trending Market Intelligence /marketintelligence/en/news-insights/trending/COslfDsKgIqPGagA38_1EA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Western Mining undertakes 2B yuan debt-for-equity swap

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Western Mining undertakes 2B yuan debt-for-equity swap

Western Mining Co. Ltd. completed a debt-for-equity swap for replacement of debt worth 2 billion Chinese yuan, in which the company brought in the loan asset management units of Agricultural Bank of China and Industrial and Commercial Bank of China as investors, according to a Dec. 18 statement.

The company said the two state-run lenders each invested 1 billion yuan to own a 22.725% stake in its unit Sichuan Huidong Daliang Mining Co. Ltd.

After the rights issue, Western Mining remains as Sichuan Huidong's controlling shareholder with a 54.55% equity interest.

As of Dec. 18, US$1 was equivalent to 7.00 Chinese yuan.