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Zhangjiajie City Government Signed with Hunan Corun to Exploit Molybdenum Nickel Resources

2008/8/12

Nickel and molybdenum mineral resources exporting agreement was signed by Hunan Corun new materials company and Zhang Jiajie government at the Lantian Hotel on 12th, August, 2008. It is marked that Zhangjiajie city take advantage of source to absorb strategy cooperation and made a significant progress. President of Hunan Corun New Energy Co., LTD, Dr. Zhong and Mr. Zhao Xiaoming, Zhang Jiajie city mayor, witness the signed ceremony. Representative of both sides, the chief investment officer of Hunan Corun, Mr. Luo Tao and Mr. Zhao Xiaoming, Zhang Jiajie Vice mayor Mr. Ge Ling have signed the agreement.

The storage of Zhang Jiajie nickel and molybdenum mineral resources is No. 1 in Hunan province.  However, due to the exploitation of small enterprises, Intensive products with limited processing capacity, failed to give full play to the mineral resources which should  have economic and social benefits. In order to speed up new type industrialization and to improve utilization capability, Zhangjiajie government contacted and discussed many times with Hunan Corun New Energy CO., LTD- Nickel products deep processing enterprises in Hunan province, finally, Both of sides reaches consensus of Nickel molybdenum resource exploit. Corun specially exploit to nickel in the depth of product development growing. The marketing share rising and sale accomplished new height. At the same time, it need a large number of basic resource consumptions. As the cooperation between the two sides is very complementary to each other, so based on each other's advantages, mutual benefit and common development, successfully reached the framework agreement of molybdenum nickel resources exploit with the city of Zhangjiajie city.


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