Core Viewpoint - China Iron Titanium (00893) announced a construction contract with Zhejiang Zhongxiang Construction Group Co., Ltd. for upgrading and expanding its mining operations, with a total contract value of RMB 34 million [1] Group 1: Contract Details - The contract was signed by the company's indirect wholly-owned subsidiary, Aba Mining, and is aimed at providing services for the upgrade and expansion of the mining site [1] - The total value of the construction contract is RMB 34 million [1] Group 2: Strategic Plans - The strategic plan aims to optimize and upgrade production capacity to a full commercial scale [1] - The annual production capacity of iron concentrate at the Mao Ling-Yang Long Mountain Iron Mine is expected to increase by approximately 30% to 40% [1] - The plan is designed to enhance economies of scale and reduce unit production costs, barring unforeseen circumstances [1]
中国铁钛附属订立3400万元施工合约 用于矿场升级扩产