A Hunan key enterprise for Africa trade · 80 of 118 staff hired locally in Africa
Call us: +86 731 8876 6661
中文 / English
At 10 a.m. on December 4, 2024, Hunan Jin'ang Overseas Investment Co., Ltd. ('Jin'ang Overseas Investment') received senior representatives from the Hunan Company of the General Contracting Company of China Construction Fifth Engineering Bureau Co., Ltd. ('CCFEB Hunan Company'), and the two sides held in-depth exchanges and cooperation discussions on the construction of the China-Mozambique Mining Cooperation Demonstration Zone.
Founded in 1965, CCFEB is a wholly owned backbone enterprise of China State Construction Engineering Corporation, a Fortune Global 500 company. With building construction, infrastructure construction, investment and real estate development as its main businesses, it has grown into a modern investment and construction group that is 'investor, builder and operator in one, with first-class quality'.
As a central enterprise, CCFEB follows the national strategy and has aided the construction of many key projects in Africa, including the National Road No.1 project in the Republic of the Congo, the North-South Expressway project in Algeria, the Abidjan Fourth Bridge project in Côte d'Ivoire, the KS-73KM road upgrade project in Uganda, and the Central Business District project of Egypt's new administrative capital. Its business in Africa is highly aligned with Jin'ang Overseas Investment's strategy.
Aerial view of the Central Business District of Egypt's new administrative capital
2 The Grand Blueprint of the China-Mozambique Mining Cooperation Demonstration Zone
Jin'ang Overseas Investment focused on introducing the China-Mozambique Mining Cooperation Demonstration Zone, hoping to build it into a key project of the two countries. Located in Zambezia Province, Mozambique, the demonstration zone covers a total area of 60 square kilometers with a planned total investment of about RMB 3.5 billion; the Central South Institute has now completed the zone's Planning Report.
At the same time, Jin'ang Overseas Investment holds 4 mining rights in Mozambique covering 172 square kilometers, mainly involving gold, lithium, copper, zinc, antimony and tantalum-niobium ore, with total mine reserves worth about RMB 20 billion, which will attract many upstream and downstream enterprises from around the world to establish operations in the China-Mozambique Mining Cooperation Demonstration Zone.
The China-Mozambique Mining Cooperation Demonstration Zone is built in four phases in total, and the two sides focused on in-depth discussion of phase one, which is expected to require an investment of RMB 400-500 million, focusing on infrastructure such as transport, power supply and water supply as well as the commissioning of the mineral beneficiation and smelting center.
At present, the land procedures for the China-Mozambique Mining Cooperation Demonstration Zone are complete, compensation for standing crops and relocation of local farming households has begun, and the relevant procedures are being processed, with phase one construction expected to start in 2025.
Once completed, the China-Mozambique Mining Cooperation Demonstration Zone will cover eight major segments: a mineral beneficiation and smelting center, a trading center, an inspection and testing center, a warehousing and logistics center, an equipment manufacturing center, an exhibition center, a mine visualization and smart management center, and a living service area. It is expected to bring more than 10,000 local jobs and considerable tax revenue to the local government.
CCFEB Hunan Company proposed the EPC+F model, in which the contractor arranges part of the project financing for the owner, or assists the owner in obtaining financing to start the project. This model retains the basic features of the EPC model while deriving a 'financing' function on that basis, and with recommendations from allies aligned with Jin'ang Overseas Investment's strategic development plan, it achieves a strong-strong alliance, providing new ideas and solutions for the China-Mozambique Mining Cooperation Demonstration Zone project.
Through this in-depth meeting and mutual understanding, CCFEB Hunan Company highly affirmed the China-Mozambique Mining Cooperation Demonstration Zone project, which gave Jin'ang Overseas Investment more confidence and motivation. Jin'ang Overseas Investment's African vision is to cooperate with more like-minded strategic partners, inject new momentum into the construction of the China-Mozambique Mining Cooperation Demonstration Zone and push China-Africa mining cooperation to new heights.
© 金昂控股集团 · 转载请注明来源 https://www.jinanggroup.com/en/news/gzh59.html
