Resourcehouse, MCC, China Eximbank and China Power International Holding executed the Cooperation Agreement, as witnessed by the Vice President of the PRC, Xi Jinping, and the Prime Minister of Australia Kevin Rudd at the time, in relation to the development and financing of and offtake of production from the Galilee Coal Project.
Resourcehouse Limited (“Resourcehouse” or the “Company”), an international diversified resources company, announced today that it has entered into an engineering, procurement and construction management (“EPCM”) contract with MCC Overseas Ltd (“MCC Overseas”), a subsidiary of Metallurgical Corporation of China Limited (MCC) in relation to the Galilee Coal Project with a project budget of US$8.013 billion.
Under the EPCM Contract, MCC Overseas is responsible for the design, engineering, planning, procurement, construction management, coordination, administration, pre-commissioning, commissioning and production start-up of the Galilee Coal Project.
“The selection of an EPCM contractor considerably advances the development plans for the Galilee Coal Project”, said Professor Clive Palmer, Chief Executive Officer and Executive Director of Resourcehouse. “MCC has an exceptional record of successful mine development and we are confident of the success of our project.” Read more
Resourcehouse Limited (“Resourcehouse” or the “Company”), is pleased to announce that senior management from Metallurgical Corporation of China Limited (MCC), and China Power International Holding Limited (“China Power International Holding”) will visit the Galilee Coal Project in the Galilee Basin in Queensland tomorrow. Delegates from MCC include President and Executive Director Mr. Shen Heting, Chairman of MCC Metallurgical Construction Company Mr. Li Peixun, Chairman of MCC Overseas Mr. Zou Weimin, and Vice Chief Engineer of MCC Overseas Mr. Yu Zhongliang, as well as other senior management.
Professor Clive Palmer, Chief Executive Officer and Executive Director of Resourcehouse, said “MCC and China Power International Holding are valuable business partners of Resourcehouse. We are very pleased to show them one of the most significant and extensive coal projects in Queensland. We will further explore cooperation opportunities with our partners to feed the appetite of the growing China market’s strong demand for resources.”
On 22 July, China First Pty Ltd, the wholly-owned subsidiary of Resoucehouse, entered into a non-legally binding MCC Framework Agreement with MCC in relation to the construction and financing of and offtake of production from the Galilee Coal Project. Read more