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Jiangxi Copper Made Strategic Investment in Hami with Rich Nonferrous Metal Resources

On October 11, Hami region and Jiangxi Copper Group Corporation held a contract-signing ceremony for strategic cooperation, signaling that Hami region has become a key strategic investment base of Jiangxi Copper Group Corporation, a company with the biggest manufacture base of copper products in China.

Hami region boasts rich nonferrous metal resources, wherein East Tianshan nonferrous metal metallogenic belt has been listed into 10 key development belts for Western Development. As the state government’s investment in geological prospecting increased, a batch of prospecting achievements have been released one after another, up till now Hami region has identified the following copper nickel resources: mineral deposit of Tuwu, East Tuwu, Yandong, Xiangshan, Huangshanetc. Tuwu-Yandong copper mine metallogenic belt has a forecast resource volume of over 10 million metal tonnes, ranking second in Xinjiang Province, Hami region has discovered 14 copper mine origins, identified 650,000 metal tonnes of resource reserve; 6 nickel orefields, with a forecast resource volume of 15.84 million metal tonnes, identified 919,700 metal tonnes of resource reserve, ranking top in Xinjiang, rich resources and one-stop service business invitation environment become key factors attracting Jiangxi Copper Group Corporation to make investment in Hami.

Dong Jiahui, Deputy General Manager of Jiangxi Copper Co., Ltd, said that in this time’s trip to Hami, they discovered the resources here were very reliable, coupled with service attitude of local government toward enterprises, they felt very impressed, for Hami region to become our strategic point of investment, they mainly focused on copper aspect, plus lead zinc and gold mine aspects, their work would start from mine smelting to processing.

At present, there are 27 enterprises in Hami region engaged in copper metal development, annual production volume is 17 metal tonnes; the move by Jiangxi Copper Group Corporation to invest in Hami will help accelerate resource integration, and improve benefits of resource development.

Han Xianmin, Director of Hami Land and Resource Bureau, said, “Up till now we have confirmed 3 million (metal) tonnes of copper resource volume, if Jiangxi Copper Group enters our Hami region, it will greatly boost our copper development, meanwhile it will also help us greatly in mineral resource prospecting, development and smelting aspects in the Thirteenth Five Year Plan period”.

Some enterprises engaged in copper mine development also cherished anticipation toward the project landing. Xu Chunhong, General Manager of Hami Hongshi Mining Co., Ltd, said, “At present our products are mainly sold to some smelting enterprises in Xinjiang, plus some enterprises in Gansu and Shaanxi, if Jiangxi Copper enters Hami region, suppose there is a little investment into smelting aspect, for our product sales, including improvement of the industrial chain, there will be a significant enhancement; furthermore, due to the entry of Jiangxi Copper, it will have certain investment into the entire copper mine resource prospecting, and the entire industrial chain will experience significant enhancement.