Explore the geometry of Galeno Project, Cajamarca,
Peru through detailed
Google satellite imagery. To Pan: click and drag the map. Take advantage of the
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Jiangxi Copper to Raise $1 Billion to Fund Mines
Aug. 26, 2010. Source:
Jiangxi Copper Co., China’s largest producer of the metal, plans to raise 6.75 billion yuan ($1 billion) from exercising warrants issued in 2008 to fund projects in Peru and Afghanistan.
The funds will be used to expand production at Dexing mine in Jiangxi, the Aynak copper mine in Afghanistan and the Northern Peru Copper Corp. project, the company said in a statement to the Hong Kong stock exchange last night.
The company said it will exercise the warrants from Sept. 27 to Oct. 8. Jiangxi Copper and partner China Minmetals Nonferrous Metals Co. bought Northern Peru Copper Corp. for C$455 million ($430 million) to develop the Galeno copper and gold deposit in Peru.
Jiangxi Copper Corporation
Established in 1979, Jiangxi Copper Corporation (JCC) has gone through 30 years development, and is now the largest copper producer and copper fabricator in China, also a fundamental supplier for gold, silver, selenium, tellurium, rhenium, as well as sulphide chemicals. The company represents the flagship of China’s copper industry. Source:
Galeno Copper Mine Project
China Minmetals Corp, a major State-owned metals and mineral trader, expects to begin construction of the Galeno copper mine in Peru next year and production by 2012, the company's assistant president Zhang Shoulian said yesterday.
The Galeno copper mine, purchased jointly by China Minmetals and Jiangxi
Copper Co early last year, is believed
to have 20 years of mine life and an
annual production estimate of 144,000
"We plan to start production at Galeno by early 2012, as we have already completed the systematic feasibility studies on the mine," Zhang told reporters on the sidelines of the China Mining Congress being held in Tianjin. Source:
ChinaDaily.com.cn, October 22, 2009.
Open Pit Mining
Open-pit mining, also known as open-cast mining, open-cut mining, and strip mining, refers to a method of extracting rock or minerals from the earth by their removal from an open pit or borrow.
Open pit mining.