Luoyang Molybdenum Industry and Jinxin establish Strategic Partnership to further strengthen Cooperation in Mining

A few days ago, Luoyang Molybdenum Industry and Jinxin Mining Management Co., Ltd. (Jinxin Co., Ltd.) held a strategic cooperation signing ceremony in Shanghai Hongshang Building, headquarters of Luoyang Molybdenum Industry. Wang Hanyuan, vice president of Luoyang molybdenum industry, and Ye Pingxian, vice president of Jinxin Co., Ltd. Sun Ruiwen, president of Luoyang molybdenum industry, Wang Xiancheng, party committee secretary and chairman of Jincheng Group, and Peng Huaisheng, president of Jincheng Group, witnessed the signing of the contract.

Luoyang Molybdenum North Parks Copper and Gold Mine in Australia uses the world's leading underground caving mining method, and is currently carrying out long-term mine planning and technical upgrading, and is in urgent need of professional underground mining technical service providers to provide guidance in order to maximize the development and utilization of resources. Jinxin's professional advantages in underground mine construction services and mining operations are highly in line with the willingness of both sides to cooperate. The two sides indicated that they would take the feasibility research optimization consultation of the North Parks Project as the starting point for cooperation and further strengthen cooperation in related fields.

According to the agreement, the two sides will establish a long-term and stable strategic partnership and communication mechanism, and will actively cooperate in overseas mine construction and mining operations, technical consulting and technical services, trade in mineral products, and mergers and acquisitions of overseas projects. in a positive response to the national "Belt and Road Initiative" initiative, the two sides will complement each other and achieve common development.

Luoyang Molybdenum Industry is an international company in the mining and dressing industry of non-ferrous metals, mainly engaged in mining and processing business and mineral trading business such as mining, dressing and smelting of basic and rare metals. At present, its main business is distributed in Asia, Africa, South America, Oceania and Europe. It is a leading producer of tungsten, cobalt, niobium and molybdenum in the world and an important copper producer, as well as a leading producer of phosphate fertilizer in Brazil. The trading business of basic metals is in the forefront of the world.

Jinxin is one of the highly focused mine development service enterprises in the industry, and continues to provide professional value-added services for many first-class mining companies at home and abroad. Jin Chengxin has cultivated the overseas market for nearly 20 years, and has accumulated rich experience in overseas engineering design, mine construction and mining operation by undertaking many overseas projects, and has tempered a high-quality, professional and international team. At the same time, with the steady progress of the strategy of "two markets and five plates", it has been formed to take mine development services and resource development as "two wheels". The whole industry chain collectivized mining enterprises are supplemented by the coordinated development of machinery and equipment, scientific and technological innovation and trade plates.