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JCHX Mining Wins 300 Million Yuan Phosphate Mine Contract; Shares Down 4%

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JCHX Mining Management (SHA:603979) agreed to undertake mine construction works for the Majiazhuang Phosphate Mine project in Zhijin County, Guizhou Province, China, with an estimated contract value of 300 million yuan, according to a Wednesday disclosure on the Shanghai bourse.

The mine has an annual capacity of 2 million tons.

The construction period will run for 769 days, from Aug. 20, 2026, to Sept. 26, 2028, with the actual start date subject to the owner's notice.

Zhijin Youshan Phosphorus Industry is the owner of the project.

The mining company's shares dropped 4% during the midday trade.

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