In April 2006, a consortium of CITIC and China Railway Construction Corporation (CRCC) was awarded the main construction of the Central and Western sections of the Algeria East–West Highway in a contract worth $6.25 billion winning the bid over major international engineering corporations. It has been a significant milestone strengthening new partnerships with African countries and developing infrastructure projects on the continent.
With a contract value of $3.535 billion, Angola KK Social Housing Project Phase 1 has the highest single contract value that Chinese enterprises have ever undertaken in EPC model overseas. It covers an area of 8.8 square kilometers, including 710 apartment buildings, 24 kindergardens, 9 elementary schools, 8 middle schools, 2 substations, 13 switching stations, 77 transformer substations and other infrastructures. It also includes public facilities such as internal roads, water supply and drainage systems, electricity and telecommunication systems, traffic signal systems and landscape engineering. Completed and delivered in 4 years, the Project was described by the President of Angola as the “Brightest Pearl of Angola’s Reconstruction Crown”.
Sino Iron is Australia’s largest magnetite mining and processing operation. The concentrator houses six processing lines with designed annual capacity of 24 million tons of high grade magnetite concentrate.
Sino Iron has a mine life of over 25 years and is operating at the Port of Cape Preston, the first port built in the Pilbara in 40 years to ship magnetite concentrate from Cape Preston to overseas steel mills