World
        

Economy

Metal giant to start 2 overseas projects

Updated: 2011-05-09 11:00

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China Nonferrous Metal Mining Co(Group) (CNMC), the country's non-ferrous metal giant, is expecting two of its major overseas projects to begin operation this year, said Luo Tao, general manager of the group.

The Chinese state owned miner's $340-million wet copper smelting project in Zambia, which is designed to provide an annual output of 41,000 tonnes of copper cathode, is expected to start operation by the end of this year, Luo told Xinhua.

Further, the group's nickel mining and smelting project in Myanmar will start trial operation in July, which is estimated to run with an annual production of 850,000 tonnes of ferronickel, he said.

The CNMC aims to make a profit of at least 2 billion yuan (about $307.7 million) and sales revenue of 100 billion yuan this year, with sales of non-ferrous metal products exceeding 1 million tonnes, said Luo.

The CNMC currently owns more than 20 million tonnes of non-ferrous metal resources, 300 million tons of bauxite resources, 14 mines, five smelting plants, one economic cooperation zone and four listed companies outside China.

E-paper

War of the roses

European Chinese rose growers are beating their Chinese rivals at their own game

High-tech park gets big boost
At the source
Merchant of Venice

European Edition

Specials

2011 Sino-US Dialogue

China and the United States will hold the third round of the Strategic and Economic Dialogue from May 9-10 in Washington.

High-tech park gets big boost

Zhongguancun sets sights on being one of the top technology hubs in the world

Learning to close the gap

Thousands of students have benefited from Tibet middle school program set up outside the autonomous region

The Cixi story
Garbage problem
Bin Laden dead