On 31 Jan, Mr. Benedikt Sobotka, CEO of Eurasian Resources Group (ERG) paid a visit to JCHX Headquarters under the accompany of Mr. Yun Wang, General Manager of ERG China and Mr. Gao Guan, Investment Director, they were warmly welcomed by Mr. Xiancheng Wang, Chairman of JCHX Group and Mr. Huaisheng Peng, President of JCHX Group. Both sides had a pleasant conversation and expressed mutual intention in making joint efforts to strengthen cooperation.
After opening greetings, Mr.Wang introduced the development status at Lonshi Project which was acquired from ERG, followed by an expression of sincere wishes to explore further cooperation opportunities based on complementary advantages and win-win solution.
Mr.Sobotka was very impressed by the efficient execution and comprehensive strength that JCHX demonstrated at Lonshi Project. He noted that, as a leading diversified natural resources group, ERG owns a portfolio of premium production assets and development projects across the world, and he shared the wishes of continuously deepening and extending cooperation with JCHX.
Headquartered in Luxembourg, ERG is a leading diversified natural resources producer engaged in integrated business from extraction and production, through to processing, energy, logistics and marketing, with operations in Kazakhstan, China, Russia, Brazil, the DRC, Zambia, Mozambique, the Republic of South Africa and other countries. ERG has maintained long-term friendly cooperative relations with Chinese enterprises, and has positively responded to the "One Belt, One Road" Initiative .
JCHX acquired mining rights and prospecting rights of Lonshi Copper Mine from ERG with transaction officially completed in April 2021. Currently, the site establishment is in full swing with the construction of surface facilities like living camp, office building, dressing and smelting facilities steadily in progress, civil construction for tailings pond, concentrator and smelter commenced smoothly, and underground works started.
