China Zijin Mining Signed 100,000-tpy Copper Project in Heilongjiang

SHANGHAI, Aug. 23 (SMM) - Zijin Mining signed a copper project worth 4 billion yuan in Qiqihar City, Heilongjiang Province August 20, SMM reports.

It will produce 100,000 tonnes of cathode copper per year after reaching full operation and create output value of 5-7 billion yuan per year, which will help extend local copper industry chain.

The project will work through ores from Duobaoshan copper mine, with designed capacity of 30,000 tonnes per year versus actual annual output of 25,000 tonnes.

SMM understands the Duobaoshan copper mine will start construction of its second phase in 2017, whose annual capacity is 50,000 tonnes, and put it into production within 2 years after construction. The mine is expected to be one of the top five copper mines in China after reaching full operation.

Zijin Mining Co., a large mining group engaging in gold and metal resources exploration, produced 414,393 tonnes of copper in 2015, a rise of 10.92% year-on-year. 

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