According to Baodi Mining's announcement, the holding subsidiary of the company, which holds 51% of the shares, recently obtained a safety facility design review opinion from the State Mine Safety Supervision Administration on the construction of 10 million tons/year mining renovation and expansion projects. Its “Safety Facility Design” meets the requirements of relevant national and industry standards, and is preparing for the transfer of iron ore mining renovation and expansion projects to the infrastructure period. The project achieved an iron concentrate output of 4.9813 million tons/year after delivery, which is conducive to enhancing the company's long-term resource guarantee capacity and core competitiveness. There is a risk of uncertainty about the construction progress and commissioning time of the project.

According to Baodi Mining's announcement, the holding subsidiary of the company, which holds 51% of the shares, recently obtained a safety facility design review opinion from the State Mine Safety Supervision Administration on the construction of 10 million tons/year mining renovation and expansion projects. Its “Safety Facility Design” meets the requirements of relevant national and industry standards, and is preparing for the transfer of iron ore mining renovation and expansion projects to the infrastructure period. The project achieved an iron concentrate output of 4.9813 million tons/year after delivery, which is conducive to enhancing the company's long-term resource guarantee capacity and core competitiveness. There is a risk of uncertainty about the construction progress and commissioning time of the project.