On Oct. 24, 2007, The contract was signed for the exploitation of a nickel mine in Indonesia.

CTIETCC Made A Crucial Breakthrough In Mining Exploitation In Indonesia
On Oct. 24, 2007, CTIETCC signed the contract with Pt. Bola Dunia Mandiri of Indonesia to cooperate in the exploitation of nickel mines in Sulawesi, Indonesia. The exploitation area under the contract is around 260 hektares and the cooperation period is 10 years. Mr. Chi Jie, General Manager of CTIETCC, Mr. Huang Donghao, Chief Engineer of CTIETCC and Mr. An Huimin, Advisor of CTIETCC attended signing ceremony with the officials from local government of Sulawesi and local Commercial Organizations. Mr. Najmuddin, General Manager of Pt.Bola Dunia Mandiri also attended the ceremony.
In 2006, CTIETCC decided to make efforts in international resource exploitation, one of the core business scope in the international economic cooperation, aiming to changing it management concept to seek more profits. After the survey and investigation in several mining areas in Indonesia for some months, CTIETCC finally selected to exploit the nickel mine in Sulawesi since it provides high nickel contents, proper reserves, convenience in transportation, standard cooperation mode and good partnership with local parties.
CTIETCC will put more efforts in the exploitation and sales to ensure more returns in the coning years. The signing of the contract shows that the business and profits will reach a high level, which shall ensure CTIETCC to achieve the goals in its development layout both of mid-term and long-term.