SubsidiaryJul 24, 2026, 05:16 PM
Tianci International Establishes Zimbabwe Subsidiary, Develops 30,000 sqm Warehouse
AI Summary
Tianci International, Inc. has established RIDGCORE RESOURCES (PRIVATE) LIMITED, an indirect wholly-owned subsidiary in Zimbabwe, to manage its mineral products business. This new entity will oversee local operations, including the development of a 30,000 square meter first-phase warehouse facility. The warehouse is designed to support 50,000 metric tons of chromium ore storage and aims to increase the company's total monthly chromium ore supply capacity to over 10,000 metric tons, enhancing its localized operating presence and scaling operations.
Key Highlights
- Established RIDGCORE RESOURCES (PRIVATE) LIMITED as an indirect wholly-owned subsidiary in Zimbabwe.
- The subsidiary will manage local operations for the company's mineral products business.
- Advancing lease for approximately 3 hectares (30,000 sqm) for first-phase warehouse facilities.
- Warehouse expected to provide dynamic storage capacity of approximately 50,000 metric tons of mineral products.
- Aims to add approximately 5,000 metric tons of monthly supply capacity for chromium ore.
- Targeting total monthly chromium ore supply capacity of more than 10,000 metric tons.
Price Impact
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