A copper mine joint venture between Metallurgical Corp of China (MCC) (1618.HK: Quote) and Jiangxi Copper (0358.HK: Quote) in Afghanistan is expected to start production of copper concentrates in 2013, an executive at MCC Tongsin Resources Ltd said on Wednesday.
The first phase of the Aynak copper mining project would have a designed capacity of 200,000 tonnes of copper in concentrate, said Zeng Tao, sales manager of the copper and zinc unit of Hong Kong-listed MCC.
He said capacity would be expanded to 500,000 tonnes in the second phase but did not provide a timeframe for completion. MCC was also considering building a smelter at the site, he added.
1More
1More
Jiangxi copper: China to remain the global driver of copper demand - 0 views
China should not rush wide-scale adoption of aluminium alloy cable, says Jiangxi Copper - 1 views
China's Jiangxi Copper names Long Ziping as new chairman - 0 views
1More
Jiangxi Copper sees 18.2% jump in semis production in 2012 - 0 views
1More