Jchx Mining Management Co.Ltd(603979) it is proposed to invest 976 million yuan in the construction of phosphate rock mining project in Liangchahe ore section, with an estimated revenue of 315 million yuan

Jchx Mining Management Co.Ltd(603979) on February 21, it was announced that according to the development needs of the company’s mine resource development business, Guizhou Liangchahe Mining Development Co., Ltd., its holding subsidiary, made a preliminary design for the follow-up construction and development of phosphate rock in Liangchahe ore section (south section), and plans to invest 976196800 yuan for the construction of Liangchahe phosphate rock mining project. The investment scope includes geological engineering, mining engineering, haozhiba intake shaft industrial site, shihuaping industrial site, shiguanyin industrial site, filling station industrial site, office and living area and external engineering.

The announcement shows that the name of the proposed project is: 800000 T / a phosphate rock mining project in Liangchahe ore section (south section) of Yangshui mining area, Kaiyang County, Guizhou Province. The preliminary design period of the project is 21 years (including the construction period), the construction period of the southern mining area is 1 year and the production period is 20 years; The construction period of the northern mining area is 3 years and the production period is 18 years. The overall production scale of the mine is 800000 T / a (242424 T / D). According to the calculation, the estimated operating income of the project is 314722400 yuan, the average annual total profit of the project is about 85.9638 million yuan, and the estimated net profit is about 64.4729 million yuan. At the discount rate of 8%, the after tax financial net present value of the project is 133.7665 million yuan, the after tax financial internal rate of return is 10.27%, and the after tax investment payback period is 9.77a (including the construction period).

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