OREANDA-NEWS. March 18, 2014. A Party & Administration Joint Conference was convened by MCC Group. President Guo Wenqing presided over the meeting, and the participants made research and deployment on the key tasks in the next period.

The participants included: Jing Tianliang, Zhang Zhaoxiang and the other leaders of MCC Group and MCC; as well as the cadres and heads of various functional department in the headquarter of MCC Group.

The participants were debriefed on six topics, including the deepening of market exploration in domestic and overseas markets, the execution progress of Ramu Ni-Co Project in Papua New Guina (PNG) and Duda Lead-zinc Mine Project in Pakistan, the share price of MCC on the capital market, the relevant issues on financial bond and the willingness of leaders/cadres to fulfill their responsibilities. The participants conducted full discussion on these outstanding topics, as well as research and deployment on the key tasks in the follow-up period.
With regard to promotion of market exploration, Guo Wenqing put forward three requirements. The first, all the participants should fully get aware of the significance on the marketing measures taken by MCC Group.

The 1-2 years in the future are deemed to be a golden time for market exploration by MCC. Urbanization, environment construction for energy conservation, green infrastructure construction and overseas project implementation are the priorities and masterpieces of MCC. Therefore MCC Group shall seize the opportunities and ride on the momentum. The second, overall clear-up shall be carried out for the projects under construction now, so as to accelerate the project execution. As time goes on, the financing cost is anticipated to be escalated due to the opening-up and competitiveness of financial system and the diversification of financial products. Hence measures shall be taken on research and clear-up for the projects under construction, with a target to cut down the financing cost. The third, emphasis shall be continuously laid on the construction of surrounding environment, big platform and large projects. The key task of MCC in this year is to lay a firm foundation for future development.

With regard to the execution of Ramu Ni-Co Project and Duda Lead-zinc Mine Project, the Party Committee of MCC Group has formulated the adjustment options. The new leading teams shall strengthen overall communication with the local governments and the Mining Ministry, and spare no efforts in resolving the various problems. As for the Duda Project, the relevant estimation shall be made according to the fixed schedule, the corresponding procedures and the relevant investment shall be dealt with on a speed-up basis.

With regard to the share price of MCC and the relevant issues of financial bond, clear strategies shall be studied and joint efforts shall be made with the other organizations. Positive publicity work shall be attached with importance. Meanwhile, all the participants shall get full awareness on the significance of financing cost. Efforts shall be made in two ways. On the one hand, efficient utilization shall be made on the occupied capital, overall clear-up shall be carried out for the projects under construction through combination of a series of actions. On the other hand, an overall plan shall be worked out for utilization of financial and tax fund, so as to achieve diversification of financial products and revitalization of the assets.

At last, Guo Wenqing made a special emphasis on the willingness of leaders/cadres to fulfill their responsibilities. Guo requested to transfer the ideas and concepts of the Party Committee and the leading team of the Group to all the leaders and cadres at various levels. In view of the new situation and the arduous task for deepening commitment to reform, all the leaders and cadres bravely take responsibilities to lay the firm foundation for development and strive for prosperous growth of the core business.