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CHIFENG GOLD (06693.HK) Suspends Operations at Laos Rare Earth Project
2026-08-09 19:35:20 CHIFENG GOLD (06693.HK) announced that, in response to and strict compliance with relevant policy requirements on rare earth resource development, Chijin Xiamen Tungsten decided to suspend operations at the (Mengli) rare earth project after prudent research and assessment. The company will closely monitor subsequent policy changes and actively seek solutions. Currently, the company holds a 51% stake in Chijin Xiamen Tungsten, which mainly operates the Laos Chuankuang Province (Mengli) Kang County (Mengli) Kang rare earth project through its 90%-owned Chisha Mining. The project is still in the trial mining stage. The suspension of operations is expected to have a limited overall impact on the company's operating performance. (de/d)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |