Guo Guangchang made a move! Plan to invest and hold African lithium mine project

After continuously selling assets in 2022, Guo Guangchang’s Fosun system seems to be ushering in a turning point in 2023. After Fosun High-Tech received a syndicated loan of 12 billion yuan on January 16, Hainan Mining, a subsidiary of Fosun, plans to spend another US$112.09 million (about 760 million yuan) to control the lithium mine project company in Mali, West Africa; the lithium mine project The total ore resources are 21.31 million tons, and the average grade of lithium oxide is 1.11%. | Related reading (China Fund News)

less than the donor

This title startled me. I thought it was some kind of earth-shattering project, but upon closer inspection, it was only a project with an investment of 100 million US dollars. Fuxing Group with more than 700 billion yuan is not a big deal. You must know that although Fosun has been selling and selling these years, there are also buyers. For example, in 2020, Yuyuan, a subsidiary of Fosun, won 70% of the shares of Shede Group for 4.53 billion yuan, which is considered a big deal.

Such a promising field as lithium mine can be said to have become the object of pursuit by many domestic enterprises in recent years. The year before last, Ningde Times and Ganfeng Lithium Industry, the “King of Ning”, competed for Canadian lithium mines. Hainan Mining also bought land in Danzhou City, Hainan at the end of last year. Its 20,000-ton battery-grade lithium hydroxide project will be settled here. The total investment of this project is as high as 1 billion yuan. If there are upstream lithium resources in the future, it can also ensure The supply of raw materials for the project.

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