BGT acquires 55% stake in Dahao Mining to secure antimony supply
2025-11-20 16:44:15 [Print]
BGT (Beijing) New Materials Technology, a wholly-owned subsidiary of BGT Group, plans to acquire a 55% stake in Wenshan Dahao Mining Development Co., Ltd. for RMB225 million (USD1.62 million). Upon completion, Dahao Mining will be included in BGT's consolidated financial statements.
Dahao Mining specializes in mineral exploration and development and currently holds nine valid exploration and mining rights covering antimony, tungsten, and lead-zinc minerals. Its Xiaodong antimony mine in Xichou County has proven reserves of 1.115 million tonnes of ore containing 34,900 tonnes of antimony at an average grade of 3.13%, with an approved annual mining capacity of 90,000 tonnes.
BGT has also validated a wet-process technology to efficiently recover antimony from wastewater and sludge, further improving metal recovery rates. The stake acquisition strengthens the company's upstream presence, secures key raw materials, and builds a full antimony value chain from mining and smelting to product manufacturing and recycling, boosting supply security, cost control, and overall competitiveness.
Dahao Mining specializes in mineral exploration and development and currently holds nine valid exploration and mining rights covering antimony, tungsten, and lead-zinc minerals. Its Xiaodong antimony mine in Xichou County has proven reserves of 1.115 million tonnes of ore containing 34,900 tonnes of antimony at an average grade of 3.13%, with an approved annual mining capacity of 90,000 tonnes.
BGT has also validated a wet-process technology to efficiently recover antimony from wastewater and sludge, further improving metal recovery rates. The stake acquisition strengthens the company's upstream presence, secures key raw materials, and builds a full antimony value chain from mining and smelting to product manufacturing and recycling, boosting supply security, cost control, and overall competitiveness.
Antimony Conc. 50%min Delivered China
Unit:RMB/mt Sb
China antimony concentrate produders' number MoM output increase statistics by province by month
Unit: pcs
