JCHX Mining Management's Unit Signs $77 Mining Deal in DRC

MT Newswires Live
16 Sep 2024

JCHX Mining Management's (SHA:603979) unit, Kingko Construction, signed a $76.5 million contract with Ruashi Mining of Metorex Group for a segment mining and cutting project in the Democratic Republic of Congo, according to a Sept. 13 disclosure on the Shanghai Stock Exchange.

The project is a 400-millimiter segment of #1 stope, 520ml, 540ml segment mining and cutting project. It also includes a 400ml segment 1# stope east and 540ml middle section sulfide ore recovery project.

The Chinese mining construction company will undertake the project until June 30, 2027, the disclosure said.

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