Zijin Mining Group (02899) plans to provide a shareholder loan of RMB 66.64 million to Songpan Zijin.
Zijin Mining Group (02899) announced that, in order to advance the construction of the "Dongbeizhai Gold Mine 900,000 tonnes/year mining, processing and tailings project," Songpan Zijin plans to apply for a total shareholder loan of RMB 280 million to address the project development funding gap and accelerate the conversion of resource advantages into economic benefits. The Company plans to provide a shareholder loan of RMB 66.64 million to Songpan Zijin in proportion to its shareholding, with a term of 10 years and an annualized interest rate of 5%.
Zijin Mining Group (02899) announced that, in order to advance the construction of the "Dongbeizhai Gold Mine 900,000 tonnes/year mining, processing and tailings project," Songpan Zijin intends to apply for a total shareholder loan of RMB 280 million to address the project development funding gap and accelerate the conversion of resource advantages into economic benefits. The Company intends to provide a shareholder loan of RMB 66.64 million to Songpan Zijin in proportion to its shareholding, with a term of 10 years and an annualized interest rate of 5%.
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