December 4, Sinoma International announced that its wholly-owned company, Yanzhou Sinoma Construction and Tianjin Cement Industry Design and Research Institute, had formed a contracting consortium and signed a 2.7 billion yuan PC general contract with Jinshan Investment in Jilin Province for the mining and dressing project of Dashihe Molybdenum Mine. The project is located in Dunhua, Jilin. The comprehensive processing capacity of molybdenum ore mining and dressing reaches 15000t/d, covering equipment procurement, construction, etc. The total construction period of the contract is 18 months (15 months for construction and 3 months for trial production). In addition, the adjustment mechanism of winter construction cost and the price of steel, commercial concrete and other materials is also agreed.
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