Giant Copper Smelting and Electrolytic Copper Foil Project Settled in Jiangxi

At the end of this April,Weng Hao,President of Western Mining Holding Co.,Ltd.,made a survey in Ruichang,Jiangxi.After negotiations,the company inked an investment agreement with the government of Ruichang.According to the agreement,Shenzhen Western Mining Investment Co.,Ltd.,a wholly-owned subsidiary of Western Mining Holding Co.,Ltd.,will establish an enterprise in Ruichang city,Jiangxi.With a total investment of RMB 3.8 billion,the project involves building a 150,000-ton copper smelting line and a 20,000-ton electrolytic copper foil production line.Upon completion,the project is expected to generate annual production value of approximately RMB 12 billion and achieve revenue of approximately 0.7 billion per year.

As a member of America Mining Holding Co.,Ltd.,Western Mining Holding Co.,Ltd.was

founded in Hong Kong in August 2010.It is a mining company mainly engaged in excavation and distribution of gold,copper,molybdenum,cobalt and nickel,etc.,which boasts abundant mineral resources overseas.Ruichang city has great advantages with 19.5km-long bank line along the Yangtze River.