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Baotailong disclosed last night that it plans to invest 50 million yuan to establish Qitaihe Baotailong Milin Graphite Concentration Co.
, Ltd.
for the implementation of a 60,000-ton/year graphite concentrate plant and tailings pond project
.
On the morning of the 11th, the company disclosed supplementary announcements and risk warnings
.
The company stated that Qitaihe Baotailong Milin Graphite Concentration Co.
, Ltd.
, which invested 50 million yuan to establish, only changed the implementation of the 60,000-ton/year graphite concentrate concentrator and tailings pond project
.
The company’s 60,000-ton/year graphite concentrate concentrator and tailings pond project has received project approval, the environmental impact assessment report is being prepared, and the land acquisition is being submitted for approval.
It is uncertain whether the company has been approved by the relevant government departments; the company is in the graphite mine.
There are procurement risks in the process of purchasing surrounding graphite ore raw materials before mining, and there are uncertainties in the procurement process; the sales and prices of graphite concentrate products are also uncertain, so investors are kindly requested to pay attention to the risks
.
The announcement stated that graphene is an emerging industry, and the application of graphene is still in the trial promotion stage, and an industrialized supply and demand market has not been formed; as the overall production capacity of the graphene industry continues to expand, the price of graphene is at risk of a sharp drop; downstream applications of graphene A period of trial promotion is required, and there is a risk that large-scale sales cannot be realized in the short term.
The sales revenue in the first half of the year was only 68,500 yuan.
Therefore, the graphene project will not have a major impact on the company's 2017 operating results
.
In addition, the graphite mine of Qitaihe Dongrun Mining Investment Co.
, Ltd.
has not yet obtained a mining license, and there is uncertainty in the process of mining license processing
.
, Ltd.
for the implementation of a 60,000-ton/year graphite concentrate plant and tailings pond project
.
On the morning of the 11th, the company disclosed supplementary announcements and risk warnings
.
The company stated that Qitaihe Baotailong Milin Graphite Concentration Co.
, Ltd.
, which invested 50 million yuan to establish, only changed the implementation of the 60,000-ton/year graphite concentrate concentrator and tailings pond project
.
The company’s 60,000-ton/year graphite concentrate concentrator and tailings pond project has received project approval, the environmental impact assessment report is being prepared, and the land acquisition is being submitted for approval.
It is uncertain whether the company has been approved by the relevant government departments; the company is in the graphite mine.
There are procurement risks in the process of purchasing surrounding graphite ore raw materials before mining, and there are uncertainties in the procurement process; the sales and prices of graphite concentrate products are also uncertain, so investors are kindly requested to pay attention to the risks
.
The announcement stated that graphene is an emerging industry, and the application of graphene is still in the trial promotion stage, and an industrialized supply and demand market has not been formed; as the overall production capacity of the graphene industry continues to expand, the price of graphene is at risk of a sharp drop; downstream applications of graphene A period of trial promotion is required, and there is a risk that large-scale sales cannot be realized in the short term.
The sales revenue in the first half of the year was only 68,500 yuan.
Therefore, the graphene project will not have a major impact on the company's 2017 operating results
.
In addition, the graphite mine of Qitaihe Dongrun Mining Investment Co.
, Ltd.
has not yet obtained a mining license, and there is uncertainty in the process of mining license processing
.
