China Color Co., Ltd. (000758.SZ) subsidiary plans to invest 1,741 million yuan to build 1.65 million tons/year lead/zinc ore extraction and expansion project for Zhongye white ore

According to the Zhitong Finance App, Zhongze Co., Ltd. (000758.SZ) announced that the company's holding subsidiary Chifeng Zhongze Baiyin Noor Mining Co., Ltd. (hereinafter referred to as “Zhongye White Mine”) plans to invest 1,741 million yuan to build a 1.65 million tons/year lead/zinc ore mining and expansion project for Zhongye White Ore according to development needs.

The production scale of the Zhongke white ore mining license was expanded from 990,000 tons/year to 1.65 million tons/year. All production systems and transportation systems need to be connected and optimized simultaneously according to changes in the scope of mining rights and production scale, and the level of automation and production equipment need to be further upgraded.