en.Wedoany.com Reported - On the evening of June 30, 2026, Western Mining Co., Ltd. announced that its controlled subsidiary, Yulong Copper, plans to inject 3.8 billion yuan in cash into its wholly-owned subsidiary, Chating Mining, through a non-public agreement. Upon completion of the capital increase, Chating Mining's registered capital will increase from 200 million yuan to 4 billion yuan. At the same time, Yulong Copper will also transfer the exploration rights of the Chating copper polymetallic deposit in Xuanzhou District, Anhui Province, to Chating Mining through a non-public agreement, with a transfer price of 8.689 billion yuan (excluding tax). The total amount involved in the two transactions exceeds 12 billion yuan.

The Chating copper polymetallic deposit, located in Xuanzhou District, Xuancheng City, Anhui Province, is one of the key copper resource projects that Western Mining has been advancing in recent years. In addition to copper resources, it also contains associated valuable metals such as gold and silver. From a regional layout perspective, the Chating copper mine is an important resource reserve for Western Mining in East China. Compared to high-altitude mining areas such as Tibet and Qinghai, Anhui offers advantages such as convenient transportation and well-developed industrial supporting facilities.

The highlight of this announcement is the simultaneous centralized allocation of two core assets: capital and mining rights. On one hand, the large-scale capital increase enhances Chating Mining's financial strength; on the other hand, the injection of exploration rights valued at 8.689 billion yuan into the project company unifies resource assets with the development entity. This capital operation indicates that Western Mining is actively cultivating new growth points for copper resources and further improving its copper industry resource reserve system.