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The mine has reserves of 1.29 million tons of zinc, 200,000 tons of lead, 80,000 tons of copper, 663.8 tons of associated sliver, and 15.41 tons of gold. And these ores contain 10.02% of zinc, 1.57% of lead, 0.64% of copper, 100 grams of silver per ton, and 2 grams of gold per ton on average.
The project is expected to start operating at 2010-end and is designed to be capable of processing 1 million tons of ores every year and have a life of 20 years.
Zijin Mining previously acquired a 70% stake in a subsidiary of Heilongjiang Longxing International Resource Development Group, which won exploitation right of the mine for RUB 742.5 million, and renamed the subsidiary as Heilongjiang Zijin Longxing Mining Co., Ltd. It latter gained green light from China's National Development and Reform Commission for the project.
From dycj.ynet.com, Page 1, Wednesday, August 06, 2008 info@SinoCast.Com
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