Against the backdrop of continuously rising strategic value of global mineral resources and deepening cross-regional resource cooperation, Panbao Group has actively expanded its presence in high-quality overseas mineral resources and accelerated the development of a diversified, sustainable resource exploration and utilization system. Leveraging its long-term industrial expertise and international collaboration network, the group has steadily enhanced its capabilities in project implementation and operation abroad. On June 16, Panbao Group's Myanmar molybdenum mine project officially commenced construction and entered operational phase in Kachin State, with all work progressing smoothly—a milestone marking a significant step forward in the group's global mineral resource strategy.
During the project launch phase, local partners in Myanmar's Kachin State coordinated and implemented comprehensive local support measures, providing essential assistance for both the initial construction of the mining area and its subsequent stable operation, ensuring the project smoothly entered the implementation stage.
Led by General Manager Huang, Panbao Group has deployed its first batch of over 20 staff members to the mining site, where they have fully commenced on-site construction coordination, mining operations, and maintenance tasks, accelerating the project's transition from preparation phase to full-scale operation. The successful commencement and commissioning of this molybdenum mine represent a significant milestone in Panbao Group's ongoing efforts to expand its overseas mineral resource presence and deepen cross-regional industrial collaboration, as well as a concrete outcome under the China-Myanmar Mineral Resources Cooperation Framework.