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China West Mining Returns to Profitability in Jan.-May
Jul 7, 2016 15:33Source:SMM
China’s West Mining reported its first gain in the more than four years, according to the company’s website.
SHANGHAI, Jul. 7 (SMM) – China’s West Mining Co. reported its first gain in the more than four years during January-May this year, according to the company’s website.
The company achieved 87.14 million yuan ($ 13.04 million) in profits during the first five months of this year. Its subsidiary Daliang Mining processed 283,000 tonnes of ore in the same period and produced 1,072 tonnes (metal content) of lead and 35,401 tonnes (metal content) of zinc. Total profit came in at 29.94 million yuan, the subsidiary’s first profit since its establishment.
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