JCHX Mining guarantees $30m for subsidiary's copper trade platform

JCHX Mining Management announced a guarantee for its wholly-owned subsidiary, Topview International Trading Limited. This guarantee, amounting to $30 million, is intended to support Topview International Trading's trade platform for Lonshi and Dikulushi copper mines.

The financing is for working capital needs related to the sale of copper products, with a loan term of three years. The guarantee covers the principal, interest, fees, and any related expenses. This move aims to meet the operational needs of the subsidiary, aligning with JCHX Mining's overall strategic interests. The company confirmed no outstanding overdue guarantees as of the disclosure date.