Xiangguang Copper to Build a 200,000-tpy Smelter at Ganqimaodu Port in Inner Mongolia

SHANGHAI, Nov. 21 (SMM) – Xiangguang Copper Co. signed a contract with Bayan Nur’s city government to build a 200,000-tpy copper smelter next to Port of Ganqimaodu in China’s Inner Mongolia.

Xiangguang Copper’s chairman Liu Xuejing and Bayan Nur’s municipal party secretary He Yonglin presented at the contract signing ceremony on Nov. 18, a local government newsletter said on Wednesday.

Xiangguang will put an investment of 3 billion yuan ($490 million) for the plant construction which is expected to last two years, the newsletter said.

Ganqimaodu port received China’s first inbound shipment of copper concentrates from Mongolia’s Oyu Tolgoi mine on July 9, and was expected to import 50,000 tonnes of the concentrates by the year’s end, the port authorities said on its website in September.