US-based SW Company visited the National People's Congress to discuss cooperation on a copper mining project.
Time:
2007-03-14 02:18
From March 11th to 13th, Shang Jun, president of SW Investment Co., Ltd., USA, visited Guoda Company for an inspection. Both parties held friendly talks regarding the cooperative development of copper mines in the meeting hall of Jincheng Hotel, reaching a consensus and signing a letter of intent for project cooperation. Zhang Haibo, Standing Committee member of the Zhaoyuan Municipal Committee and Deputy Mayor, attended the signing ceremony.
To further accelerate the development of overseas resources, in January 2007, under the unified organization of the Zhaoyuan Municipal Government, an inspection team led by Xu Yongxiang, president of Guoda Company, including Wang Qihong, president of Shandong Sixth Geological and Mineral Exploration Institute, Cui Shuxue, vice president, and Teng Zhanjie, director of Zhaoyuan Foreign Economic and Trade Bureau, went to the United States for a 14-day on-site inspection of the copper mine owned by SW Investment Co., Ltd. in Southern California. During the inspection, both parties reached a consensus on the joint development of copper resources and signed a memorandum of cooperation.
After the inspection, based on the results, the Shandong Sixth Geological and Mineral Exploration Institute issued an authoritative report on the resource potential of the mine, indicating that the average grade of gold, silver, and copper in the mine is far greater than the industrial grade, with the possibility of becoming a silver, gold, and copper symbiotic deposit, making it a copper mine with great exploration value.
After numerous in-depth communications and discussions, both parties agreed that the project partners would be Shandong Zhaoking Group Co., Ltd., Shandong Guoda Gold Co., Ltd., Shandong Sixth Geological and Mineral Exploration Institute, and SW Investment Co., Ltd., USA. Both parties agreed that the Shandong Sixth Geological Exploration Institute has exploration advantages, Shandong Zhaoking Group Co., Ltd. has mining and selection advantages, Shandong Guoda Gold Co., Ltd. has smelting advantages, and SW Investment Co., Ltd., USA has resource advantages. The four-party cooperation achieves a complete industrial chain from exploration to mining, selection, and smelting, truly reflecting the combination of strengths, complementary advantages, and benefiting the win-win development of all parties.
As jointly agreed, Zhaoyuan City and SW Investment Co., Ltd., USA will each establish a project working group to coordinate and promote the project. In addition, the Zhaoyuan City project working group will also organize a group to visit the United States in May to conduct feasibility studies on matters such as the mining area, laws, and policies, to accelerate the smooth progress of project cooperation.
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