Core Viewpoint - China Nonferrous Mining (01258) announced investments in the Luansha New Mine Project to ensure sustainable development and extend the service life of its subsidiary, Luansha Copper Mining Co., Ltd [1] Project Overview - The Mu'nan Shallow and Mahiba mining resource extraction project has a construction period of 2 years and a total service life of 17 years, with a planned annual processing capacity of 800,000 tons of ore and an annual copper concentrate production of approximately 12,000 tons. The total planned investment for this project is about $150 million [1] - The 28th Shaft Sulfide Ore Resource Development Project has a construction period of 4 years and a total service life of 17 years, with a planned annual mining capacity of 2.2 million tons of ore and an annual copper concentrate production of approximately 43,000 tons. The total planned investment for this project is about $530 million [1] Economic Impact - The Luansha New Mine Project is a significant expansion and resource increase initiative for the company, expected to create numerous job opportunities and stimulate local economic development in Zambia. It will also enhance the supply of copper concentrate raw materials for the Qianbixi copper smelting operations, providing substantial returns for shareholders [1] - The company plans to proceed with the construction work as scheduled to expedite the project's completion and production [1]
中国有色矿业：中色卢安夏对卢安夏新矿项目开展投资建设