2015年5月19日星期二

Sinosteel subsidiary signed a $ 326 million contract

SINOSTEEL CORPORATON (000928) announcement on May 17,2015, the company recently wholly owned subsidiary of Steel Equipment Co., Ltd. signed a contract two outside, a total amount of about $ 326 million.

Steel Equipment co., LTD with Russian company signed the contract about the electrolytic manganese project. The project involves construction mining with 750000 tons of manganese mines, an annual output of 350000 tons of manganese ore concentrate concentrator, a 99.8% of annual output of 80000 tons of electrolytic manganese metal factory, contain the necessary infrastructure, roads and railways, contract amount of 4.62 billion yuan, for 41.77% of the company's operating income of 11.061 billion yuan in 2014.

Among them, the Steel Equipment Co., Ltd. and Indonesian company PT DINASTY BAJA MAKMUR signed an annual 1.5 million tons of hot-rolled plant turnkey project contract, the contract worth about $ 116 million, or about 720 million yuan, with the Republic of Malawi, HE POWER LIMITED The company signed a 41MW hydropower project EPC contract, the contract worth about $ 210 million, or about 1.304 billion yuan.

These two contract amount accounted company in 2014 total revenue of 11.061 billion yuan of 6.51%, 11.79%.

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