Medium-color shares (000758) disclosed today, November 12 last year, the company's holding subsidiary in Chifeng City Zinc Industry Co., Ltd. and Shandong Gold Nonferrous Mining Group Co., Ltd. on the Chifeng Bairin Zuoqi 100,000 tons/year lead smelting project signed a cooperation agreement, yesterday the company board of Directors considered the matter passed. Agreement, in color zinc industry has invested in assets evaluation of about 130 million yuan, Shandong Gold to cash 520 million yuan jointly funded the establishment of lead smelting project company to build Bairin Zuoqi lead smelting project. Among them, the Chinese-color zinc industry shareholding ratio of 20%, Shandong Gold shareholding ratio of 80%. The investment shall enter into force with the approval of the China-color Board of Directors without the approval of the shareholders ' general meeting. After the completion of the lead smelting project, mainly engaged in the production and sale of lead ingots, the raw materials required mainly from Chifeng in the color White Music Co., Ltd. mainly in Chifeng and surrounding areas. It is expected that the project will be completed and put into production in the second half of 2012, so the project will not affect the operating performance of the current year, but with the production of the project and the increase in lead and silver prices, the future of the project would have a certain impact on the company's operating performance. China-color shares said that the lead smelting project in the middle-color restructuring of Inner Mongolia baiyinnuoer lead-zinc mine has begun construction, and then suspended the construction due to the financial crisis and other reasons. This time by Shandong Gold led the construction of the project, in the color zinc industry to actively cooperate with, is conducive to the active in the color zinc industry assets, at the same time the project adjacent to the color of Chifeng city in the color of the White Music Co. (Zhang Yi) Editor: NF058
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