28.03.2013 | EHMP a major project in the "go out" strategy of Chongqing

A workshop on the reform and development of Chongqing Iron and Steel (Group) Company (CISC)was held on 21st March, 2013 by the Chongqing Government in which it was outlined that the Asia Iron Australia Extension Hill Magnetite Project was a key element in overcoming the resource security challenge in the future development of CISC. 

Workshop delegates discussed the current status and issues facing the project and the requirements for the project to proceed.

“Mr Ma emphasised that, the Australian Iron Ore Project (Project) by CISC is a major project in the “go out” strategy implemented by Chongqing Government, and it will completely overcome the resource security challenge in the future development of CISC. As to the current financing difficulties in the Project development, and the standstill due to funding may result in possibly losing the ensurance of water, power and port, the relevant agencies of Chongqing Government , together with CISC, must focus on the Project proceeding and ensure the Project be early constructed and put into operation and make profit.” 

A translation of an extract from the workshop report was sourced from CISC.

To view the extract Click Here

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