Baotailong New Materials (601011.SH): Baotailong New Materials resumes operation at three mines.
Baotaile (601011.SH) announcement, on September 18, 2024, the company received a notice from Qitaihe City, Heilongjiang Province...
Baotailong New Materials (601011.SH) announced that on September 18, 2024, the company received a notice from the People's Government of Xinxing District, Qitaihe City, Heilongjiang Province, entitled "Notice on Allowing Baotailong New Materials Co., Ltd. to Resume Operation of Mining No. 3" (Xinzhengfa [2024] No.15), approving the resumption of operation of Baotailong New Materials Co., Ltd. Mining No. 3 (referred to as "Baotailong New Materials Mine 3").
Baotailong New Materials Mine 3 has a designed production capacity of 300,000 tons per year. After completion and operation, it will increase the company's self-supply capacity of raw coal, reduce the company's raw material costs, further enhance the company's production capacity, improve the company's future profitability, and bring positive impacts to the company's sustainable development and business performance.
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