On January 15, 2021, the cooperation agreement of a copper mine project in the DRC was signed between JCHX and ERG during JCHX’s 2021 annual meeting.
The signing ceremony was hosted by Dr. Peng Huaisheng, President of JCHX Group, with the attendance of Mr. Wang Xiancheng, Chairman of JCHX Group, and all other senior management of JCHX, and witnessed by Mr. Benedikt Sobotka, CEO of ERG, through video conference. The agreement was signed by Mr. Wang Qinghai, Chairman of JCHX Mining and Mr. Wang Yun, General Manager of China region of ERG. Based on the agreement, JCHX will acquire 100% of the shares of Sky Pearl Exploration Limited (in short “Sky Pearl”) from ERG, so as to acquire 1 exploitation permit and 7 exploration permits of a copper mine in the DRC, which is owned by Sabwe Mining Sarl (in short “Sabwe”), a wholly-owned affiliate of Sky Pearl.
Luxemburg-based ERG is a diversified natural resources group in mining, processing, energy, logistics and marketing, with its businesses spreading across Kazakhstan, China, Russia, Brazil, the DRC in Africa, Zambia, Mozambique and South Africa. A long-term and friendly cooperation relationship has been maintained between ERG and Chinese companies.
Before the signing, Mr. Benedikt Sobotka and Mr. Wang Xiancheng delivered a speech respectively.
Mr. Benedikt firstly gave a brief introduction of ERG and the exchanges between ERG and JCHX. He stated that both parties have their own projects in the DRC, which presents them an opportunity to achieve a mutually beneficial cooperation and create values based on their respective advantages. As the first formal cooperation between ERG and JCHX, the agreement is significant for ERG to integrate its resources in Africa and will proactively promote the cooperation relationship between ERG and Chinese businesses in mine sector.
Then Mr. Wang in his speech firstly extended his gratitude to ERG for their trust and support, and to ERG project team and its team in China for the great efforts they have made. Mr. Wang expressed that the day is meaningful for JCHX because the agreement was going to be formally signed during its 2021 annual meeting. The signing indicates that JCHX has made historic progresses in resources development. Based on mutual learning and win-win cooperation, JCHX will strive to build a new cooperation platform and make full use of its experience and advantages in mine development. There is no doubt that in accordance with all-round cooperation and exchanges, the cooperation between ERG and JCHX will be boosted to a new level.
Mr. Wang also stated that JCHX will seize the opportunity and actively explore the development model featuring “providing mining service and developing resources”. While making stable progresses in the main business, JCHX will make continuous efforts to acquire and operate high-quality mines, so as to take over the past and set a course for the future,and achieve a better development.
After the signing, representatives of both parties raised their glasses to wish the cooperation a complete success.