What weaknesses do we have on the "one belt and one road"?
Time:2019-01-25

Recently, Shougang Peru Iron Mine New Area Extension Project held a completion ceremony. Chinese Ambassador to Peru Jaguid spoke highly of the significance of the completion of the project when he attended the ceremony. He pointed out that the project is a "one belt" initiative, which is the first completed project after Latin America, and is also the first large-scale investment project completed after the new president of Peru, Mr. In the latest State of the Union Address, the President of Peru was alone __________


Recently, Shougang Peru Iron Mine New Area Extension Project held a completion ceremony.

Chinese Ambassador to Peru Jaguid spoke highly of the significance of the completion of the project when he attended the ceremony. He pointed out that the project is a "one belt" initiative, which is the first completed project after Latin America, and is also the first large-scale investment project completed after the new president of Peru, Mr. In his recent State of the Union Address, the President of Peru made a separate mention of Shougang Secret Iron, reflecting the importance of the project to Peru's social and economic development.

The Minister of Energy and Mines of Peru and Chairman of Ica Region highly praised the project, affirmed its outstanding contribution to promoting local economic development, expanding employment, community improvement and environmental protection, and invited Chinese-funded enterprises, including Shougang, to continue to expand their investment and cooperation in the Secretariat.

It is reported that the Peruvian iron ore project of Shougang was put into operation in 1993. At present, its output has increased from 3 million tons per year to 20 million tons per year, and its cumulative investment has exceeded 2 billion US dollars. It is a representative project of Chinese-funded enterprises in Latin American mining field. In 2017, Shougang Peru Iron Mine New Area Project was expanded, and ICBC arranged an exclusive financing support of $550 million for it.

After the ceremony, ICBC held in-depth exchanges with Shougang Group and Baiyin Nonferrous Group on business opportunities such as the third phase expansion of Peru's iron ore industry.