Guangxi to Build a 60,000-tpy Copper Deep-Processing Project

SHANGHAI, Jun. 17 (SMM) – Guaingxi Xingangchao Copper Industry Co. recently signed a  60,000-tpy copper deep-processing project with Guigang’s government, Guangxi Province, www.cnmn.com. reported.

The project will be located in Guigang’s Tantang District and cover an area of 66,600 m² with total investment hitting 450 million yuan ($ 68.31 million). Construction of the project will take three years and will be divided into two phases.

Construction of the first phase will take one year and 250 million yuan and annual output value is scheduled to be 1 billion yuan after the first phase of the project enters into service. Construction period for the second phase will be two years with investment of 200 million yuan.

The whole project will yield 2 billion yuan of annual production value once fully operational with  tax payable of 16 million yuan per year. 

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