Company:Chengdu Cobalt Mining Co., Ltd
Email: sales@hot-mining.com
Phone:+86 28 83311885
Fax:+86 10 58646590
Address:Room10811, Floor8, Building A, Galaxy SOHO, Dongcheng Dist, Beijing, P.R.China
HOT and 9X Minerals Reached a Strategic Investment Agreement and Will Participate in Scarce Resources
Recently, HOT and 9X Minerals have reached
a strategic investment agreement that HOT will invest and hold shares in 9X
Minerals. According to the agreement, HOT's investment will be divided into two
phases. In the first phase, HOT will invest with its own capital and hold a 16% stake in 9X Minerals; in the second phase, after certain conditions are met,
HOT will complete the delivery of the remaining 15% equity investment. After
the two investments are completed, HOT will eventually hold 31% stake in 9X
Minerals.
HOT's participation in 9X Minerals is one of the company's strategic goals, and it is also significant for 9X Minerals. X- Minerals owns a rare non-metallic mineral asset in Guizhou province, which has recently been approved by the formal environmental assessment and is in the preparation stage of project development. HOT's investment in 9X Minerals represents HOT's commitment to help 9X Minerals project development.
HOT
inspects 9X Mineral's project
Started from the washing and processing
technology service, after years of development, HOT has established a value
chain of “Mine Evaluation- Mining Service- Process Engineering- Exclusive Sale
of Mineral Products”, which can provide a one-stop service for mining
enterprises. HOT has an international team of engineers, experienced
technicians and practical experience in project testing, and can do a good job
in technical service.
Through the technical support of HOT, 9X
Minerals can not only reduce detours, but also quickly and efficiently carry
out its project construction, mining operations and improve economic
efficiency. Besides, it can also reduce the pressure on high-end talents and
optimize the efficiency of human resources. The value chain that connected the
upstream and downstream of the industry formed by HOT can help 9X Minerals to
obtain good channels of capitals, procurement and sales, which would help the
company to grow and develop.
The strategic investment between HOT and 9X
Minerals is a very good business model. Through the way of holding shares, not
only part of the capital demand can be solved, but also promotes the trust
between the two sides, which makes the technical service supplier and the owner
reach a unified purpose, reducing the obstacles in the process of technical
service communication, and makes the project is constructed and implemented more
smoothly.
HOT's participation in 9X Minerals is a key
step for the company to move from Party B's role to Party A's role, and is an
important step for the company to complete its strategic layout. Since then,
the company has obtained a value chain of “Mine Evaluation- Mining Service-
Process Engineering- Exclusive Sale of Mineral Products”. With technical
support as the core leader, each part promotes mutually, the channel, personnel
and information is shared, which promoted the company’s long-term and overall
development.
