Western Mining Yulong Copper acquires new mining warrants
Release time:
2018-08-14 00:00
Source:
On July 17, Tibet Yulong Copper Co., Ltd., a subsidiary of Western Mining Group, received the "the People's Republic of China Mining License" issued by the Ministry of Land and Resources, and the new mining license for Yulong Copper Mine was obtained with a production scale of 19.89 million tons per year.
Yulong copper deposit is a large porphyry and contact metasomatic mixed copper deposit, which is the largest single copper deposit in China. The first phase of mining and dressing has an ore processing capacity of 2.3 million tons/year, mainly processing oxidized ore and mixed ore of the skarn type No.2 ore body of Yulong Copper Mine, with an oxidized ore grade of about 3.85 and a mixed ore grade of about 2.09.
In recent years, the Western Mining Group has been guided by Xi Jinping's thoughts on socialism with Chinese characteristics in the new era, thoroughly implemented the new development concept, and fully implemented the development of "strengthening the main business of mines, refining the smelting industry, optimizing salt lake resources, and realizing new industries". Strategy, implement the "four solid" major requirements with the "four transformations", and continuously promote the development of quality changes, efficiency changes, and power changes. The reconstruction and expansion project of Yulong Copper is an important project for the transformation and upgrading of the group company. The acquisition of the new mining license marks a major breakthrough in the preparatory work for the second phase of the reconstruction and expansion project of Yulong Copper. In the next step, the Western Mining Group will carry out the construction of the second phase of the Yulong Copper Mine as soon as possible, which is expected to be completed and put into operation in 2 to 3 years. After completion, the company's copper production capacity is expected to increase to 23 million tons/year, which will greatly improve the company's profitability and market competitiveness, further transform resource advantages into economic advantages, and promote the healthy and sustainable development of the company and local economy. (Source: Western Mining Group)
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