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Project
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Cooperation approach
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Exploitation in Yunshan Graphite mine
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REG is to transfer 30% of shares in its wholly-owned subsidiary, Yunshan Graphite Mining Co., Ltd. (Yunshan Graphite) to BTR, and then they will together control this joint venture (JV) at a ratio of 70:30. The JV is responsible for the exploitation and operation of Yunshan graphite mine.
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After equity transfer, Yunshan Graphite shall pay the rest USD19.62 million (RMB120.50 million) to the local government department for the exploration right in the core area of Yunshan graphite mine.
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REG and BTR will invest USD14.81 million (RMB91 million) and USD6.35 million (RMB39 million) respectively into Yunshan Graphite to ensure its operation.
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Graphite deep processing in Hegang City
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REG and BTR will set up a natural graphite deep processing enterprise namely Hegang BTR Materials Co., Ltd. in Xing’an Dist., Hegang City at a ratio of 45:55, registered capital being USD16.28 million (RMB100 million). This JV will focus on the investment and financing activities for the graphite deep processing project and carry out research, design, construction and operation about Li-ion battery anode materials and other graphite related deep processed products.
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The JV will undertake the 41 ha area targeted by Yunshan Graphite.
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The JV will establish a production capacity of >30,000 t/a for Li-ion battery anode materials and other deep processed products based on natural graphite, of which 10,000 t/a Li-ion battery anode material production line will be launched in the 1st phase.
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Graphite beneficiation in Hegang City
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REG and BTR will build a graphite beneficiation enterprise in Luobei County, Hegang City at a ratio of 50:50, registered capital reaching USD8.14 million (RMB50 million). The JV will take the responsibility to make investment and financing for the graphite beneficiation project and launch related design, construction and operation activities.
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The JV will initiate the construction for the graphite beneficiation project and will first go through the land requisition formalities (forest land included) for tailing reservoir, based on the graphite fine powder market and the minerals integration situation.
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(20min delay)