Home / Metal News / Nickel / China's Yantai Penghui Approved to Relocate 180,000-tpy Copper Smelter
China's Yantai Penghui Approved to Relocate 180,000-tpy Copper Smelter
Mar 4,2014 11:21CST
company news
Source:SMM
Yantai Penghui Copper Industry Co. was given official approval for relocation of its 180,000-tpy copper smelter by China’s MEP after environmental-impact assessment.

SHANGHAI, Mar. 4 (SMM) - Yantai Penghui Copper Industry Co. was given official approval for relocation of its 180,000-tpy copper smelter by China’s Ministry of Environmental Protection (MEP) after environmental-impact assessment.

The project, with a total investment of 3.5 billion yuan ($571 million), is scheduled to start construction in the coming June, the State-owned Assets Supervision and Administration Commission (SASAC) said on its website on Monday.

Employing flash smelting and flash converting technology introduced from Jiangxi Copper Co., Yantai Penghui’s smelters is set to become the largest copper production base in north China, the SASAC said in the statement.

It is expected to generate an annual revenue of 28 billion yuan and trade value of $5 billion, as well as a yearly  throughput of 3 million tonnes for Port of Yantai in Shandong province, it said.
 

Yantai Penghui Copper Industry Co.
Port of Yantai

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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