National Power Investment Aluminum and Power Co., Ltd. and COSCO Shipping bulk Shipping Company held the signing ceremony of the Guinea project.

Published: Oct 16, 2020 09:01
Source: National Diantou Aluminum Power Co., Ltd.

SMM: October 15, the State Power Investment Aluminum Power Co., Ltd. and COSCO Marine bulk Transportation Co., Ltd. held the signing ceremony of the State Power Investment Guinean Aluminum Development Project in Guangzhou Marine Mansion. Liu Feng, secretary of the party committee and chairman of the company, and Gu Jinsong, chairman and general manager of COSCO bulk Shipping Co., Ltd., attended the signing ceremony and witnessed the signing. Zhao Mingjie, deputy general manager of the company, and Chen Yan, deputy general manager of COSCO Marine bulk Transportation Co., signed the contract on behalf of both sides.

During the talks before the signing ceremony, Liu Feng introduced the overall development of the State Power Investment Aluminum and Power Company and the construction and planning of the project in Guinea, reviewed the course of negotiation and cooperation of friendship and trust between the two sides over the past year, and expressed gratitude to Cosco for their strong support and full trust. I hope that the two sides will take this cooperation as a starting point to give full play to their respective main business advantages, increase resource sharing, and strengthen synergy advantages. We will deepen cooperation and mutual trust, promote omni-directional, deep and strategic cooperation between the two sides in international development, industrial layout, market coordination, and the integration of industrial chain resources, so as to achieve win-win development. we will strive to turn the cooperation and development of the two sides into a model of strong cooperation among central enterprises.

Gu Jinsong extended a warm welcome to Liu Feng and his party, thanked Aluminium and Power Company for its support and trust, introduced the business development of COSCO bulk Shipping Company, and hoped that the two sides would further deepen cooperation and enhance synergy. Consolidate and deepen the achievements of high mutual trust and good cooperation between the two sides, achieve mutual benefit and promote the two sides to achieve high-quality development.

Relevant responsible comrades of Aluminium Power Company Office and Aluminium Power Jinhai Company attended the signing ceremony and talks.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
22 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
22 hours ago