Bosai Minerals Group Co., Ltd. (“Bosai Group”) is a large private mining group with many production enterprises in Chongqing, Sichuan and Ghana and other regions and countries. Its series products are sold well in more than 30 countries in Europe, America, and Asia and at home. Aluminum Corporation of China (“Chinalco”) set up a branch in Chongqing in July 2006, and invested more than RMB 5 billion in the mining, smelting, processing and sales of aluminum ore products. However, due to market and product reasons, it has been making losses for years. Bosai Group, with its vast sales markets and channels at home and abroad, can help Chinalco Chongqing Branch find a way out for revival.
After being entrusted by Bosai Group, ZHH's team provided full services for this project. Chinalco Chongqing Branch had assets including equipment, plants and other assets required for alumina production that could be leased out and mines that could not be leased out by law. Given the complexity of such assets owned by Chinalco Chongqing Branch, ZHH's team provided customized services including: 1. designing three legal and feasible trading plans for the joint venture and cooperation of this project for the parties to select from, and drafting an agreement involved for the trading mode determined by the parties; 2. drafting more than 10 transaction documents involved in this project, including lease agreement, safe production management agreement, production technology management agreement, environmental management agreement, asset management agreement, mine project contracting agreement and joint venture agreement; 3. assisting Bosai Group to participate in the full negotiation of this joint venture and cooperation, and providing solutions for difficult problems encountered during project promotion.
With our professional services, Chinalco Chongqing Branch resumed production, by which more than RMB 4 billion idle assets were recovered to their due values, and we brought a company with losses for many years back to predictable profitability and revival.
This project was led by Partners YANG Qing and ZHAO Mingju’s team.