August 1 -- Ningxia Dayuan Chemical (600146) filed it will set up a mining division to oversee to mining and mining asset purchases, reports yicai.com. Its Dalian branch suspended production because of relocation and resulted in losses of 30.39 million yuan in the first half, reversing its earnings of 11.61 million yuan in first half 2010. Its first-half revenue grew 36.4 percent year-on-year to 37.93 million yuan.

Dayuan said it is making progress on the purchase of a 52-percent stake in Xinjiang Toli World Peak Gold Mining but has suspended acquisition over Alashan Zhula Gold Mining.

Source:CapitalVue