Western Mining Yulong Copper Mine's reconstruction and expansion project started production
On December 18, the production launch ceremony of the reconstruction and expansion project of Western Mining Tibet Yulong Copper Co., Ltd. was held at the Yulong Copper Mine in Qamdo, Tibet.
Yulong Copper Mine is the largest investment project since the establishment of Western Mining. The total investment in the reconstruction and expansion project of Yulong Copper Mine is 10.6 billion yuan. The construction content mainly includes 900,000 tons/year beneficiation project and 18 million tons/year mining and beneficiation project. After completion, it will have an annual production capacity of 130,000 tons of copper metal. After the project is put into production, the average annual operating income will be about 5 billion yuan, and the tax will be about 1 billion yuan, which will further promote the economic development of eastern Tibet.
The successful start of this project of Western Mining has greatly increased the self-sufficiency rate of my country's copper raw materials. It is understood that the Yulong Copper Mine is a super-large porphyry and contact metasomatic copper deposit. The total resources within the scope of the mineral rights are 1.027 billion tons of ore, 6.58 million tons of copper metal, and 400,000 tons of molybdenum ore. Through the reconstruction and expansion project of Yulong Copper Mine, Western Mining increased its annual output of copper from 30,000 tons to 130,000 tons. Together with the group's other copper metal mines, Western Mining successfully stepped into the ranks of domestic copper giants.
