en.Wedoany.com Reported - JCHX Mining Management Co., Ltd. (hereinafter referred to as JCHX), a Chinese mining development service enterprise, announced on the evening of May 27 that the company recently signed the "Underground 8000t Project Mining Operations 2026 Annual Contract" with Jiangxi Copper Group Yinshan Mining Co., Ltd. The estimated contract value is approximately RMB 111 million. The signing location is in Jiangxi, China, with Yinshan Mining as the contract principal.

The contract service scope covers the entire process of underground mine mining operations, including drilling, blasting, ventilation and drainage, secondary blasting, ore loading and transportation, support for unstable areas, backfilling of mined-out areas, and construction of water filtration retaining walls. It also involves development, cutting works, and other operational tasks commissioned by the contract issuer. The project area covers all underground operation zones of Yinshan Mining. The contract term is from January 1, 2026, to December 31, 2026.

This contract adopts a unit price contract model, with the final settlement amount determined based on the actual accepted workload. JCHX stated that there is no related-party relationship between the two parties, and the contract pricing follows market principles, with no circumstances that would harm the interests of the listed company and its shareholders. This contract is classified as a routine operating contract.

JCHX cautioned that due to the long contract performance period, it may be affected by factors such as market conditions, policy changes, force majeure, and mining industry safety production, posing risks of project progress falling short of expectations or performance risks. The execution of the contract is expected to have a positive impact on the company's future operating performance.

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