en.Wedoany.com Reported - Tongguan Mine Construction Co., Ltd. (Stock Code: 920019, referred to as "Tongguan Mine Construction"), a wholly-owned subsidiary of Tongling Nonferrous Metals Group, recently signed the "Chambishi Copper Mine Southeast Orebody 2026-2027 Outsourced Mining and Tunneling Contract" with CNMC Africa Mining Co., Ltd. The contract amount is tentatively set at $92 million (excluding VAT), covering the period from July 1, 2026, to December 31, 2027.

Headquartered in Tongling City, Anhui Province, Tongguan Mine Construction is a professional mining construction company under Tongling Nonferrous Metals Group. The counterparty, CNMC Africa Mining Co., Ltd., was established in March 1998 with a registered capital of $9 million. Its actual controller is the State-owned Assets Supervision and Administration Commission of the State Council, and it is primarily engaged in non-ferrous metal ore exploration, mining, smelting, processing, and mineral product trading.

Tongguan Mine Construction stated that the execution of this contract will not affect the company's business independence, and its main operations do not rely on the counterparty. The signing of this contract is expected to positively impact the company's operating performance, market expansion, and brand effect, further strengthening its competitiveness in the overseas mining engineering sector. The announcement also highlighted potential risks: the mining development service industry is highly hazardous, with complex underground working environments that may face equipment failures, roof falls, rib spalling, water inrush, and other sudden hazards, as well as external factors such as force majeure, all of which could delay or terminate project progress.

The signing of this contract marks new progress in Tongguan Mine Construction's business expansion in the Zambian market.