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Naipu Mining Machinery Enters Three-Year Partnership With Zijin Mining; Shares Jump 6%

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Naipu Mining Machinery (SHE:300818) signed a three-year strategic cooperation agreement with Zijin Mining Group (SHA:601899, HKG:2899), effective May 14.

Under the deal, the company will supply slurry pumps and wear-resistant parts, with priority order fulfillment during capacity constraints, according to a Monday filing with the Shenzhen bourse.

The agreement includes full lifecycle equipment management, joint research and development for extended equipment life, overseas project collaboration and consignment inventory models.

Shares of the mining equipment and spare parts distributor rose 6% in recent trade.

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