China Baoli signs Mongolia iron ore deal to showcase dry beneficiation technology
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China Baoli Technologies Holdings Ltd. has signed a long-term agreement with Top Skill Global to implement its dry beneficiation technology at a Mongolian iron mine with over 80 million tonnes of resources. This marks the first commercial use of its DGDB technology in mining. Baoli will license the technology for processing 1 million tons of iron ore annually and act as the exclusive sales agent for the produced iron ore fines. The latest analyst rating for Baoli's stock is a Sell with a price target of HK$0.39.
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