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JCHX Signs Mining Services Deal With Guizhou Kailin

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JCHX Mining Management (SHA:603979) agreed to undertake mining services for Guizhou Kailin Group's phase I deep phosphate ore mining project, according to a Shanghai bourse filing on Friday.

The project is located in the Yangshui Mining Area, Kaiyang County, Guizhou Province, China and it covers Section II (Zone II).

The contract includes construction works estimated at 202.2 million yuan and another construction works estimated at 157.9 million yuan, which will develop infrastructure and stope preparation.

The contract is valid for 599 days.

The mining company's shares rose 1% during the afternoon trade.

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