Chengtun Mining provides RMB722bn in guarantees

Chengtun Mining Group has reported guarantee activities totaling RMB722.83 billion, representing 46.71% of its latest audited net assets.

The guarantees include RMB104.27 billion from subsidiary Erma Mining to secure the parent company's credit line with Industrial and Commercial Bank of China.

Additional guarantees were extended to subsidiaries including RMB10 billion for Huajin Mining, RMB5 billion for Chengtun Zinc and Germanium, and RMB5 billion for Kelixin (Zhuhai). The company reported no overdue guarantees.