Daoshi Technology (300409.SZ) plans to invest no more than 165 million US dollars to build a 30kt annual production capacity wet copper smelting plant project.

The Zhitong Finance and Economics APP reports that Dowstone Technology (300409.SZ) has announced plans to further promote the company's industrial layout in the Democratic Republic of Congo (hereinafter referred to as "Congo (Kinshasa)"), enhance the company's competitiveness in the copper and cobalt resource fields, and deepen the company's strategic planning in the strategic resource sector. The company intends to establish a project operation company, Dowstone Copper Mining (tentative name), in Congo (Kinshasa) through its subsidiary, Hong Kong Jiana Limited (hereinafter referred to as "Hong Kong Jiana"), to invest in and construct a project for the production of 30,000 tons of cathode copper in a wet process smelter. The project is expected to be financed using its own funds or self-raised funds, with a total investment not exceeding 165 million US dollars (equivalent to approximately 1.183 billion RMB, subject to the actual investment amount).