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Metallurgical Corp of China signs RMB 220.3 bln contracts in Jan-Nov

Dec. 14, 2012 (China Knowledge) - Metallurgical Corp of China Ltd<601618><1618>, or MCC, the country's leading mining and smelting operator, signed RMB 220.26 billion worth of contracts in the first eleven months of this year, 16% less than it realized in the same period of 2011.

Of the total contract value, RMB 19.62 billion was inked in the overseas market, said the company in a statement filed with the Shanghai Stock Exchange.

Last month, the mining and smelting operator inked RMB 9.01 billion worth of major contracts, which accounted for 3.9% of its revenue in 2011.

Metallurgical Corp of China earlier announced that its net profit hit RMB 662 million in the first nine months of this year, less than RMB 2.6 billion it booked in the corresponding period of 2011.

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