Zhaojin Mining Industry Co (HK:1818) has released an update.
Zhaojin Mining Industry Company Limited has announced a new agreement with Ruihai Mining, where Zhaojin will provide technical services for underground hydrogeology and water control from January 2024 to December 2026. This deal, involving subsidiaries and connected parties, falls within specific thresholds that require reporting and annual review but not shareholder approval. The services include the development of water monitoring systems and hydrogeological reports, potentially impacting the company’s operational efficiency and safety standards in mining areas.
For further insights into HK:1818 stock, check out TipRanks’ Stock Analysis page.
