Zhongjin Lingnan to invest $296 million at Cerro de Maimon mine-Shanghai Metals Market

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Zhongjin Lingnan to invest $296 million at Cerro de Maimon mine

Company News 11:38:40AM Nov 27, 2019 Source:SMM

SHANGHAI, Nov 27 (SMM) – China's non-ferrous metals producer Shenzhen Zhongjin Lingnan announced on November 25 that it will invest no more than $296 million in a mining-processing project at Cerro de Maimon mine in the Dominican Republic.

The project is designed with an annualised capacity of 2 million mt. Upon completion, it will bring about production of zinc concentrate to 32,000 mt/year and copper concentrate at 26,000 mt/year, both on a metal content basis. 

The service lifespan of the Cerro de Maimon mine will be extended to 19 years.

Key Words:  Market commentary  Copper  Zinc  Mining 

Zhongjin Lingnan to invest $296 million at Cerro de Maimon mine

Company News 11:38:40AM Nov 27, 2019 Source:SMM

SHANGHAI, Nov 27 (SMM) – China's non-ferrous metals producer Shenzhen Zhongjin Lingnan announced on November 25 that it will invest no more than $296 million in a mining-processing project at Cerro de Maimon mine in the Dominican Republic.

The project is designed with an annualised capacity of 2 million mt. Upon completion, it will bring about production of zinc concentrate to 32,000 mt/year and copper concentrate at 26,000 mt/year, both on a metal content basis. 

The service lifespan of the Cerro de Maimon mine will be extended to 19 years.

Key Words:  Market commentary  Copper  Zinc  Mining