Zijin Mining Constructs Its First Copper Mine Project Overseas Capitalizing on Belt & Road Initiative

Published: Jun 15, 2017 19:14

Save

Zijin Mining Group Co.’s Kolwezi copper mine which is located in the Democratic Republic of the Congo, yielded first blister copper output June 13, cnmn.com reported.

SHANGHAI, Jun. 15 (SMM) - Zijin Mining Group Co.’s Kolwezi copper mine which is located in the Democratic Republic of the Congo, yielded first blister copper output June 13, cnmn.com reported.

Nepal’s First Ultra-Large Copper Mine Discovered, Ore Grade Extremely High

Kolwezi copper mine is Zijin Mining Group’s first copper mine project overseas, which is constructed in the light of the Belt & Road Initiative.

Its gold, copper and zinc reserves in overseas projects account for 53%, 63% and 10%, respectively of the group’s total at present.

JP Morgan: Copper Prices to Weaken to $5,000 by Year-End as Ore Supplies Grow

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Zijin Mining Co.gold silver copper lead zinc

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 mins ago

Congo Boosts US Copper Sales to 500,000 Tonnes via State-Backed Venture

The Democratic Republic of Congo has raised planned copper sales to the United States to 500,000 tonnes through a state-backed marketing venture, marking a fivefold increase from its initial January commitment. The deal, first reported by Semafor, is led by state miner Gécamines and marketed through a joint venture with Mercuria Energy Group, with backing from the US International Development Finance Corporation. It targets copper output from Gécamines’ minority stakes in major operations, including Kamoto Copper Company and Tenke Fungurume.

6 mins ago

19 mins ago

KGHM Sought Mine Investments in Europe and Morocco; Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Minutes: Overnight, LME copper opened at $13,240.5/mt, fluctuated upward to a high of $13,295/mt in early trading, then the copper price center dropped sharply to $13,182.5/mt, followed by wild swings, and finally closed at $13,242/mt, down 0.26%, with trading volume at 17,000 lots and open interest at 287,000 lots, a decrease of 2,451 lots from the previous trading day, indicating bulls reducing positions. Overnight, the most-traded SHFE copper 2606 contract opened at 102,350 yuan/mt, rose to 102,510 yuan/mt in early trading, then the copper price center dropped sharply to 101,700 yuan/mt, before fluctuating upward to finally close at 102,290 yuan/mt, down 0.09%, with trading volume at 28,500 lots and open interest at 174,000 lots, an increase of 820 lots from the previous trading day, indicating bears adding positions.

19 mins ago

7 hours ago

NY Fed's Williams Affirms Steady Rates, Cautions War Risks Inflation and Economic Slowdown

New York Fed President Reaffirmed Stance of Holding Rates Steady, but Warned That a Prolonged War Could Simultaneously Push Up Inflation and Weigh on Economic Growth.Williams, President of the Federal Reserve Bank of New York and often referred to as the "third-ranking official" at the US Fed, said Thursday that the current monetary policy stance was "well positioned" to handle the risk of a sustained supply shock that could arise from the war in the Middle East. He warned that the conflict could push up inflation while suppressing economic activity, creating a dual pressure.

7 hours ago