Xingye Mining inks strategic deal with China Railway

Inner Mongolia Xingye Mining (SZSE:000426) announced a strategic cooperation framework agreement with China Railway Tunnel Bureau Group Co., Ltd. The agreement aims to establish a strategic partnership leveraging China Railway's expertise in tunnel and underground engineering and Xingye Mining's resources in mineral exploration and development, particularly in applying Tunnel Boring Machine (TBM) technology to metal mine construction. Both parties intend to strengthen information sharing and technical exchange in TBM application, with a focus on optimizing construction plans and innovating key technologies. The initial term of the agreement is three years, effective immediately, with options for extension. The companies anticipate that this collaboration will strengthen their respective market competitiveness and facilitate resource development, though the financial impact on the current fiscal year is not expected to be significant.