Chengdu Wintrue (SHE:002539) subsidiary Leibo Kairui Phosphorus Chemical obtained mining rights for a phosphorus mine in Sichuan, China, according to a Tuesday filing with the Shenzhen Stock Exchange.
The Ajuluojia Phosphorus Mine has a production scale of 2.9 million tons per year. The mining license is valid for 30 years, expiring on Sept. 30, 2054, the filing said.
Chengdu Wintrue won exploration rights to the mine in August 2023.
Shares closed 2% lower on Tuesday.
Price (RMB): ¥7.87, Change: ¥-0.20, Percent Change: -2.48%
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