Recently, jinchengxin Mining Management Co., Ltd. has received a copy of the written confirmation provided by the owner that the financing bank EBRD has approved the contract and the loan agreement signed between EBRD and the owner has completed the financing closing procedures. Key words: one belt, one road, one belt, one road, overseas project

The effective conditions agreed in the infrastructure and construction contract of Sharkia project have been met. According to the terms of the contract, the contract will come into force on October 26, 2021. The planned construction period of the project is 50 months and the contract amount is about US $100 million. The project is located in zanak District, kizilaoada region, Republic of Kazakhstan, with an annual output of 4000000 tons of ore. The Contractor shall complete the phase I infrastructure development project and shaft restoration project of Sharkia lead zinc mine under the conditions specified in the contract terms, including ramp extension, drift, chamber, inclined shaft and chute.Editor/XuNing