The required approval for the Julong Phase 2 Project has been received from Tibetan authorities, Zijin said, and the company plans to raise the project’s mining and processing capacity from 150,000 tonnes to 350,000 tonnes per day.
If approved, a further expansion plan will roughly double this capacity, making the project the world’s largest single copper mine.
The phase-two project involves a self-financed investment of around USD 2.43 billion, the company said.
Zijin Mining Group undertakes global exploration and development of copper, gold, zinc and lithium. It ranks as China’s largest gold miner, according to Mining.com. The company mined more than 1 million tonnes of copper globally in 2023.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.