Zangge Mining (000408.SZ) subsidiary received notice to immediately cease lithium resource development and utilization activities.

date
18/07/2025
Financial news in the Zhitong APP: Zangge Mining (000408.SZ) issued an announcement. The company's wholly-owned subsidiary, Ge'ermu Zangge Potash Fertilizer Co., Ltd. (referred to as "Zangge Potash Fertilizer" below), received a notice on July 16, 2025 from the Haixi State Natural Resources Bureau and Haixi State Salt Lake Management Bureau, demanding the immediate cessation of lithium resource development activities. The notice requires strict compliance with national laws and regulations, earnestly fulfill corporate responsibilities, immediately cease illegal mining activities and actively rectify them, improve the legal procedures for lithium resources. After the lithium resource procedures are legal and compliant, the company can apply to Haixi State Salt Lake Management Bureau for resuming production, which can only be allowed after the application is approved.