EQS-News / 15/08/2016 / 23:45 UTC+8
*China Hanking Holdings Limited*
*??????????*
*(Stock Code:3788)*
*Fushun Shangma Receives Mine Exploration Permit *
*Continuous enhancement on value of iron ore business*
*[15 August 2016, Hong Kong*] *China Hanking Holdings Limited *(*"China
Hanking*" or the "*Group*"; Stock code: 3788) announced that Fushun Hanking
Shangma Mining Company Limited ("Fushun Shangma"), a wholly-owned subsidiary
of the Company, received the exploration permit of the mine (the
"Exploration Permit") issued by the Liaoning Department of Land and
Resources recently. The geographic location of the Exploration Permit is
Shangma Town, Fushun County, Liaoning Province, with an exploration area of
13.5200 square kilometers. The initial effective period of the Exploration
Permit is two years, which is renewable upon expiry.
Shangma Mine, owned by Fushun Shangma, is located at the center of the iron
ore belt in Fushun City. Obtaining the Exploration Permit in this region
will benefit the Group for securing iron ore resources in the permitted
exploration area in priority at a lower cost. Next, Fushun Shangma will
complete the exploration as soon as possible in accordance with relevant
laws and regulations, so as to boost the Group's development opportunities
in iron ore exploration and substantially increase the potential for
reserves.
*Dr. Pan Guocheng, Executive Director, President and Chief Executive Officer
of China Hanking* stressed, "The acquisition of Fushun Shangma Exploration
Permit is of great significance to the sustainable development of the iron
ore business of the Group. Shangma is sited at an important location of
Fushun iron ore belt, and possesses a great exploration potential of iron
ore resources. Adjacent to Aoniu Mine, the largest mine of the Group,
Shangma Mine can serve as a support base of iron ore supply to Aoniu Mine,
which would effectively prolong the service life of Aoniu Mine and continue
to enhance the value of iron ore business."
-End-
*About China Hanking Holdings Limited*
China Hanking Holdings Limited (stock code: 3788) is a fast-growing
international mining and metals group that focuses on finding, mining,
processing and marketing the Earth's mineral resources. Hanking focuses on
precious metals coupled with nickel and other strategic metals. Our approach
is driven by investment and development of long-life, low-cost, expandable
operations in the most attractive geographical areas.
Issued by Anli Financial Communications Limited and on behalf of *China
Hanking Holdings Limited.*
*Media enquiries:*
*Anli Financial Communications Limited*
Karl Cheung 852-3956 1646 karl.cheung@anli.com.hk
Crystal Lo 852-3956 1638 crystal.lo@anli.com.hk
Candy Wong 852-3956 1641 candy.wong@anli.com.hk
Document: http://n.eqs.com/c/fncls.ssp?u=CTRFRIFGQH [1]
Document title: China Hanking Holdings Limited (3788) Fushun Shangma
Receives Mine Exploration Permit Continuous enhancement on value of iron ore
business
15/08/2016 Dissemination of a Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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492843 15/08/2016
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(END) Dow Jones Newswires
August 15, 2016 11:46 ET (15:46 GMT)
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