Yuchen is a commodities trading company incorporated in Hong Kong and has, through an affiliated company, been purchasing lead and zinc concentrates from CNMC since early-2023.
CNMC Goldmine Holdings (SGX:5TP
) has announced that its wholly-owned subsidiary CMNM Mining Group has entered into a 10-year sales contract with Yuchen Resources Co. on Dec 22.
The contract, which lasts over a 10-year period from Jan 1, 2024 to Dec 31, 2033, will see Yuchen purchase all lead, zinc and other concentrates or ore produced by CMNM at its Ulu Sokor concession at prevailing prices.
