BEIJING, Dec. 14 (Xinhua) -- China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC, 000758.SZ) announced on late Monday that it has recently signed a facility and material supply contract with the Indonesian company, PT AMMAN MINERAL INDUSTRI.
According to a filing to the Shenzhen Stock Exchange, the contract is valued at about 554 million U.S. dollars and will last for 34 months after the construction commencement of a copper smelting project launched by the Indonesian company.
It is learned that the Indonesian company plans to build a smelter with an annual capacity of handling 900,000 metric tons (tonnes) of copper concentrate.
In 2020, the NFC achieved a revenue of about 6.79 billion yuan (about 1.07 billion U.S. dollars). (Edited by Zhang Jian, Hu Pingchao with Xinhua Silk Road, firstname.lastname@example.org)