Shengda Resources (000603.SZ) subsidiary Yindu Mining's 900,000 tons/year mining technological transformation project has been approved.

Zhitong Finance APP reports that Shengda Resources (000603.SZ) announced that its holding subsidiary Inner Mongolia Yindu Mining Co., Ltd. (referred to as Yindu Mining) recently received the Notice on the Approval of the 900,000 Tons/Year Mining Technical Renovation Project of the Bainidaba Silver Polymetallic Mine by the Inner Mongolia Autonomous Region Department of Industry and Information Technology. During the construction of the 900,000 tons/year mining technical renovation project at Yindu Minings Bainidaba Silver Polymetallic Mine, the original production capacity of 900,000 tons/year will not be affected, and mining will continue as normal. The company will actively promote the construction work of the 900,000 tons/year mining technical renovation project at Yindu Minings Bainidaba Silver Polymetallic Mine, striving to achieve economic benefits as soon as possible and create a new profit growth point for the company.