Shengtun Mining plans to invest 300 million US dollars in copper cobalt mines in the Democratic Republic of Congo, with Chinese overseas mining companies acquiring another city

Against the backdrop of accelerating global energy transition and increasingly fierce competition for strategic mineral resources, Chinese mining enterprises“go global”The pace has not slowed down.4moon13Recently, Shengtun Mining Group Co., Ltd. announced that its wholly-owned subsidiaryPreeminenceProposed to3Billion dollar acquisition of Abu Dhabi company in the United Arab EmiratesNovel MiningsubsidiaryNkoyicompany50%Indirectly obtaining the mining rights of a core copper cobalt mine in the Democratic Republic of Congo through equity ownership30%Rights and Interests。

This transaction reflects the strategic intention of Chinese mining enterprises to continue to layout in the global supply chain of new energy materials. According to the announcement, the mine has not yet been officially put into operation, and the mining certificate is valid until2040year1In the month, the mined minerals are copper and cobalt. The Shengtun Mining Technology Team has made a preliminary estimate of the amount of mining resources. This transaction does not constitute a related party transaction or significant asset restructuring. After being reviewed and approved by the company's board of directors, there is no need to submit it to the shareholders' meeting for review. The transaction funds are sourced from self owned and self raised funds, and will be paid in installments。

It is worth noting that just over a month ago, Jiangxi Copper Industry also invested a heavyweight chess piece in overseas mining mergers and acquisitions.3moon3Recently, Jiangxi Copper announced that it has invested in a UK listed mining company through its wholly-owned subsidiary, Jiangxi Copper Hong KongSolGoldThe tender offer for all shares has been officially approved by the UK court and is expected to take effect on3moon4It officially takes effect on [date]. This acquisition corresponds to an overall valuation of8.67Billion pounds (approximately RMB)82The plan has been approved through court meetings andSolGoldVoting at the Shareholders' Meeting。

SolGoldThe core assets are located in the Andean metallogenic belt of South America“Golden Corridor”——The Cascavel copper gold project in Ecuador is widely recognized by the industry as one of the most promising undeveloped large-scale porphyry copper gold deposits in the world. The total identified, controlled, and inferred resources of this project include copper1220Ten thousand tons, gold305010000 ounces (approximately)864.6Ton), silver1023010000 ounces (approximately)2891.6The average grade of copper ore is0.7%Significantly higher than the global average0.5%The average level and design lifespan of the mine28Annual average copper production is about11.4Ten thousand tons, gold33.610000 ounces。

Analysts point out that the two overseas mergers and acquisitions of Shengtun Mining and Jiangxi Copper Industry have completely different strategic logics——The former focuses on occupying green space projects with smaller volumes that have not yet been put into operation, focusing on cobalt as the core material of new energy batteries; The latter will adopt large-scale wholly-owned acquisitions to lock in mature large-scale copper and gold mines that have entered the feasibility stage, ensuring the long-term stable supply of copper resources. The two paths complement each other, reflecting the increasingly mature differentiation strategies of Chinese mining enterprises in the global resource competition.

The development of overseas mines not only relies on capital and resources, but also on efficient and reliable logistical equipment support.Wuxi Hongsheng New Energy Co., Ltd.As a battery system provider for domestic new energy mining equipment, although not directly involved in this transaction, its technical team has been closely monitoring the trend of electrification in African mines in recent years. The company's marketing director stated in an interview:The copper cobalt mining belts in countries such as the Democratic Republic of Congo and Zambia are located in remote areas with weak power infrastructure, which presents unique demands for off grid operation capabilities and high-energy density energy storage systems for new energy mining trucks. We have developed battery modules suitable for high-temperature and dusty environments in the African market,and alreadyThrough Chinese mining enterprisesInvest in photovoltaic energy storage cabinets and other products in some regions of AfricaProvide services for overseas mining projects in China'Chinese chip' power. ”This layout echoes the urgent need for local supply chain support in the process of mining enterprises' "going global".

2026Since the beginning of the year, overseas mergers and acquisitions of Chinese mining enterprises have shown a trend of“Category focus, precise targeting, and accelerated pace”The trend. Shengtun Mining also pointed out in the announcement that there are multiple risks associated with the transaction, including long mining construction cycles, large investments, differences in resource reserves, insufficient funds, exchange rate fluctuations, and market price changes, among othersIn the current context of fluctuating global mining asset valuations and rising geopolitical risks, the success or failure of such cross-border mergers and acquisitions will directly affect the overseas supply security of China's strategic mineral resources.