaming12

Updated Wed, 17 Jul 2019 16:19:12 GMT

  On July 5, Jiujiang Natural Resources Bureau issued the Result of Selling Mining Right of Building Stone in Deng Jiashan Mining Area of Ruichang City by Hanging Out Shingle Online. CNBM New Energy Resources Co., Ltd, the subsidiary of CNBM, shelled out 1.21 billion yuan for the mining right.

  It is reported that the mining scale of limestone for building stone is 30 million tons per year, reserves reached 462.28 million tons, the age of mining is 18.16 years (including construction period), and the final transaction price is 1.21 billion yuan, besides, there’s 0.18 billion yuan of preliminary transfer cost should be undertaken by CNBM New Energy Resources Co., Ltd.

  The industry evaluated that the acquisition of the mining right signified that CNBM’s sand business will no longer completely dependent on cement industry, but become an operation sector which owns independent mine and important business content of CNBM, meanwhile, it will inject vigor into transformation and upgrading of sand industry in our country

  Besides, practitioners from CNBM’s concrete sector said that South Cement and CUCC, two major shareholders of CNBM New Energy Resources Co., Ltd, the shortage of sand and aggregate for their concrete business in areas along the Yangtze River will be alleviated after the operation of the mine. So that it can further enhance the enterprises’ market competitiveness

  CNBM has continuously developed layout of sand and aggregate business to cope with the challenge of rising prices of sand and other resources and promoted upgrading of business structure since 2018. In the annual report of 2018, CNBM showed the sales volume of aggregate reached 35.28 million tons in 2018, up 14.7 percent year-on-year. CNBM will devote to enhancing transformation and upgrading, accelerating progress of high-quality development, developing Cement Plus model, expanding the construction of aggregate project and optimizing the layout of cement and commercial concrete business.

  Board Chairman and Secretary of Party Committee of CNBM, Song Zhiping said that the next growth pole of CNBM is in aggregate industry. CNBM should improve scale and efficiency of aggregate business rapidly. To create business model of Cement Plus and develop aggregate business. To build cement industry chain for developing new advantages and improving enterprises’ profitability.