Tongling Nonferrous' Subsidiary Approved for a $324-Mln Copper Mining Project

Jul 24, 2013 15:33

A subsidiary of Tongling Nonferrous Metals Group has received local government approval in Anhui for a 2-billion-yuan ($324-million) copper mining project.

SHANGHAI, Jul. 24 (SMM) - A subsidiary of Tongling Nonferrous Metals Group has received local government approval in Anhui for a 2-billion-yuan ($324-million) copper mining project.

Anhui Tongguan (Lujiang) Mining Co. has been approved to mine copper from Hefei’s Shaxi mine, which has an output capacity of 3.3 million tpy, the provincial government of Anhui said on its website earlier this month.

The mine is expected to yield copper concentrates of 77,200 tpy with a grade of 20%, as well as some gold and silver credits too, it said.

Anhui Tongguan will supply 699 million yuan of the investment needed and apply to bank loans for the rest, it added.

Tongling Nonferrous Metals Group

Anhui Tongguan (Lujiang) Mining Co.

Shaxi copper mine

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Tongling Nonferrous' Subsidiary Approved for a $324-Mln Copper Mining Project

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025