Chinese enterprises are leading the world in infrastructure construction and mineral development. As the the Belt and Road Initiative is launched globally, Sinoma International and Qinghai CITIC Guoan Technology Development Co., Ltd. continue to make new breakthroughs in overseas markets.

Sinoma International Signed Second Line Cement Production Project in Ethiopia

Recently, Sinoma International (Nanjing) and Ethiopian Debamidlock Cement Co., Ltd. jointly signed a general contracting project contract for the 5000TPD clinker production line of Debamidlock Cement. The signing ceremony was held in the capital city of Ethiopia, Addis Ababa. The project is located in Deba Town, Oromia State, Ethiopia, with a total contract amount of about 300 million dollars.

Project duration: According to the contract, the project will be calculated from the date when the owner receives the company's advance payment guarantee and performance guarantee, the company receives the owner's letter of credit and advance payment, and the owner hands over the construction site to the company. Cement will be produced in 26 months and temporary acceptance will be carried out in 29 months.

Contract content: To build a daily production line and supporting engineering of 5000 tons of clinker cement from limestone crushing to cement packaging products leaving the factory, covering engineering design, equipment procurement and supply, civil construction, mechanical and electrical equipment installation, commissioning, personnel training, etc.

Chinese Enterprises Sign Lithium Resource Development Agreement with Bolivia

President of Bolivia's President Alce recently presided over the signing ceremony of the second batch of agreements on international cooperation in the development of lithium resources at the Presidential Palace. The Bolivian side announced that Chinese enterprises Qinghai CITIC Guoan Technology Development Co., Ltd. and Russia Uranium One Group have won the bid.

Under the witness of Alsace, Xie Yunrong, the legal representative of Qinghai CITIC Guoan Bolivia Branch, and Kaufman, the legal representative of Russia Uranium One Group, respectively signed a lithium resource development cooperation agreement with Ramos, the President of Bolivia Lithium Industry Company. The two enterprises will respectively build Lithium carbonate plants in Uyuni Salt Lake and Pastos Salt Lake, with a cumulative investment of 1.4 billion dollars, including 857 million dollars from Qinghai CITIC Guoan.

Arse delivered a speech stating that the two agreements signed this time symbolize that the Bolivian government has once again fulfilled its commitment to achieving lithium resource industrialization through practical actions. The prospects for the industrialization of lithium in China are infinitely bright. Although the external environment is currently facing challenges, China has always been firmly committed to promoting the process of lithium industrialization.Editor/Ma Xue