The rise of the new giant of the copper industry starts the production of the reconstruction and expansion project of Yulong Copper Mine in the west.

On December 18, the production launching ceremony of the reconstruction and expansion project of Western Mining Tibet Yulong Copper Co., Ltd. was held at the Yulong Copper Mine in Changdu, Tibet.

This project is the key construction project of "the key Project of the Nonferrous Industry Planning of the Ministry of Industry and Information Technology of China" and "the Development Plan of Nonferrous Metals Industry 2016-2020". It is also the profound practice of the western mining industry to fully implement the new development concept, transform the advantages of resources into economic benefits, and promote the economic development of ethnic minority areas. The formal start of production of the project has become an important moment of historical significance for the western mining industry.

Chen Jun, deputy secretary of the Changdu Municipal CPC Committee and mayor; Zhang Yongli, party committee secretary and chairman of the Western Mining Group Co., Ltd.; Lu Zhifang, chairman of China Enfei Engineering and Technology Co., Ltd. Li Huawei, general manager and deputy secretary of the party committee of China Railway 19th Bureau Group, and other government and enterprise leaders attended the ceremony. Participating units, syndicated financial institutions, securities institutions, shareholder representatives and other relevant personnel to participate.

Zhang Yongli said at the ceremony that the official start of production of the reconstruction and expansion project indicates that the Yulong Copper Mine has entered a new stage of green and efficient development. The western mining industry will take this opportunity to give priority to ecological protection, do a good job of mine production and operation with high standards, and turn the huge resource advantage of Yulong Copper Mine into an economic advantage that promotes the high-quality development of the eastern Tibetan plateau. To build Yulong Copper Industry into a benchmark enterprise for the green development of the national non-ferrous metals industry.

Chen Jun said that the smooth commissioning of the project will further expand the scale of green industry in the city and even the whole region, consolidate the foundation for development, and inject strong impetus into the construction of a modern industrial system and the promotion of high-quality economic development. In the next step, the Qamdo municipal party committee and municipal government will, as always, adhere to serving the development of enterprises as their own responsibility, constantly optimize the business environment, continue to improve the quality of service, and strive to protect the development of enterprises.

Yulong Copper Mine is the largest investment project since the establishment of the western mining industry. Among them, the total investment of the reconstruction and expansion project of Yulong Copper Mine is 10.6 billion yuan, and the construction content mainly includes 900000 tons / year mineral processing project and 18 million tons / year mining and separation project, with an annual production capacity of 130000 tons of copper metal after completion. After the project reaches production, the average annual operating income is about 5 billion yuan, and the tax revenue is about 1 billion yuan, which further promotes the economic development of eastern Tibet.

China is the world's largest copper consumer and import and export trading country, copper resources are scarce, the mineral self-sufficiency rate of the whole industry is generally low. It is understood that the global reserves of copper, aluminum, nickel, cobalt and other resources in China account for less than 5%, and the degree of external dependence on copper resources is as high as 80%, which is one of the highest in all external metals. With the increasingly complex environment at home and abroad and the serious impact of the novel coronavirus epidemic on the global economy, the supply of copper raw materials has become a deficiency in the high-quality development of China's copper industry.

The successful start of the western mining project has greatly improved the self-sufficiency rate of copper raw materials in China. It is understood that Yulong copper deposit is a very large porphyry and contact metasomatism mixed copper deposit. The total resources within the scope of mining rights are 1.027 billion tons of ore, 6.58 million tons of copper metal and 400000 tons of molybdenum ore. Through the reconstruction and expansion project of Yulong Copper Mine, the annual output of copper metal in Yulong Copper Mine has increased from 30, 000 tons to 130000 tons. Together with other copper mines of the group, Western Mining has successfully stepped into the ranks of domestic copper giants.

Since the full start of the construction of the project in April 2019, the western mining industry has gathered the strength of the whole group and fully mobilized all resources to promote it. More than 20 participating units and tens of thousands of builders from all over the country have persisted in the eastern Tibetan plateau and completed the project construction tasks with high standards, high quality and high efficiency in a short period of 20 months. it has made a great contribution to promoting the economic and social development of enterprises and localities.