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SHE:002738

4 stories mentioning SHE:002738

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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.

HKG:1988SHA:600016SHE:002738
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.

SHE:002738
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.

SHE:002738
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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