On July 3, the contract for capital development and construction works at Shalkiya Lead & Zinc Mine in Kazakhstan was signed between the Consortium of JCHX Mining Management Co., Ltd. and China Civil Engineering Construction Corporation Consortium (“JCHX & CCECC Consortium”) and Shalkiya Zinc LTD JSC (“SZ”) in Almaty, with the presence of Mr. Kanat Kudaibergen, Chairman of Tau-Ken Samruk (shareholder of SZ), Mr. Damir Karim, General Director of SZ, Mr. Murat Jakishev, Project Manager, Mr. Wang Xinyu, President of JCHX, and other delegates from SZ and JCHX & CCECC Consortium.
This contract indicates that JCHX has expanded its overseas business to Central Asia, following Africa, Europe and Southeast Asia. Shalkiya Zinc & Lead Mine Project is located in Kyzylorda region of Kazakhstan with a designed capacity of 4mtpa. The contract mainly covers Phase Ⅰ capital development & construction works and shaft restoration works, with a duration of 50 months and total contract value around 107 million US dollars.
Firstly, Mr. Kanat Kudaibergen expressed a warm welcome to Mr. Wang for his presence in Almaty before extending sincere congratulations on the contract signing and heartfelt thanks for the efforts made by JCHX and CCECC Consortium. He also pointed out that Shalkiya is a significant project in Kazakhstan which attracts close attentions from the government and state leaders. The commencement of project will create more job opportunities and better prospects for local residents. As a state-owned company, Tau-Ken Samruk will spare no efforts to support the project, so as to promote win-win cooperation and enhance long-term partnership with JCHX & CCECC Consortium. Besides, Mr. Kanat Kudaibergen expects JCHX & CCECC Consortium to make full use of their technological and management strength to achieve safe, stable and successful operation.
Then Mr. Wang delivered a speech in which he extended sincere gratitude for the great support from SZ and CCECC, and gave best wishes to the project. Mr. Wang believes that all parties will continuously strengthen communications and enhance mutual understandings upon signing of the contract, despite of the truly challenging negotiation process over the contract during previous months. In addition, he mentioned that JCHX will give full play to its management and technical advantages in mine construction and mining development, and work together with CCECC and SZ to build Shalkiya Lead & Zinc Mine into a world-class project. Mr. Wang also pointed out that as Sino-KZ cooperation continuously enhanced, the mutually beneficial partnership between JCHX & CCECC Consortium and SZ will be strengthened.
Later Mr. Yang Yuyuan, GM of CCECC Eurasian Division gave a speech via video link where he expressed sincere congratulations on the event and heartfelt gratitude for the support and trust from SZ. He mentioned that the Consortium will fulfill its responsibilities and obligations in strict accordance with the contract, prioritize safety in the execution of works. It will also keep close contact with SZ, respect local culture and community rules to ensure smooth implementation of Shalkiya project.
Then Mr. Karim extended his heartfelt thanks to JCHX & CCECC Consortium for the efforts made. He believed that the experience and technological strength of the Consortium will be fully utilized to facilitate the safe, efficient and successful implementation of Shalkiya Lead & Zinc Mine Project with excellent quality.
Finally, the contract was signed under the witness of delegates from all parties.
Previously, a strategic cooperation agreement was signed between JCHX and CCECC at JCHX Headquarters in Beijing in June, for both parties wish to take Shalkiya project as an opportunity to draw experience from each other, promote win-win development, launch further cooperation over mines operation, resources development and investment, and establish long-term strategic partnership.
Shalkiya project opens a new chapter for JCHX in respect of overseas mining development business, marks a triumph for it during the implementation of the 5th Five-Year Strategic Plan, and means another step forward on its way to become a leading player in global mining industry.
