According to a report on September 2nd, on September 1st, China National Metallurgical Industry Co., Ltd. Chairman Tian Liang told MCC's interim results announcement that MCC's future development center will shift to a non-metallurgical market, focusing on equipment manufacturing, resource development and real estate development. .
The China Metallurgical semi-annual report released on the evening of August 30 showed that MCC's first-half results were lower than expected. In the first half of 2010, China Metallurgical Corporation achieved revenue of RMB 106.2 billion, a year-on-year increase of 19.2%. Its growth mainly benefited from the 47.0% increase in revenue from equipment manufacturing business and a substantial increase of 56.0% in resource development sector revenue.
The ambitions of MCC's expansion in the real estate sector have also been fully revealed. According to Tian Liang, the China Metallurgical Target has become the largest central state-owned enterprise in the real estate sector in China and its focus will be on the protection of the housing sector. China Metallurgical Co., Ltd. has secured 79.95 million square meters of affordable housing this year, and the total planned building area of ​​the project is 30.623 million square meters.
According to the China Metallurgical Mid-term Report, in the field of resource development, MCC's Baxin Ruimu nickel-cobalt mine and other overseas mining projects have steadily advanced, with 3,751 tons of polysilicon production, an increase of 134.6% year-on-year.
At the meeting, Vice President of China Metallurgical Co., Ltd. Li Shizhao also disclosed for the first time the progress of the MCC's copper mine project in Afghanistan. It is expected that the shortest time for excavation of cultural relics on this plot will be completed within the next 9 months.
The Aonak copper mine with a total resource of 667 million tons was started in Afghanistan on July 9, 2009. The project was jointly developed by China Metallurgical and Jiangxi Copper in China. In August this year, the progress of this project suddenly encountered obstacles because of the discovery in the mining area of ​​a religious site dating back to the 7th century BC, including a monastery and a number of dome stupas.
There have been French archaeological claims that the newly discovered sites are so large that it takes at least 10 years for archeological work, which means that the copper mine project will not be developed within 10 years. The commitment of Li Shiyi greatly reduced the downtime by 9 years.
In addition, the Ainak copper mine also faces a more thorny issue than archeology, which is the demolition of residents in the area.
“There are many residents in the area and the situation is complex. The difficulty of demolition is no less than in China,†said Li Shizhen. He predicted that the demolition project will take at least one year to complete.
He finally stated that it was estimated that the Aynak copper mine could be mined at the end of 2014 and that the copper mine was of high quality with a maximum taste of 3.14% and an average taste of 1.76%.
In the area of ​​polysilicon, MCC has adopted a strategy of expanding against the market. In the first half of the year, MCC produced 3,751 tons of polysilicon, an increase of 134.5% over the same period of last year. According to Li Shiying, the new 5,000-ton project has already been put into production, which has also increased the production capacity to 10,000 tons. It is expected that MCC's polysilicon production will reach 8,000 tons in 2011. about. At present, preparations have been made to add 20,000 tons of production capacity.
“The time for MCC to choose to expand polysilicon should be better, because it is just at the low end of the polysilicon industry, and I expect the market will usher in the peak next year, and then the expansion of production capacity can be absorbed.†Investment Research Advisor Li Shengmao Told reporters.
According to Tianliang, MCC currently manufactures polysilicon at a cost of US$35/kg, with an annual output of 12,000 tons. Li Shengmao introduced that this cost is not at the advanced level in China. At present, the domestic PV leader GCL-Poly costs up to US$21/kg, and Seville LED can reach US$25/kg. However, the cost of MCC is slightly better than the average price of 40 US dollars/kg in the industry.
The China Metallurgical semi-annual report released on the evening of August 30 showed that MCC's first-half results were lower than expected. In the first half of 2010, China Metallurgical Corporation achieved revenue of RMB 106.2 billion, a year-on-year increase of 19.2%. Its growth mainly benefited from the 47.0% increase in revenue from equipment manufacturing business and a substantial increase of 56.0% in resource development sector revenue.
The ambitions of MCC's expansion in the real estate sector have also been fully revealed. According to Tian Liang, the China Metallurgical Target has become the largest central state-owned enterprise in the real estate sector in China and its focus will be on the protection of the housing sector. China Metallurgical Co., Ltd. has secured 79.95 million square meters of affordable housing this year, and the total planned building area of ​​the project is 30.623 million square meters.
According to the China Metallurgical Mid-term Report, in the field of resource development, MCC's Baxin Ruimu nickel-cobalt mine and other overseas mining projects have steadily advanced, with 3,751 tons of polysilicon production, an increase of 134.6% year-on-year.
At the meeting, Vice President of China Metallurgical Co., Ltd. Li Shizhao also disclosed for the first time the progress of the MCC's copper mine project in Afghanistan. It is expected that the shortest time for excavation of cultural relics on this plot will be completed within the next 9 months.
The Aonak copper mine with a total resource of 667 million tons was started in Afghanistan on July 9, 2009. The project was jointly developed by China Metallurgical and Jiangxi Copper in China. In August this year, the progress of this project suddenly encountered obstacles because of the discovery in the mining area of ​​a religious site dating back to the 7th century BC, including a monastery and a number of dome stupas.
There have been French archaeological claims that the newly discovered sites are so large that it takes at least 10 years for archeological work, which means that the copper mine project will not be developed within 10 years. The commitment of Li Shiyi greatly reduced the downtime by 9 years.
In addition, the Ainak copper mine also faces a more thorny issue than archeology, which is the demolition of residents in the area.
“There are many residents in the area and the situation is complex. The difficulty of demolition is no less than in China,†said Li Shizhen. He predicted that the demolition project will take at least one year to complete.
He finally stated that it was estimated that the Aynak copper mine could be mined at the end of 2014 and that the copper mine was of high quality with a maximum taste of 3.14% and an average taste of 1.76%.
In the area of ​​polysilicon, MCC has adopted a strategy of expanding against the market. In the first half of the year, MCC produced 3,751 tons of polysilicon, an increase of 134.5% over the same period of last year. According to Li Shiying, the new 5,000-ton project has already been put into production, which has also increased the production capacity to 10,000 tons. It is expected that MCC's polysilicon production will reach 8,000 tons in 2011. about. At present, preparations have been made to add 20,000 tons of production capacity.
“The time for MCC to choose to expand polysilicon should be better, because it is just at the low end of the polysilicon industry, and I expect the market will usher in the peak next year, and then the expansion of production capacity can be absorbed.†Investment Research Advisor Li Shengmao Told reporters.
According to Tianliang, MCC currently manufactures polysilicon at a cost of US$35/kg, with an annual output of 12,000 tons. Li Shengmao introduced that this cost is not at the advanced level in China. At present, the domestic PV leader GCL-Poly costs up to US$21/kg, and Seville LED can reach US$25/kg. However, the cost of MCC is slightly better than the average price of 40 US dollars/kg in the industry.
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