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(Yicai Global) Dec. 29 -- China Nonferrous Metal Industry’s Foreign Engineering and Construction has scored its second contract in less than three weeks with Indonesia’s PT Amman Mineral International, this time to build supporting facilities for a copper smelter plant that the leading Chinese nonferrous metal miner is also constructing.
The latest contract, worth USD354 million, is to build a plant headquarters and port facilities at Benete Bay near the Southeast Asian country’s second largest copper-gold mine Batu Hijau, which is owned by Amman Mineral, the Beijing-based company said yesterday. It should be finished in just under three years’ time.
Nonferrous Metal just penned a USD554 million contract on Dec. 13 with the Jakarta-based mining company to build a copper smelter plant at the mine in Pulau Sumbawa, West Nusa Tenggara province that will be able to process 900,000 tons of copper concentrate a year.
There will be an annual output of 220,000 tons of cathode copper, 17.8 tons of gold and 54.8 tons of silver, according to an earlier announcement on the Ministry of Foreign Affairs’ website.
Nonferrous Metal’s stock price [SHE:000758] closed up 0.19 percent at CNY5.41 (USD0.85) today.
Editor: Kim Taylor