Time: 2065438+August 28th, 2002 18:54:20 Cai Zhong. com
A-share abbreviation: China MCC.
A-share code: 60 16 18
AnnouncementNo.: Pro 20 12-028
China metallurgy technology co., ltd
Announcement on the progress of major projects
China Metallurgical Science and Industry Corporation (hereinafter referred to as "the Company", "the Company" or "China MCC")
The board of directors and all directors guarantee that there are no false records, misleading statements or major issues left over in the contents of this announcement.
Leakage, and bear individual and joint responsibility for the authenticity, accuracy and completeness of its contents.
In the 20 1 1 annual report, the company disclosed MCC Western Australia Mining Co., Ltd. (hereinafter referred to as "China"
Regarding the SINO iron ore project in Western Australia, the progress of the project is as follows:
I. Basic information of the project
In August 2007, China Metallurgical Industry Group Co., Ltd. ("MCC") and CITIC Pacific.
The affiliated company Sinoiron Pty Ltd (the project owner) signed the agreement of Sinoiron Mine Project in Western Australia.
On the premise of using China technology, China equipment and China labor force, the total contract amount is $654.38+$75 million.
The contractual rights and obligations of MCC under this agreement after the parties to this agreement unanimously agree and sign the supplementary agreement.
This change is enjoyed and undertaken by MCC Western Australia, a subsidiary of the Company. The project began in April 2009, by
CITIC Pacific has made many adjustments to the process plan and both parties' forecasts on Australian laws, standards and exchange rate fluctuations.
Due to insufficient calculation and other reasons, since the second half of 2009, the two sides have been negotiating to adjust the total package price, and on 20 10.
Supplementary Agreement II was signed on May 1 1 2008, with an increase of USD 835 million, and was signed on February 30, 2065.
Signed Supplementary Agreement III, increasing the contract amount by 822 million US dollars. So far, the contract amount of this project has been increased.
It reached $3.407 billion.
Second, the progress of the project
According to the project determined with the owner, the estimated total cost of the project has not changed significantly in the first half of 20 12.
The project * * * manages the operation of the joint mechanism, and the new fee of 20 12 has been approved by the owner. As of 20 12 6
1October 30th, the cumulative project cost of SINO Iron Mine Project in Western Australia exceeded the contract amount currently recognized by the owner.
The amount (US$ 3.407 billion) is RMB 3.025 billion. The company believes that China MCC and China.
Xintaifu has established a good communication and coordination mechanism for the SINO iron ore project in Western Australia, and the project cost is a problem.
Will be reasonably resolved, the contract costs incurred under the contract and the expected contract costs.
The cost is expected to be recovered.
Since 20 12, due to force majeure factors such as three hurricanes at the project site; Used to transport materials
Multi-batch shipment delay, of which the longest delay of a single batch is 38 days; And subject to Australian laws and work habits.
The first production line of the project can't be planned because it is difficult to carry out effective measures in China.
2012 August 3 1 put into production.
As of July 3 1 20 12, the first production line has been completed by 93.2%, and the second production line has been produced.
The production line has been completed by 82. 1%, and the first and second production lines have been fully completed by 90.6%.
The company and CITIC Pacific will work together to put into production as soon as possible. The company will continue to grow.
On-site management of SINO iron mine project in Western Australia, strictly control the cost, and constantly improve the level of refined management.
On the premise of ensuring the necessary conditions for construction, accelerate the progress of project construction and realize the project objectives as soon as possible.
It is hereby announced.
Board of Directors of China Metallurgical Science and Technology Group Company
August 27, 1965 438+02