Sichuan Anning Iron and Titanium (SHE:002978) will apply for a credit line of up to 10 billion yuan from Bank of China (HKG:3988, SHA:601988), according to a Shenzhen Stock Exchange filing on Wednesday.
The five-year credit line will be used to develop and operate the mineral products distributor's mineral resource projects, the filing said.
Anning Iron and Titanium's shares jumped 10% in recent trade.
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