After possessing the phosphate resources, Western Mining has invested in the phosphor chemical industry related to it. As Western Mining has always been the leading producer of non-ferrous metals such as lead, zinc and copper, this time it opened up the “Phosphorus Chemical Battlefieldâ€. How big is the company's influence?
Western Mining announced yesterday that the company’s wholly-owned subsidiary, Qinghai Western Mining Technology Co., Ltd., plans to increase the capital of Greenland Chemical with the other two shareholders of Yichang GreenLing Chemical Co., Ltd., which is holding 80%, to implement a construction of 200,000 tons/year. In 2007, the total planned investment for the monoammonium phosphate and supporting construction projects was 487.2507 million yuan.
"The capital increase is to open up the company's upstream and downstream phosphate rock resources development, forming a complete industrial chain, indicating that in addition to the main business, the company has also expanded in the non-metallic field." Related parties said.
According to statistics, before the capital increase, the total registered capital of Green Ling Chemical was 50 million yuan. The capital increase amounted to 150 million yuan, of which West Mine Technology subscribed for the same amount of new registered capital with its own funds of 120 million yuan. After the capital increase, Greenland Chemical has a registered capital of 200 million yuan.
At present, Green Ling Chemical has a 900,000-ton/year phosphate ore beneficiation system. On this basis, it will build a 200,000-ton-per-year monoammonium phosphate rock and a supporting 300,000-ton/sulfur acid, 150,000 tons/year. Potassium sulphate compound fertilizer downstream supporting project, thus forming a comprehensive industrial chain of low-grade phosphate rock comprehensive utilization.
According to the “Feasibility Study Report,†the project’s infrastructure construction period is 12 months. After the project reaches the normal production capacity, it can produce 200,000 tons of monoammonium phosphate, 150,000 tons of potassium sulfate compound fertilizer, 300,000 tons of sulfuric acid and 120,000 tons of wet method. Phosphoric acid (for self-use), measured at a price of 4600 yuan per ton of monoammonium phosphate and 3,400 yuan per ton of sulfur-based compound fertilizer, is expected to realize an annual sales income of 1.475 billion yuan and a net profit of 75.02 million yuan.
However, as Green Ling Chemicals is mainly in the project infrastructure stage, it has no material impact on the current profit and loss of West Mining Technology and listed companies. An industry researcher who has long paid attention to the western mining industry told reporters that it may be that specific gains may occur between 2009 and 2010. Moreover, although the estimated sales revenue can reach nearly 1.5 billion yuan, the net profit of 75.02 million yuan is not too large, and the impact on the company itself is limited. Therefore, the source believes that the increase in investment in Green Ling Chemicals may have a great correlation with the progress of the development of phosphate resources already acquired in Yichang.
It is worth noting that Western Mining actually acquired the equity of Green Ling Chemical in this year. In July this year, West Mine Technology invested 76.8 million yuan to acquire and control Green Ling Chemical, with a share of 80%. The replenishment is very close. Just last October, West Mine Technology acquired 60% equity in Yichang Chengxin Industry & Trade Co., Ltd., and Integrity Industry and Trade is a prospector of the 2.38 square kilometer survey of the Sunjiadun section of the Yichang Phosphorous Mine. Within 1.3 square kilometers of the census scope, it has been ascertained that the reserve of phosphate mineral resources is 38,313,900 tons. At the same time, in order to effectively develop this phosphate rock resource, West Mine Technology plans to implement a joint investment to build a 1 million tons/year phosphate rock mining project.
However, according to a survey conducted by GF Securities on March 5 this year, there is still no complete timetable for the first 1 million tons/year phosphorus mining project in the Yichang Phosphate Project.
However, the company’s announcement yesterday revealed that there was another plan to select GreenLand for capital increase, which was to win favorable conditions for the development of the former Sunjiadun phosphate rock.
“Because Yuanchang County of Yichang City, where Greentown Chemical is located, is one of the main distribution areas of phosphate rock resources in Yichang, the local government has corresponding preferential policies and measures for project construction. The increase may be to obtain more cooperation with the government. Opportunities create favorable conditions for the development of previously obtained phosphate rock,†said the analyst.
The company's position also echoes this point, the company said that the investment is in line with the Hubei Province's "new mining companies must be mining and smelting integration, superior enterprises for upstream and downstream industry chain integration," the phosphate mineral industry policy, which can be Western Mineral Science and Technology controlled Sunjiadun Phosphorous Mine "exploration and mining" work to create conditions.
Western Mining announced yesterday that the company’s wholly-owned subsidiary, Qinghai Western Mining Technology Co., Ltd., plans to increase the capital of Greenland Chemical with the other two shareholders of Yichang GreenLing Chemical Co., Ltd., which is holding 80%, to implement a construction of 200,000 tons/year. In 2007, the total planned investment for the monoammonium phosphate and supporting construction projects was 487.2507 million yuan.
"The capital increase is to open up the company's upstream and downstream phosphate rock resources development, forming a complete industrial chain, indicating that in addition to the main business, the company has also expanded in the non-metallic field." Related parties said.
According to statistics, before the capital increase, the total registered capital of Green Ling Chemical was 50 million yuan. The capital increase amounted to 150 million yuan, of which West Mine Technology subscribed for the same amount of new registered capital with its own funds of 120 million yuan. After the capital increase, Greenland Chemical has a registered capital of 200 million yuan.
At present, Green Ling Chemical has a 900,000-ton/year phosphate ore beneficiation system. On this basis, it will build a 200,000-ton-per-year monoammonium phosphate rock and a supporting 300,000-ton/sulfur acid, 150,000 tons/year. Potassium sulphate compound fertilizer downstream supporting project, thus forming a comprehensive industrial chain of low-grade phosphate rock comprehensive utilization.
According to the “Feasibility Study Report,†the project’s infrastructure construction period is 12 months. After the project reaches the normal production capacity, it can produce 200,000 tons of monoammonium phosphate, 150,000 tons of potassium sulfate compound fertilizer, 300,000 tons of sulfuric acid and 120,000 tons of wet method. Phosphoric acid (for self-use), measured at a price of 4600 yuan per ton of monoammonium phosphate and 3,400 yuan per ton of sulfur-based compound fertilizer, is expected to realize an annual sales income of 1.475 billion yuan and a net profit of 75.02 million yuan.
However, as Green Ling Chemicals is mainly in the project infrastructure stage, it has no material impact on the current profit and loss of West Mining Technology and listed companies. An industry researcher who has long paid attention to the western mining industry told reporters that it may be that specific gains may occur between 2009 and 2010. Moreover, although the estimated sales revenue can reach nearly 1.5 billion yuan, the net profit of 75.02 million yuan is not too large, and the impact on the company itself is limited. Therefore, the source believes that the increase in investment in Green Ling Chemicals may have a great correlation with the progress of the development of phosphate resources already acquired in Yichang.
It is worth noting that Western Mining actually acquired the equity of Green Ling Chemical in this year. In July this year, West Mine Technology invested 76.8 million yuan to acquire and control Green Ling Chemical, with a share of 80%. The replenishment is very close. Just last October, West Mine Technology acquired 60% equity in Yichang Chengxin Industry & Trade Co., Ltd., and Integrity Industry and Trade is a prospector of the 2.38 square kilometer survey of the Sunjiadun section of the Yichang Phosphorous Mine. Within 1.3 square kilometers of the census scope, it has been ascertained that the reserve of phosphate mineral resources is 38,313,900 tons. At the same time, in order to effectively develop this phosphate rock resource, West Mine Technology plans to implement a joint investment to build a 1 million tons/year phosphate rock mining project.
However, according to a survey conducted by GF Securities on March 5 this year, there is still no complete timetable for the first 1 million tons/year phosphorus mining project in the Yichang Phosphate Project.
However, the company’s announcement yesterday revealed that there was another plan to select GreenLand for capital increase, which was to win favorable conditions for the development of the former Sunjiadun phosphate rock.
“Because Yuanchang County of Yichang City, where Greentown Chemical is located, is one of the main distribution areas of phosphate rock resources in Yichang, the local government has corresponding preferential policies and measures for project construction. The increase may be to obtain more cooperation with the government. Opportunities create favorable conditions for the development of previously obtained phosphate rock,†said the analyst.
The company's position also echoes this point, the company said that the investment is in line with the Hubei Province's "new mining companies must be mining and smelting integration, superior enterprises for upstream and downstream industry chain integration," the phosphate mineral industry policy, which can be Western Mineral Science and Technology controlled Sunjiadun Phosphorous Mine "exploration and mining" work to create conditions.
Ceiling Channel Roll Forming Machine/Ceiling Batten Machine.
In modern society, there are two types ceiling are quite popular: CU wall angel roll forming machines and the other is T gird roll forming machine. According to different customers, there are different type`s requirements. But all those types, We have common size and customized size. All the machine is designed by customer's demand.
Ceiling Channel Roll Forming Machine
Ceiling Channel Roll Forming Machine, Ceiling Panel Rolling Machine, ceiling frmae roll forming machine, Ceiling Board Making Machine,Ceiling Batten Machine
Zhongtuo Roll Forming Machinery Co., ltd , https://www.frameforming.nl