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China Alcoa International (601068.SH) signs US$267 million contract for the operation and maintenance of the Simandou iron ore mine in Guinea

Zhitongcaijing·06/24/2025 09:49:03
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Zhitong Finance App News, China Alcoa International (601068.SH) issued an announcement. On March 31, 2025, the company won the bid for the Simfer mine operation and maintenance project for the Simfer mine site of the Simandou project in Guinea. On June 24, 2025, the company and Simfer S.A. (Simfer S.A.) signed the operation and maintenance contract for the Simandou iron ore mine in Guinea mentioned above. The total contract amount is approximately US$267 million, equivalent to a total of approximately RMB 1,913 billion (calculated based on the median exchange rate of 7.1656 announced by the People's Bank of China on June 24, 2025).

The total contract amount for the project is equivalent to about RMB 1,913 billion, accounting for 7.97% of the company's audited revenue in 2024. If the contract is successfully implemented, it will have a positive impact on the company's current and future annual performance, and help enhance the company's continued profitability.