Yunnan Chihong Zinc and Germanium has unveiled plans to acquire mining assets from its parent, Yunnan Metallurgical Group, for a CNY 1.36bn ($207.7m).

The company said it will acquire 93.08 % stake in Yunnan Yongchang Lead and Zinc and 100% stakes in Yunnan Lancang Lead Mining and Daxinganling Yunye Mining.

Chihong subsidiary Hulunbeier Chihong won a CNY597m ($91.1m) contract from Kunming Engineering and Research Institute of Nonferrous Metallurgy, to provide an oxygen pressure leaching system for a lead and zinc smelting project.

Chihong also plans to acquire 51% stake in Daxinganling Jinxin Mining and will pay an initial deposit of CNY180m ($27.4m), according to capitalvue.com.