Recently, the signing ceremony of Ovoot Tolgoi Coal Mine Project in Mongolia was successfully held in the Guobin office area of the company in Chengdu. Ji Xiaoyong, Secretary of the Party Committee and Chairman of POWERCHINA International, Xiong Lixin, Deputy General Manager, He Qigang, Secretary of the Party Committee and Chairman of the 10th Hydropower Bureau, Hu Zhanjun, Deputy General Manager and Chief Economist, An Yong, the controlling shareholder of SouthGobi Resources and Chairman of Inner Mongolia Tianyu Innovation Investment Group , SouthGobi Resources shareholder representative Li Chenglin witnessed the signing. Representatives of SouthGobi Sandbank Co., Ltd., Power Construction International, and Hydropower Bureau 10 signed the relevant contracts.

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.

Mongolia is rich in high-quality coal resources and is close to China, the world's largest coal consumer. The SouthGobi Resources business focuses on the mining, development and exploration of coking coal and thermal coal in SouthGobi Province, Mongolia, and supplies high-quality coal to Chinese customers. The two parties jointly promote resource integration, win-win cooperation in the fields of minerals, energy and infrastructure, and work together to achieve sustainable development and common prosperity in the field of mineral energy. The successful signing of this project has become the latest achievement of the in-depth development of the China-Mongolia Economic Corridor mine integration service project. It is a successful case of China Power Construction's system planning and overall promotion of overseas mine projects. It will effectively promote the economic development of Inner Mongolia ports and further promote China-Mongolia The economic corridor cooperation has been deepened and solid, making greater contributions to the country's Belt and Road Initiative. Editor / Zhao E