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SHE:002738

7 stories mentioning SHE:002738Updated 9d ago

Every FINWIRES story that references SHE:002738, newest first.

Asia

Sinomine Resource Offloads African Inkalmo Mining for $20 Million

Sinomine Resource (SHE:002738), through its subsidiaries, agreed to sell African Inkalamo Mining for $19.5 million, according to a Tuesday disclosure on the Shenzhen bourse.The subsidiaries, Sinomine Hong Kong Rare Earth Resources and Sinomine International (Zambia) Engineering will offload 99% and 1%, respectively, of their stake in the Zambia-based company to Sino Great Chemical and individual investor Huang Yaochi.African Inkalamo owns a large-scale mining area with 2.78 million tons of rare earth oxides and 21.82 million tons of associated apatite phosphate ore resources. The license is valid until Dec. 23, 2049.The lithium-ion battery raw materials manufacturer's shares rose 2% at the close.

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Asia

Sinomine Resource Forecasts Up to Fourteenfold Jump in H1 Profit

Sinomine Resource (SHE:002738) expects its attributable profit to grow fourteenfold in the first half of 2026 to up to 1.25 billion yuan from 89.1 million yuan a year earlier.Net profit is forecast to grow by about 1,078% to 1,302% from a year prior, according to a Shenzhen bourse filing on Saturday.Basic earnings per share is predicted to range between 1.46 yuan and 1.73 yuan, up from 0.12 yuan a year prior.The manufacturer of lithium-ion battery raw materials attributed the anticipated jump to the development of the downstream energy storage and power battery industries.

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Asia

Sinomine Resource to Shut Down Lithium Salt Operations for Maintenance

Sinomine Resource (SHE:002738) will temporarily stop lithium salt operations at its Sinomine (Jiangxi) Lithium subsidiary for maintenance due to a shortage of lithium concentrate at the facility, according to a Wednesday filing with the Shenzhen bourse.The mine experienced a temporary mismatch between the shipping schedules for its self-produced lithium concentrate and its lithium salt plant's production schedule.The 30,000-ton/year lithium salt line at Jiangxi Zhongkuang Lithium Industry stopped operations effective Tuesday, while the 35,000-ton/year lithium salt facility will shut down temporarily starting July 11 with a partial low-load capacity.Operations will resume by the end of July.

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Asia

Sinomine Resource to Receive 300 Million Yuan in Guarantees from Subsidiary for Credit Facility; Shares Down 7%

Sinomine Resource Group's (SHE:002738) subsidiary, China Mining Resources (Jiangxi) New Materials, agreed to provide guarantees of up to 300 million yuan to the company for a credit facility of the same amount, according to a Shenzhen bourse filing on Saturday.The Chinese mining company's shares dipped 7% during Monday's afternoon trade.The company will apply the credit at China Minsheng Banking (SHA:600016, HKG:1988).The guarantee is valid for three years from the date the debt repayment obligation becomes due.

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Asia

Sinomine Resource to Raise 5.2 Billion Yuan From Share Placement

Sinomine Resource Group (SHE:002738) plans to raise up to 5.2 billion yuan through a private share placement to fund projects in Africa, according to a Wednesday disclosure on the Shenzhen bourse.From the proceeds, the Chinese mining company will allot 1.60 billion yuan for a lithium sulfate mine in Zimbabwe that will produce 100,000 tons per year, while 1.70 billion yuan will be set aside for Zambia's Kitumba copper mine.The total investment for the Kitumba mine was revised upwards to $610.2 million from $562.9 million due to increased pre-production stripping costs.Meanwhile, 450 million yuan from the proceeds will be used for a cesium and rubidium mine in China's Jiangxi Province, which will produce 2,000 tons per year.The company's shares fell by less than 2% during the midday trade.

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Asia

Sinomine Resource's Q1 Profit Soars 277% as Revenue Slumps 10%

Sinomine Resource Group (SHE:002738) posted a 277% jump in attributable net profit in the first quarter of 2026 to 507.7 million yuan from 134.8 million yuan.Earnings per share nearly quadrupled to 0.7037 yuan from 0.1868 yuan, according to a Shenzhen Stock Exchange filing on Thursday.Revenue at the miner slumped 10% to 1.38 billion yuan from 1.54 billion yuan.

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Asia

Market Chatter: Zimbabwe Grants Lithium Export Quotas to Chengxin Lithium, Sinomine Resource

Zimbabwe has awarded lithium concentrate export quotas to two Chinese mining firms, Chengxin Lithium (SHE:002240) and Sinomine Resource (SHE:002738), just two months after suspending all raw mineral exports, Reuters reported Monday.The move follows February's ban over alleged malpractices and leakages, according to the report. Under new rules, exporters must also process more material locally.Chengxin Lithium received a quota matching its 290,000-ton annual capacity, while Sinomine Resource's 200,000-ton allowance equals about its monthly output.Shares of Chengxin Lithium closed 8% higher Tuesday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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