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Jiangxi Copper: Working With Yantai Guofeng To Co-Launch Copper Smelting Project With Capacity Of 180000 Tons

It is reported that recently, Jiangxi Copper Co., Ltd. and Yantai Guofeng Investment Holdings Co., Ltd. co-held a signing ceremony for a collaborative copper smelting project with capacity of 180000 tons.

Covering an area of 840 mu, it boasts an investment of RMB 2.5 billion. The project plans to achieve annual yield of 180000-ton cathode copper, 11.89-ton gold and 147.5-ton silver, with annual revenue of RMB 10 billion and profits and taxes of RMB 400 million. After the completion, it will be a new growth point in industrial cluster development oriented by “7+N” in Yantai.

The project of energy saving, emission reduction, relocation and reconstruction of 180000-ton cathode copper of Guoxing Copper is the key project conducted by Yantai Guorun Copper Co., Ltd. to achieve “withdrawal from urban area and entering park” and upgrading of traditional industry. It is located in industrial park in development zone.