Core Viewpoint - China Iron Titanium (00893) has announced a construction contract with Zhejiang Zhongxiang Construction Group Co., Ltd. for the upgrade and expansion of its mining operations, with a total contract value of RMB 34 million [1] Group 1: Contract Details - The contract is set to be executed by the company's wholly-owned subsidiary, Aba Mining, and is aimed at providing services for the construction and engineering work related to the mine upgrade and expansion [1] - The total value of the contract is RMB 34 million [1] Group 2: Strategic Plans - The strategic plan aims to optimize and upgrade production capacity on a commercial scale, with an expected annual increase in iron concentrate production capacity of approximately 30% to 40% at the Maoling-Yanglongshan Iron Mine [1] - The company anticipates that, barring unforeseen circumstances, this upgrade will enhance economies of scale and reduce unit production costs [1]
中国铁钛(00893)附属订立3400万元施工合约 用于矿场升级扩产