Home | Register | Login | Help | Forum | Log out
Agencies & Partnership
Company Directory
Our Global Network
About Us
Focus News Industry research Exhibition Regulation & Law Executive Talks
Search:
 
China's Western Mining to boost copper capacity
POSTED: 10:42 a.m. EDT, October 23,2007

SHANGHAI, Oct 23 - Western Mining Co , China's second-largest lead miner, will boost the projected mining capacity of its two copper mines in China's western provinces, it said on Tuesday.

Western Mining, in which a unit of Wall Street Bank Goldman Sachs holds an 8 percent stake, has said it would use the proceeds from a share issue early this year to expand facilities including copper mines.

The company, also China's fourth-largest zinc miner, said it would double the planned mining capacity of an Inner Mongolia copper mine to 4 million tonnes a year by 2010. The mine went into trial operation last week.

It will also boost the production capacity of a copper mine in the western province of Qinghai to 750,000 tonnes a year, from the originally projected 500,000 tonnes, by 2009. The mine is scheduled to begin trial operations late this month with a capacity of 250,000 tonnes.

Shares in the company rose 0.42 percent in early trade on Tuesday to 52.32 yuan, in line with a 0.40 percent rise in Shanghai's benchmark index .

From: reuters
Print | Save
RELATED
Home - Shipping - Airfreight - Integration - Members - Resources - My Jctrans - Links
About Us - Help - Contact Us - Site Map
嶄猟利
Privacy Policy - Terms of Use
Copyright Notice 2000-2007 Jctrans.com Corporation and its licensors. All rights reserved.