YBTY: Subsidiary invests 107 million yuan to build a green mining project

YBTY announced that its wholly-owned subsidiary, Mabi Wuqiong Mining Co., Ltd., plans to invest 107 million yuan to construct the Wuqiong Dingjia Phosphate Mine Green Mine Construction Project. This project includes ecological restoration and environmental management of the mining area, the construction of a centralized control center building and an intelligent control system for the mine, water treatment in a 990-square-meter tunnel, a three-year special action for fundamental remediation of the mine, and the establishment of a cemented filling mining system, among others. The construction period of the project is expected to be 36 months, with funding sourced from self-raised funds. Upon completion, the project will enhance the mining area's environment, resource extraction, comprehensive resource utilization, green low-carbon initiatives, ecological restoration and environmental management, as well as technological innovation and standardized management capabilities, playing a key role in achieving production targets and providing significant social benefits