Shandong Jinling Mining (000655.SZ) announced that its wholly-owned subsidiary, Jinsteel Mining, has obtained a mining license on June 24, 2024.
Zhitong Finance APP news, Shandong Jinling Mining (000655.SZ) announced that its wholly-owned subsidiary, Jinsteel Mining, has obtained a mining license on June 24, 2024. Jinsteel Mining can now carry out mining activities within the scope of the mining license. With this, Jinsteel Mining's responsibility and obligation for mine geological environmental protection and restoration, which was suspended due to eco-friendly policies, have ended. The estimated liability balance will be fully reversed back and included in the current profit and loss. The estimated liability reversal amount for this period is 24.0835 million yuan.