Production kicks off at Sichuan Province copper smelting project
Shanghai. August 31. INTERFAX-CHINA - A 100,000-ton copper anode project in Huili County, Sichuan Province has begun production, state media reported Aug. 30.
According to a Sichuan Daily report, construction began on the project in June 2008. It required a total investment of RMB 2.45 billion ($359.74 billion), provided by Huili-based Kunpeng Copper Co. Ltd. It is designed for the deep processing of copper concentrate, cobalt concentrate and molybdenum concentrate and will have an annual output of 100,000 tons of copper anode, 320,000 tons of sulfuric acid and 10,000 tons of nickel.
State-owned Kunpeng Copper is a 90:10 joint venture established by Liangshan Mining Co.Ltd. and the Sichuan Lala Copper Mine, with the former holding the larger stake. It is primarily involved in copper smelting and trading, and the processing of mineral products for the chemical industry.