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Signing Ceremony of Cooperation Memorandum of China Minmetals Caofeidian International Ore Trading Center Project was held in Caofeidian 2018-07-20

On July 16, the signing ceremony of cooperation memorandum of Caofeidian District People's Government and China Minmetals Caofeidian International Ore Trading Center project was held in the Caofeidian Real Estate Building. Sun Guishi, member of the Standing Committee of Tangshan Municipal Party Committee and Secretary of Caofeidian District Party Committee, attended the signing ceremony and delivered a speech. Liu Qingchun, Chairman of Minmetals Development Co., Ltd. attended the signing ceremony.

In his speech, Sun Guishi said that since China Minmetals Caofeidian International Ore Trading Center project was signed on November 3, 2017, and a memorandum of cooperation was signed today, the project has made substantial progress, the prospects for cooperation between the two sides are bright and well established, and the determination to operate is more determined. Next, he hoped that Minmetals will speed up the construction of the project, and at the same time, the international import iron ore futures center would be forced to fall to Caofeidian, and the North China trading index would be taken down; it was necessary to actively explore the domestic sales market while exploring the international supply market. He hoped that everyone would look forward to the future, and all parties would form a joint force. From now on, they would enter a state of decisive battle, speed up the project to start construction, achieve operational efficiency, and jointly write a new chapter of pragmatic cooperation and win-win development in the new era.

Liu Qinghui said that with the strong support of Caofeidian District Committee and the district’s government, the joint efforts of the partners had pushed China Minmetals Caofeidian International Ore Trading Center project to an important node. With the signing of the cooperation memorandum, the preliminary work of the project had been basically completed. At present, Minmetals had reached a supply agreement with the world's four major ore giants. Minmetals Group would also increase its investment in manpower and financial resources. He expressed his hope that with the support and promotion of the central, provincial, municipal and district governments, they are determined and confident to build the project and move towards the goal of building a billion-ton international iron ore trading center.

During their visit in Caofeidian, the board of directors of China Minmetals Corporation visited the planning exhibition hall of Caofeidian, inspected the project site of MCC Ruimu New Energy Technology Co., Ltd., Caofeidian Port Ore Terminal Phase III, and Caofeidian International Ore Trading Center project, and listened to the reports of relevant information.