SHANGHAI, Apr. 1 -- According to a bulletin released by China Non-ferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC) on March 23rd, Chifeng NFC Kumba Hongye Zinc Co., Ltd. (NFC Kumba), the subsidiary of NFC, signed industrial and mineral products sales contract with Wanxiang Resources Co., Ltd. (Wanxiang Resources). NFC Kumba plans to sell zinc ingot to Wanxiang Resources in 2010, with selling prices to be set by market prices, and with total sales volume expected to no more than 3,000 mt (metal volume). Total sales revenue will be approximately RMB 61.75 million based on average selling prices in January and February 2010 at RMB 20,583/mt (including tax, delivery in Shanghai).
(Edited by SMM)