Ningbo's first auction for mining rights
- Details
- Category: Ningbo Business
- Published: Monday, 05 March 2012 09:56
Recently, the live auction for two mining rights has been successfully held in Ningbo. This is the first live auction for mining rights in public trading platform after major adjustment on mining rights trading has been made last November.
The auction includes the mining rights of two ordinary stone mines. The first one is located in a village in Yin Jiang Township in Yinzou District. After a price offer, the mining right was sold at 8.85 million yuan.
The second one belongs to an ordinary building stone mine located in another village in Yinzhou District, with a capacity of 5.14 million tones. The starting price was 10.8 million yuan. Besides, the bidder has to pay a total of 8.5 million yuan as the deposit for environmental resuming. After a fierce competition of 38 bids, a bidder finally won the mining right at 26.7 million yuan, with a premium rate as high as 147%
