China’s biggest overseas copper mine project in Peru: about 12 million tons of resources, accounting for 19% of the total domestic copper resources
Source: www.mlr.gov.cnCitation: www.chinamining.com.cn Date:Dec.16,2013
The reporter learned from Chalco on 11th, December that Chalco Peru Toromocho copper mine production ceremony, China’s biggest overseas copper mine project, was held in Lima, capital of Peru. This marked that the biggest single copper processing production line was put into operation in the world.
It’s learned that as the biggest single mining project in Peru, the copper resources giant, Chalco Peru Toromocho copper mine ranked the shortest in construction cycle and the highest in equipment level among the same-sized copper mine projects in the world. It was the largest mining project in Peru in recent years. The mine had a possession of about 12 million tons of copper resources, accounting for about 19% of the total domestic copper resources in our country. The project planned to have an annual output of 220,000 tons of copper concentrate, taking a proportion of about 18% of its own domestic production in our country and entered the global top 20 copper mines with more than 30 service years, which would effectively relieve the supply shortage of copper resources and copper concentrates in our country.
It’s reported that Chalco Peru Toromocho copper mine adopted the internationally advanced EPCM construction model for the first time with a number of world-class equipments such as the world’s largest excavator, mining truck, semi-autogenous mill, ball mill, the flotation machine system and so on. Its design, construction and the cost control level took the world’s leading position and the indicators became the new benchmark for global copper project. The project’s production cost was expected to be lower than that of more than 75% copper mines due to the resources endowment, the excellent project design and construction level, the advanced operating mode and management level.
Chalco Peru Toromocho copper mine was a typical success case in China’s investment overseas and a sample project for Chinese enterprises to “go out”. In 2007, the acquisition of Peru mining company enabled Chalco to acquire the world super large copper mine---tens of millions of tons of copper mine in Toromocho located in Peru. During the course of construction and development of Chalco Peru Toromocho copper mine, the export-import bank of China and China development bank had offered substantial supports and helps for the project, creating a positive environment for the smooth operation of the project.
Mr. Xiong Weiping, chairman of Chalco, said that Chalco would vehemently fulfill the social responsibilities and commitments in the future to seek development while improving the local residents’ employment, protecting the local ecological environment and sharing the development fruits with the local residents in the long term. He also hoped that Chalco Peru Toromocho copper mine project would be a model for Sino-Peru cooperation, better promoting the local social and economic development. (Wang Min) (Translated by TLRHVC)
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