ST Star announced that Guizhou Lufa Industrial Co., Ltd., a wholly-owned subsidiary of the company, received the “Safety Facility Design Review Opinion” issued by the State Mine Safety Supervision Administration, and the Yongwen Phosphate Mine 3 million tons/year mining project safety facility design principles agreed to pass the review. Yongwen phosphate ore uses underground mining. The production scale is 3 million tons/year, and the mining service period is 24 years. It is mined in two phases. The successful commissioning of the mine will enhance the company's resilience to risks, but there is a risk of uncertainty about its construction progress and commissioning time.

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