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Henan Golden Dragon to open a new high precision copper tube plant - 0 views

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    Yangzhou Baosheng Copper Industry, a large Chinese manufacturer of wire and cable, announced on 12th December that it had placed an order with Germany's SMS Meer for a CONTIROD system to be installed at its plant in Baoying, Jiangsu province. The new system, which has a capacity of 48t/h, will come into action in 2014 and will enable the company to expand its range of products.
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    Guangyuan Copper Co., a Chinese producer of oxygen-free copper wirerod, announced on 25th December that it has fully opened its new facility based in the Yingtan Hi-Tech Industry Zone in Jiangsu, China. The new facility, which has been running on a trial basis since September 2012, is expected to produce 10,000t/y of high purity oxygen free copper wirerod.
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    According to data from the Jiangxi Commission of Industry and Information, 2012 output of copper semis in the Chinese province of Jiangxi was 2.09Mt, a 24.5% increase on 2011. According to the Commission there are 286 copper companies with revenue above RMB5M (US$795,000) in Jiangxi, including China's largest integrated smelter and semis producer Jiangxi Copper Co.
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    Chinalco Shanghai Copper Co, a subsidiary of China Aluminium Group Corporation, will produce 45,000t of flat-rolled copper plate and strip in 2013, according to a source from the company. The company has copper plate and strip production capacity of around 70,000t/y according to Antaike, suggesting a utilisation rate of around 64% for the year. Chinalco Shanghai Copper Co also produces copper foil at its Baoshan-based production facility and currently has a capacity of 20,000t/y.
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    According to an annual survey from Antaike, operating rates at Chinese copper fabricators were on average 2.66 percentage points lower in 2012 than in 2011. The sector that saw the largest slow down in utilisation was the copper tube sector, down 7.27 percentage points in 2012, due to low operating rates in air conditioner sector denting the demand for copper tube in China. Wire manufacturers and foil manufacturers were reported to have fared better in 2012, with utilisation rates rising modestly.
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    Henan-based Golden Dragon Precise Copper Tube (Henan Golden Dragon), the world's largest manufacturer of commercial copper tube, will open a new 30,000t/y high precision copper tube factory in July 2013. Henan Golden Dragon begun production of the facility in May 2012 and have invested a total of RMB 380M (USD60.5M). The factory will produce high precision copper tube.
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Kunming Copper may become subsidiary of Yunnan Copper - 0 views

  • Chinalco Kunming copper is expecting to be a subsidiary of Yunnan copper in due to optimizing industrial structure consideration.
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Rio 'committed to Chinalco' - 0 views

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    Jan du Plessis, Rio Tinto's new chairman, said the completion of Chinalco's proposed $19.5bn (£13.4bn) capital investment in the Anglo-Australian mining group would be his priority as he took over from outgoing chairman Paul Skinner.
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Regulator clears Chinalco stake in Rio Tinto - 0 views

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    Australia's competition regulator has cleared Chinalco's planned $19.5bn investment in Rio Tinto, ruling that the transaction was unlikely to "unilaterally decrease global iron ore prices below competitive levels".
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China - Luoyang copper plates and strip producers expect to increase output 18% y-o-y - 2 views

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    Chinalco Luoyang Copper Co. Ltd., a Chinese high-precision copper plate and strip producer, plans to raise production by 18% y-o-y to 160,000-170,000t in 2011. The expected increase is the result of a capacity expansion through the completion of a 105,000t/y production line. Total capacity now amounts to 210,000t/y, however, production remains suppressed due to ongoing testing at the US$349M new plant in Luoyang City, Central Henan province. In 2010, Chinalco Luoyang Copper Co. Ltd.'s production was 140,000t of copper plate and strip.
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China - Chinalco's copper plate and strip production facility receives approval from en... - 0 views

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    Hubei Environmental Protection Department and Huangshi Environmental Protection Bureau have approved Chinalco Central China Copper Co., Ltd's 135,000t/y copper plate and strip plant. The mill was put into production this year and involved a total estimated investment of RMB1.7B.
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Chinalco Rio Tinto Exploration cleared to start business in China - 0 views

  • The JV’s initial priority will be exploring for copper, with plans to expand into coal and potash in the future.
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Buyers line up for Glencore Xstrata's massive Peru copper mine - 0 views

  • Speculation has centred on two Chinese firms – Chinalco Mining Corp, a subsidiary of China's state-run aluminum group, and Hong Kong-listed MMG – who may be weighing rival bids for the three Las Bambas open pits which will also produce significant quantities of gold, silver and molybdenum as by-product.
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China - Siemens to supply equipment for Chinalco's new copper wirerod plant - 0 views

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    Siemens VAI Metals Technologies received an order from Southwire Company to supply the equipment for Chinalco's new copper wirerod mill. The plant will be located on a greenfield site in Kunming, southwest China, and is expected to be commissioned in late 2011. Siemens will be responsible for the engineering, manufacturing and commissioning of all the equipment for the SCR 4500 wirerod mill. Capacity will amount to 35 tonnes per hour.
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BBC NEWS | The Reporters | Robert Peston - 0 views

  • Tonight’s decision by BHP on whether to press the go button on a £61bn takeover of Rio Tinto is not just a big event for these two monsters of the mining industry. It’s also a big “who-runs-the-world?” moment. This takeover contest may no longer be decided in a conventional way by the shareholders of the two companies and competition regulators in assorted jurisdictions. The reason is that on Friday the state-owned Chinese mining and metals group, Chinalco, snapped up 8% of Rio through a daring stock-market raid. And it exercises control over 9% of Rio, through a partnership with Alcoa of the US. This was more than £6bn of Chinese government money saying no to the BHP deal.
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