Zijin Mining, Peru Make Strides in Rio Blanco Copper Mine

Published: Nov 23, 2016 15:38

Save

Zijin Mining Co. and Peru Minister of Energy & Mines signed Agreement of Pushing Development of Mining & Smelting Activities for the Rio Blanco copper mine project November 21, according to Zijin Mini

SHANGHAI, Nov. 23 (SMM) - Zijin Mining Co. and Peru Minister of Energy & Mines signed Agreement of Pushing Development of Mining & Smelting Activities for the Rio Blanco copper mine project November 21, according to Zijin Mining’s website.

Zijin Mining Co.’s president visited the project in Peru recently. He emphasized next year is very important for development of the Rio Blanco copper mine project, which has made great progress in efficiency, cost control, safety and environmental protection.

Rio Blanco copper mine is an ultra large copper-molybdenum deposit, which contains 7.41 million tonnes of copper reserves and 280,000 tonnes of molybdenum reserves. It will produce 200,000 tonnes of copper after reaching production.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Zijin Mining Co.Rio Blanco Copper Mine copper molybdenum

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

One and One Green Expands into E-Scrap Copper Recycling

One and One Green Technologies is expanding into the e-waste recycling market in Metro Manila. The company processes electronic scrap and industrial waste into copper alloy ingots and other products. Analysts see Southeast Asia emerging as a key growth region for recycled copper supply.

1 hour ago

Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply

Nexans is developing a large copper recycling center capable of processing up to 80,000 tonnes of scrap annually. The project aims to reduce reliance on primary copper and improve supply resilience. The company highlighted recycled copper as a strategic resource amid tightening global supply.

1 hour ago

BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,724.5/mt. In early trading, it fluctuated upward to a high of $12,829.5/mt, after which the center of copper prices shifted straight downward to a low of $12,721/mt. It then fluctuated upward in a pullback and finally closed at $12,780/mt, down 1.07%. Trading volume reached 17,000 lots, and open interest stood at 293,000 lots, down 8,255 lots from the previous trading day, mainly due to longs reducing positions. Overnight, the most-traded SHFE copper 2604 contract opened at 99,120 yuan/mt. In early trading, it rose to 99,530 yuan/mt, then fluctuated downward all the way to a low of 98,900 yuan/mt. Afterwards, the center of copper prices moved upward and finally closed at 99,140 yuan/mt, down 0.92%. Trading volume reached 27,700 lots, and open interest stood at 177,000 lots, down 1,993 lots from the previous trading day, mainly due to longs reducing positions.

1 hour ago