Investment
Chinese companies newly signed two overseas mining projects
Seetao 2023-04-04 11:05
  • Yunnan Construction Investment International Department signed a contract with the Malaysian bauxite mine project
  • China Power Construction signed a mine contract for the Mongolian Coal Mine Project
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Over the past ten years of the Belt and Road Initiative, the International Engineering Department of Yunnan Construction Investment Group and Power China have actively responded to Chinese standards to go out, seize overseas opportunities, optimize the international market, and create a new situation in the development of the Belt and Road Initiative with high-quality performance!

Yunnan Construction Investment signed a contract with the Malaysian bauxite mine project

  Recently, the International Department of Yunnan Construction Investment signed the EPC general contract for the Malaysian bauxite mine project, with a contract value of 397.5 million MYR, or about 620 million RMB. The project is located in Kuantan, Pahang, Malaysia. It is jointly developed by the Asia Pacific Investment Bank and local senior mining companies. The main project includes bauxite mining and transportation.

This project is the first overseas mineral project contracted by the International Engineering Department in the Malaysian market, and it is currently the largest overseas mineral project of the Group. The signing of this project will promote the future cooperation between the Group and the Asia-Pacific Investment Bank in a wider range of fields.

China Power Construction signed a Mongolian coal mine projec

Recently, the signing ceremony of the mine general contracting contract for Ovoot Tolgoi Coal Mine Project in Mongolia was successfully held in the Guobin office area of the company in Chengdu. Xu Jinsheng, president of SouthGobi Sandbank Co., Ltd., and Song Qingguo, deputy country representative of POWERCHINA International Mongolia Representative Office, signed on behalf of both parties.

The Ovoot Tolgoi Coal Mine Project is located in the southern part of Mongolia, in Gurbanstersum, South Gobi Province. The project is 255 kilometers southwest of the capital of South Gobi Province and 45 kilometers away from the China-Mongzeke border port. At present, the coal in the mining area is mainly coking coal and semi-soft coking coal. The proven reserves are 80.43 million tons, the controlled reserves are 17.29 million tons, and the estimated reserves are 1.75 million tons, totaling 99.47 million tons.

Construction scope of Hydropower Tenth Bureau: All work involved in the whole process of stripping, mining and transportation in the designated construction area of Ovoot Tolgoi Coal Mine Project and coal sales. The signing of this contract is the further implementation of the cooperation framework agreement between the two parties on the South Gobi Resources Coal Mine Project in Mongolia, and has laid a solid foundation for the continuous deepening of cooperation.Editor/Ma Xue

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