On November 25, Gelonghui reported that north mining (00433.HK) announced that the group management is continuously cooperating closely with government departments to secure other subsidiary licenses for the mining site (specifically the production safety license).
The Emergency Management Department of Shaanxi Province, china, granted and issued a production safety license to the group on October 18, 2024. The renewed production safety license will be valid until October 17, 2027. The production safety license is a significant license required for the group to conduct mining activities at the molybdenum mine. With the acquisition of the production safety license, the group's mining business can now fully resume operations.