Shanghai, China-based Dingli Technology Development (Group) Co. has announced the acquisition of a 51 percent stake in Guangxi Province-based Gongcheng Xinbao Mining Mining Co., Ltd, a subsidiary of Gongcheng Xinsheng, for a total price of RMB 178 million ($27.4 million).
Xinbao Mining owns mineral exploration rights in Guangxi Province, with total ore reserves of 6.92 million mt, including lead, zinc, copper and molybdenum.