Signing ceremony between Inner Mongolia Ducheng Mining Co and Sichuan Mining Investment Group. [Photo/Inner Mongolia Daily]

Ergune-based Inner Mongolia Ducheng Mining Co and Sichuan Mining Investment Group on Oct 9 signed a project investment agreement in Chengdu, Sichuan province, marking the beginning of their cooperation in mining development and industrial chain expansion.

The partners will leverage the abundant mineral resources of Inner Mongolia's Hulunbuir city and Russia's Zabaykalsky Krai to develop a comprehensive industrial chain spanning nonferrous smelting, coal chemicals, phosphate chemicals and biochemical industries.

The project aims to promote circular, green economic growth and drive deep transformation of traditional industries, with the goal of building an industrial cluster worth over 10 billion yuan ($1.41 billion).

This landmark initiative marks another major breakthrough for Ergune in key industrial sectors this year, further transforming its resource advantages into economic strength and injecting new momentum into the region's high-quality development.

The parties also finalized a strategic cooperation agreement with Henan Jinli Gold and Lead Group.