On August 17, Inner Mongolia Dazhong Mining Co., Ltd. announced that the Company's board of directors agreed to establish a wholly-owned subsidiary, Sichuan Dazhonghe Company, with its proprietary funds for Yuan 3 billion in Malkang City, Aba Tibetan and Qiang Autonomous Prefecture, Sichuan Province. The subsidiary will focus on developing the lithium mine in Sichuan that it successfully acquired in an auction earlier.
Edited by Cassie Li, lixiangying@mysteel.com