Nan Nan Resources Enterprise's (HKG:1229) subsidiary Kaiyuan Co. obtained permission from the local government industry and energy competent department to increase its production capacity at the Enlarged Kaiyuan Mine in Changji Prefecture, Xinjiang, China.
Kaiyuan can now mine up to 4 million tons per annum from 900,000 tons a year from before, while its mining area remains about 4.112 square kilometers, a Friday Hong Kong bourse filing said.
The company said the increased production capacity will require further investment into equipment, machinery, and facilities, and the group only plans to operate at maximum capacity if there is sufficient market demand.
Shares of the company were down over 4% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。