Zijin Mining (02899) plans to provide a shareholder loan of RMB 66.64 million to Songpan Zijin.

Zhitong Finance APP News, Zijin Mining (02899) announced that, in order to advance the construction of the "Dongbeizhai Gold Mine 900,000 tpa mining, processing and tailings project," Songpan Zijin intends to apply for shareholder loans totaling 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 shareholder loans 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%.