Copper Industrial Technology Park with RMB 12 Bln Investment Located in Lianyungang

SHANGHAI, Feb. 4 (SMM) -- The government of Lianyungang City and Lianyun District, and Jiangsu Huanqiu Copper Industry Company on February 2nd signed a contract for one copper project located in Banqiao industrial park, Lianyun District, Lianyungang City, Jiangsu province. The project, with total investment of RMB 12 billion is designed to build an 800kt/yr copper smelting and copper semis processing program. 

Investment for the first phase of the project will be RMB 6.8 billion, with annual capacity of 400 kt of refined copper, and 1.35 million mt of industrial sulfuric acid, which is scheduled to start construction in 2010, and complete construction by the end of next year. After completion, annual sales revenue will reach up to RMB 20.5 billion, and with tax and profits estimated at RMB 1.05 billion.

(Edited by SMM)