China Aluminum International Engineering Corporation (02068) signed a mining operation and maintenance contract with Xinfu Limited for the Simandou iron ore mine in Guinea, involving approximately 267 million US dollars.

date
24/06/2025
avatar
GMT Eight
Aluminum Corporation of China International (02068) announced that on March 31, 2025, the company won the bid for the Simf project in West Manga Due, Guinea.
China Aluminum International Engineering Corporation (02068) announced that on March 31, 2025, the company won the bid for the mining operation and maintenance project in the Simfer mining area of the West Mangudu project in Guinea. On June 24, 2025, the company signed the aforementioned mining operation and maintenance contract for the West Mangudu iron ore mine in Guinea with Simfer S.A. The total contract amount is approximately 267 million US dollars, equivalent to about 1.913 billion Chinese yuan (calculated at the exchange rate of 7.1656 announced by the People's Bank of China on June 24, 2025).