CNMC Confirms LCM Restart

17 December 2009 (Last Updated December 17th, 2009 18:30)

China Nonferrous Metal Mining Company (CNMC), owner of the Luanshya Copper Mine (LCM), has confirmed that LCM has restarted copper production. The mine was placed under care and maintenance 11 months ago by previous owner Enya Holdings due to the global economic downturn. CNMC

China Nonferrous Metal Mining Company (CNMC), owner of the Luanshya Copper Mine (LCM), has confirmed that LCM has restarted copper production.

The mine was placed under care and maintenance 11 months ago by previous owner Enya Holdings due to the global economic downturn.

CNMC deputy CEO Xiang Gau said that official production has started, everything is proceeding on target and all the new equipment is working well. Underground blasting has also commenced and new machinery at the mine tested.

"All the crushers and ore receiving bins are functioning well, and we are expected to test the concentrator with other combined equipment at the same time," Gau said.

CNMC has also replaced the 11km conveyor belt for copper ore transport from underground to receiving bins.

CNMC is likely to invest $400m in LCM over the next four years. Enya Holdings sold the mine to CNMC for $50m.