Chinese-funded enterprise signs contract for iron ore sands mining project in Papua Province, Indonesia

Published: May 16, 2025 10:23

Save

CCCC First Harbor Engineering Co., Ltd. (a key enterprise under China Communications Construction Group) has reached a strategic cooperation agreement with Henan Yuzi Sansheng Energy Industrial Co., Ltd., officially signing a cooperation agreement for the iron ore sand mining project in Papua Province, Indonesia. The iron ore sand mining project in Papua Province, Indonesia, is located in the Kipia Maparpa area of Mimika City, covering a mining area of 32 square kilometers. It is estimated to have iron ore sand reserves of 80 million cubic meters, with a mineable period of 10 years and an annual production capacity of 10 million mt. The project will be developed in three phases, with an initial annual capacity of 2.2 million mt and a final target of 10 million mt per year. It involves mining, ore beneficiation, wharf construction, and barge transportation, with a total investment exceeding $88 million. As a large-scale iron ore sand mining project, CCCC First Harbor Engineering Co., Ltd. will leverage its advantages in large-scale infrastructure, general engineering contracting, and entire industry chain coordination, while Henan Yuzi Sansheng Energy Industrial Co., Ltd. will provide support for resource development and capital operation. Through resource sharing and complementary advantages, both parties will establish a new cooperation model for overseas mining development.

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

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41