Giant Copper Smelting and Electrolytic Copper Foil Project Settled in Jiangxi

Giant Copper Smelting and Electrolytic Copper Foil Project Settled in Jiangxi

At the end of this April,Weng Hao,President of Western Mining Holding Co.,Ltd.,made a survey in Ruichang,Jiangxi.After negotiations,the company inked an investment agreement with the government of Ruichang.According to the agreement,Shenzhen Western Mining Investment Co.,Ltd.,a wholly-owned subsidiary of Western Mining Holding Co.,Ltd.,will establish an enterprise in Ruichang city,Jiangxi.With a total investment of RMB 3.8 billion,the project involves building a 150,000-ton copper smelting line and a 20,000-ton electrolytic copper foil production line.Upon completion,the project is expected to generate annual production value of approximately RMB 12 billion and achieve revenue of approximately 0.7 billion per year.

As a member of America Mining Holding Co.,Ltd.,Western Mining Holding Co.,Ltd.was

founded in Hong Kong in August 2010.It is a mining company mainly engaged in excavation and distribution of gold,copper,molybdenum,cobalt and nickel,etc.,which boasts abundant mineral resources overseas.Ruichang city has great advantages with 19.5km-long bank line along the Yangtze River.