Refined copper output of China's Zijin in 2012 to jump 227% on smelter start up
Metal Recycling News | 2012-09-06 08:28:16
Production of 200,000 mt of refined copper in 2012 is targeted by China's Zijin Copper Industry, a subsidiary of Hong Kong-listed Zijin Mining Group.
By Paul Ploumis
BEIJING(Scrap Monster): Production of 200,000 mt of refined copper in 2012 is targeted by China's Zijin Copper Industry, a subsidiary of Hong Kong-listed Zijin Mining Group. The estimated production is up 227% from 88,100 mt in 2011, after starting up of a new copper smelter in Fujian province.
The trial production was started late last year following the completion of 200,000 mt/year copper smelter in December 2011.
After the new smelter began commercial operations in January, the refined copper output of Zijin's over January-June surged 86% year on year to 84,742 mt.
The smelter project is the largest single investment project in China's Longyan city. It involves a total investment of Yuan 6.5 billion ($1.02 billion).
State-owned Zijin Mining Group is a major gold and copper producer in China that also produces zinc, tungsten and iron ore.
