CHINAVTM MINING's subsidiary has entered into a construction contract worth HKD 34 million for mine upgrade and expansion
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CHINAVTM MINING announced that its wholly-owned subsidiary Aba Mining has signed a construction contract worth 34 million yuan with Zhejiang Zhongxiang Construction Group, which is scheduled to be completed by September 30, 2025. The contract aims to upgrade and expand the mining site, and is expected to increase the annual production capacity of the Maoling - Yanglongshan Iron Mine by 30% to 40%, enhance economies of scale, and reduce production costs
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