Changes in Hong Kong stocks | Zhihui Mining (02546) rose nearly 9%, and cooperation with Zhaojin Nonferrous to explore mining projects is expected to open up the transformation link of territorial resource platforms

The Zhitong Finance App learned that Zhihui Mining (06628) rose by nearly 9%. As of press release, it had risen 7.99% to HK$23.8, with a turnover of HK$18.553,900.

According to news, recently, Zhihui Mining and Zhaojin Nonferrous have signed a strategic cooperation framework agreement to jointly carry out investment cooperation in mining projects within the Tibet Autonomous Region. According to the agreement, the two sides will explore the establishment of a phased cooperation mechanism for strategic mineral targets such as copper, molybdenum, chromium, antimony, gold, tungsten, and zinc. Zhihui Mining and Zhaojin Nonferrous Metals are jointly exploring investment cooperation in mining projects, which is expected to enable the company to further extend from the steady operation of existing mines to project screening, joint mergers and acquisitions, resource integration and prudent development.

The Zhitong Finance App pointed out in “Behind the Deepening Cooperation of Recruiting: Zhihui Mining (02546) Becomes a New Entry into the Integration and Development of Plateau Mining Resources” that Zhaojin Mining once supported the listing of Zhihui Mining on the Hong Kong capital market as a cornerstone investor. This time, Zhaojin Nonferrous Metals, as one of the “Zhaojin Department” non-ferrous metals industry platforms, participated in the signing of a strategic cooperation framework agreement, further extending the relationship between the two parties beyond recognition by the capital market to the practical level of industrial collaboration and resource integration. Cornerstone investment and strategic cooperation are not the same thing, but the continuity formed by the two has strengthened the market's focus on the foundation of long-term cooperation between the two sides. At the same time, the deeper value of this cooperation is to try to open up the transformation link of “territorial resource endowment - industrial development capacity - capital platform for listed companies”.