2012年7月31日星期二

Shifang Municipal secretary commitments that they will no longer building molybdenum copper project



Due to fierce opposition from local people, the HTC shares open only three days to build the deep processing of molybdenum copper metal resources utilization project "is the local government halted. Emergency suspension of the HTC shares yesterday announced confirmed that the company's molybdenum copper project Shifang Municipal Government requirements with immediate effect to stop the construction. Communication with the local government in-depth, timely disclosure of progress. According to the latest news of the Shifang Municipal Government portal "window" of Shifang, the local municipal, municipal government has made it clear that "Shifang will no longer build this project.
The announcement shows that the July 3, a wholly-owned subsidiary of Honda shares Sichuan Hongda the molybdenum Copper Co., Ltd. received the Shifang Municipal Government notification requirements molybdenum copper metal deep processing of resources comprehensive utilization project to stop the construction. Inform the main contents are: "You held a molybdenum copper project started after the ceremony, the city and some people on the project environmental impact do not know, do not understand, do not support, reacted strongly to safeguard the city's overall social stability, the government decided that, your company's molybdenum copper project from now on to stop the construction. "
The announcement also said that the molybdenum copper project is approved, for the record by the Sichuan Provincial Development and Reform Commission is a national industrial policy to encourage the class project, also approved by the Sichuan Provincial People's Congress of Sichuan Province advantageous industries of the 12th Five-Year Plan "key project. Molybdenum copper project core technology and key equipment introduced from abroad, the overall level of technology reached the international advanced and domestic first-class. Environmental Assessment of molybdenum copper project in strict accordance with current national regulations and the preparation and review of the latest standards, national technical evaluation and administrative examination and approval.
HTC shares official further explained to this reporter last night that the company's molybdenum copper project from the equipment, technology, technology and other aspects to take full account of environmental requirements, more than 10 billion capital investment in environmental protection, and the project's environmental evaluation after a year's time, the review of the environmental protection departments at all levels, through national technical evaluation and administrative examination and approval, the whole process are upon request publicity. Burst, the company that actively communicate with the Shifang Municipal Government.
As for the project to halt the impact of the company, these people said, that the molybdenum copper project has just laid the foundation stone on June 29, so there is no formation of other losses, the future progress of the project also depend on the communication, the company will timely disclosure of progress conditions.
The data show that the molybdenum copper project for HTC shares are in the pipeline scheduled increase to raise the tender. HTC shares to be issued not less than 11.34 yuan / share price is not more than 404 million shares, raising more than 4.5 billion yuan of funds for the copper molybdenum projects and complement the company's liquidity. Molybdenum Copper Project Location of Shifang City, Sichuan Province Economic Development Zone, with total planned investment of $ 10.188 billion yuan. The project to raise funds plan to invest $ 39.58 billion, the overall construction scale to 40,000 tons of molybdenum (metal) / year, 400,000 tons of copper cathode / year. The overall progress of the project formulation is divided into two, the construction period of 2 years. According to the preparation of the feasibility study report of the professional organizations, the project final design production capacity of the year after the average sales revenue (including tax) of 34.685 billion yuan, total profit of 1.843 billion yuan, net profit of 1.382 billion yuan.


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