Copper Refinery contract for Zijin Mining
- Publishing Date
- 06 Jan 2009 3:09pm GMT
- Author
- Mining Magazine
Processing
Hong Kong based Zijin Mining Group Co. China’s top listed gold producer, has begun negotiations to enter into a contract with its majority shareholder Minxi Xinghang State-owned Assets Investment Company Ltd, with regards to building a copper refinery in China’s Fujian province. The refinery would be located in Shanghang approximately 400km north east of Hong Kong, and would feature a production capacity of 200,000t/y.
The total expected investment to be made by this joint venture company will be around RMB 2.6 billion. Neither company has yet entered in to a binding contract. More details will be released as and when they become available.
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