(Yicai) Nov. 14 -- Chinese mining contractor JCHX Mining Management has secured a USD195 million mining service contract for a zinc and copper project in the Democratic Republic of Congo.

KingKi Mining, JCHX’s unit in the DRC, has received a mining service contract from the Kipushi zinc and copper mine owned by Canada’s Ivanhoe Mines to mine minerals between 1,200 meters and 1,590 meters underground from Aug. 1, 2023, to January 31, 2028, the Beijing-based parent company announced late yesterday.

The Kipushi mine is located near the town of Kipushi, in the southwestern regions of Shaba province in the DRC, adjacent to Zambia, JCHX noted, without revealing any further details.

JCHX secured over 30 large-scale mine engineering construction and mining operation management projects in China and abroad last year. In early July, its subsidiary in Zambia won a mining service contract for part of the Lubambe copper mine, with a project period of three years and seven months and an estimated contract value of USD116 million.

JCHX’s shares [SHA: 603979] were trading up 1 percent at CNY35.18 (USD4.82) as of 1.35 p.m. in Shanghai today.

Editor: Futura Costaglione