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Gigantic Copper-Molybdenum Mining Project Contract Signed in Guangdong

2011-08-15 00:42:58
China Nonferrous Metals Monthly 2011年11期

With the reserves of nearly 1,000,000 tons of copper and approximately 250,000 tons of molybdenum and a total investment of RMB 5 billion, Guangdong Fengkai Yuanzhushan copper-molybdenum mining project contract was inked on October 13, 2011. It is reported that this is China’s second largest open-cast copper molybdenum mine next only to Dexing Copper Mine.

The deposit has a potential economic value of over RMB 500 billion and its resources utilize-tion plan has passed expert review of China Nonferrous Metals Association and been listed as a key project of Guangdong nonferrous metals industrial adjustment and revitalization plan, with the construction period spanning from2010to2013.

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