Hainan Mining has unveiled its intention to invest 300 million yuan in cash to augment the capital of Luoyang Fengrui Fluorine Industry Co., Ltd., thereby acquiring a 15.7895% equity stake in the company. Fengrui Fluorine Industry specializes in the extraction and processing of fluorite ore, as well as the production of anhydrous hydrogen fluoride, and holds a portfolio of fluorite mining rights. This strategic investment will enable Hainan Mining to significantly expand its footprint within the mineral resources sector.
