Achmmach Mine: Chinese Group Xingye Silver and Tin Takes Full Control of Tin Project in Morocco
Achmmach Mining Project Enters a New Phase with Strategic Acquisition
The Achmmach mining project, one of Morocco’s key tin deposits, is entering a new stage of development. The Chinese group Inner Mongolia Xingye Silver and Tin Mining has reached an agreement to acquire 100% of the capital of Atlas Tin SAS, the company that owns the project, by purchasing the remaining 25% stake it did not already own.
This strategic operation, valued at $23.1 million, strengthens the Chinese group’s foothold in the Moroccan mining sector and confirms the growing interest of international investors in strategic metals.
Acquisition of Japanese Partners’ Shares
According to a notice published with the Shenzhen Stock Exchange, Xingye Silver and Tin is buying out the shares held by Toyota Tsusho and the mining division of Nippon Steel, thereby becoming the sole shareholder of Atlas Tin SAS.
This takeover ends the previous shareholder structure and marks a new phase in the development of the Achmmach project.
A Strategic Project for Tin Production
Situated in Morocco, the Achmmach mine covers an area of approximately 11.9 square kilometers and stands out as one of the most promising mining projects in the kingdom for tin extraction.
This metal is highly sought after in various industrial sectors, including:
- Electronics industry
- Alloy manufacturing
- Electrical components
- Various high-tech industrial applications
In light of soaring global demand for critical metals, producers are looking to secure their supplies to meet the needs of technological and manufacturing industries.
Visibility Until 2032
The mining license for the project remains valid until January 17, 2032, providing the new shareholder with medium-term visibility to continue the site’s development and operations.
This regulatory stability is a significant asset for facilitating the investments necessary to enhance the deposit’s value.
Morocco Attracts Investment in Strategic Metals
With this transaction, Morocco reaffirms its appeal to major international mining groups. The complete transfer of the Achmmach project to the Chinese group underscores the increasing competition among global players to secure access to essential mining resources for industrial value chains.
As Toyota Tsusho and Nippon Steel withdraw from the project, Xingye Silver and Tin strengthens its presence in the kingdom and consolidates its development strategy in the strategic metals sector, where Morocco’s potential is becoming increasingly sought after.
