China-Arab 'Belt and Road' Initiative Advances into the New Era! Recently, China Metallurgical International's wholly-owned subsidiary, China Metallurgical Equipment Co., Ltd. (referred to as 'China Metallurgical Equipment'), officially launched the Algeria Lead-Zinc Mine 10,000 tons/year mining and beneficiation integrated project with the Western Mediterranean Zinc Co., Ltd. (full name, abbreviation), marking a new breakthrough for China Metallurgical International in the international mining engineering technology and service sector.

From left to right: Executive Deputy General Manager of Sinosteel International, Hua Guanglin, Chairman of Tramine Australia, Chairman of Western Mediterranean Zinc Co., Ltd., General Manager of Sinosteel International's Mining Engineering Department, Li Ye, Director of Western Mediterranean Zinc Co., Ltd.

Western Mediterranean Zinc Co., Ltd. (hereinafter referred to as) is a joint venture registered in Algeria, jointly held by Australia's Trafigura Company (), Algeria's National Non-Ferrous Metal Mineral Products and Useful Substances Co., Ltd. (), and Algeria's National Geological and Mining Research Office ().

The lead-zinc mine project is located near the city of Bejaia in northern coastal Algeria, approximately kilometers from the port and kilometers from the capital, Algiers. The mine area enjoys convenient transportation and well-developed infrastructure. According to assessments, the total resources of the lead-zinc mine project amount to approximately million tons, with exploitable resources of million tons, an average zinc grade of .%, and an average lead grade of .%.

As the general contractor, Sinosteel Equipment is responsible for constructing an integrated mining and mineral processing project with an annual processing capacity of 10 million tons. This includes the construction of air intake shafts, air return shafts, ramps, and various underground systems, as well as the mineral processing plant with facilities such as crushing, grinding, and dewatering workshops, along with supporting infrastructure. The project is expected to be completed within a specified number of months. During the implementation phase, it is anticipated to create approximately direct jobs and indirect jobs, further promoting local economic development.

Hua Guanglin, Executive Deputy General Manager of Sinosteel International, delivered a speech to the local community

Currently, European smelters have a strong demand for high-grade, low-impurity lead-zinc concentrates. As one of the world's largest undeveloped lead-zinc mines, this project will not only meet the growing global demand for zinc over the next decade but also propel Algeria into the ranks of major zinc producers, further enhancing the country's competitiveness in the global industrial sector.

Congratulations to Sinosteel International and Zinc de Mediterranee on their successful partnership! The smooth execution of the project has profound implications for the national economy and the development of the Bejaia region. It not only effectively promotes local employment and provides professional training but also drives the development of the mining industry and facilitates the exchange of knowledge and technology. Most importantly, this project opens up new possibilities for broader cooperation between Algeria and its partners from Australia and China.

——Alkhabar, Algeria's Minister of Energy and Mining

Thank you to the Ministry of Energy and Mines and the National Mining Company for their support and trust. Sinosteel International will fully leverage its extensive engineering experience and technical advantages in the metallurgical industry in Algeria to ensure the project is completed to a high standard, with high quality, and on time, aiming to make this project a model of mining practice and economic development in the region. We also hope to participate in the comprehensive mining development process in Algeria, contributing to the sustainable development of Algeria's mining industry.

——化光林中钢国际常务副总经理中钢设备总经理

Sinosteel International is committed to providing comprehensive process solutions, engineering construction, and operation management for global mining projects. Its service scope is extensive, covering multiple aspects such as mining, mineral processing, deep processing, and material transportation. The company offers a full range of services from exploration, feasibility studies, engineering design, equipment supply, engineering general contracting to production operations. To date, Sinosteel International's overseas mining engineering projects have spread across numerous countries, with its breadth in terms of country coverage and types of mineral resources ranking among the top in Chinese enterprises.

In recent years, China and Algeria have deepened their exchanges and cooperation, with their economic and trade relations becoming increasingly close. Riding the "Belt and Road" initiative, Sinosteel International has achieved numerous breakthroughs in the metallurgical sector in Algeria. Sinosteel International will continue to uphold the spirit of cooperation, mutual benefit, and innovation, providing more Chinese solutions and spreading more Chinese culture through mutual learning and exchange.