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Zhongjin Lingnan Nonfemet's 180kt/yr Fankou Lead-Zinc Mine Reaches Production Target

Falling Copper Prices Stimulate Buying Interest at Lower Prices

SHANGHAI, Jan. 15 (SMM) -- As of December 21st, Zhongjin Lingnan Nonfemet Company's Fankou lead and zinc mine produced 180 kt of lead and zinc (metal content), processing 1.52 million mt of raw ore, producing 795 kt of standard sulfur concentrate, reaching 2009 production target 10 days ahead of schedule.&nbsp; Meanwhile, the output from the mine in 2009 set a new record high since it was put into operation 51 years ago, and it also marked the successful completion of 5-year technical innovation and expansion project in the mine with an annual lead-zinc output of 180 kt (metal content).&nbsp; 
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Zhang Muyi, the mine manager said in an interview that the technical innovation and expansion project at the mine is the demand of the company to promote its strength, and also an important investment made by the company through the capital market operation.&nbsp; The technical innovation and expansion project totally involves 10 projects and 200 sub-projects, overcoming many difficulties, and smoothly, safely completed the overhaul project with a total investment of RMB 330 million in a short period.&nbsp; 
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In order to cope with supply shortages of domestic mineral resources, Chinese enterprises are speeding up the exploration efforts, and meanwhile making further improvement on the existing capacity.&nbsp; However, the lead and zinc capacity in China is still growing, with severe capacity surplus.&nbsp; Therefore, the dependence on imported ores will continue.
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