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Norin Mining and Ajlan&Bros Mining signed strategic cooperation agreement

08 September 2022

On September 8, Norin Mining Co., LTD. (hereinafter referred to as "Norin Mining") and Ajlan&Bros Mining Co., LTD. (hereinafter referred to as "Ajlan&Bros Mining") held a strategic cooperation agreement online signing ceremony. Liu Jinkui, Vice President of NORINCO and Chairman of Norin Mining; Ma Weiguo, General Manager of Norin Mining; Geng Yi, Party Secretary and Deputy General Manager of NORINCO; Cheng Hong, Assistant President of NORINCO; Mohammed al Ajlan, Deputy Chairman of Ajlan & Bros Holding Group; Ali Alhazmi, CEO of Ajlan&Bros Holding Group; Fahd Al Enezi, CEO of Ajlan&Bros Mining, attended the ceremony.

At the signing ceremony, Liu Jinkui expressed appreciation for the fruitful work of both teams. He pointed out that after years of overseas mining development and operation, Norin Mining has a group of technical and management teams with international vision, rich practical experience and professional spirit in the acquisition, development and operation of mining projects. It is hoped that both sides will build on their respective advantages and fully participate in mining investment opportunities in Saudi Arabia and other parts of Africa through strategic partnership, jointly participate in the construction of Saudi Vision 2030 and share future development opportunities. Liu Jinkui said that the cooperation between Norin Mining and Agilan Brothers Mining has the same strategic goal and can complement each other's advantages in technology and resources. The two sides are sure to cooperate sincerely and jointly promote the development of enterprises of both sides and contribute to the higher level cooperation between China and Saudi Arabia.

Sheikh Mohammed al Ajlan said that he was very happy to establish a strategic partnership with NORINCO and Norin Mining. There are many possibilities for cooperation in the mining and smelting of nonferrous and ferrous metals. The strategic cooperation between the two sides is in line with Saudi Arabia's "Vision 2030" and China's "Belt and Road" Initiative. Saudi Arabia's "Vision 2030" has brought a lot of preferential policies and convenient procedures for foreign companies' investment. We sincerely hope to share investment opportunities in Saudi Arabia with NORINCO and achieve win-win cooperation. Looking forward to this as a start, and the NORINCO in more areas, at a higher level to carry out extensive cooperation.

NORINCO Marketing Department A and Saudi representative office, Norin Mining Resources Development Department, Legal Affairs Department, Ajlan&Bros Holding Group, Ajlan&Bros Mining Company, TAL Defense Industry and Saudi Ministry of Investment attended the signing ceremony.