Project agreements signed with planned total investment of $3.68b

The centralized signing ceremony of Guiyang Mineral Energy Investment Group – a State-owned enterprise in Guiyang – was held in Guiyang on May 10. The signing ceremony involved 99 investment projects in the fields of minerals and energy, with a planned total investment of 24.9 billion yuan ($3.68 billion).

The group is expected to be established at the beginning of the year by the municipal government in order to deepen the reform of State-owned enterprises.

The group focuses on mineral development as the leading industry and energy development as the characteristic industry, and strives to become an investment-oriented leading enterprise with substantial high-quality development in the field of mineral energy.

On the day of the signing, the group reached cooperation agreements with 10 financial institutions including China Development Bank Guizhou Branch, 10 mineral processing companies including Guizhou Branch of Aluminum Corporation of China, 10 energy development companies including China Three Gorges Corporation Guizhou Branch, 10 companies in the construction field including Sinohydro Bureau 9 Co, as well as 10 universities and scientific research institutions including China University of Mining and Technology.

The signed projects involve multiple industries related to minerals and energy, including industrial chain projects and supply chain projects.

In addition, on the same day, the University-Enterprise Industry-University-Research Base and Student Practice Base – jointly built by the group and the School of Mines of Guizhou University – were unveiled.