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Article: Bestway International snaps up tungsten mining firms in Mongolia.
- Article from:
- China Business News
- Article date:
- July 27, 2009
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Bestway International snaps up tungsten mining firms in Mongolia
Shanghai. July 27. INTERFAX-CHINA - Hong Kong Stock Exchange-listed PVC film producer Bestway International Holdings Ltd. has spent HKD 940 million ($121.29 million) on the purchase of 100 percent stakes in two tungsten mining companies in Mongolia, the company announced on July 24.
One of the tungsten mining companies owns deposits with tungsten resources totaling approximately 482,271 tons, covering an area of no less than 1,026 hectares. The other has tungsten deposits with resources of ...