Source: Mining
From left to right, Chen Bo, Wu Qiqi and Qiu Guozhu are in order
Another world-class mine project under Zijin Mining ushered in a highlight moment - on October 22, Belgrade time, the official commissioning ceremony of the Chukalu Peggy Copper and Gold Mine in Serbia was held in Pol, where the project is located.
Serbian President Vucic, Chinese Ambassador to Cyprus Chen Bo, and Zijin Mining Chairman Chen Jinghe Special Representative Qiu Guozhu jointly touched the start switch, symbolizing the important cooperation project of the "Belt and Road" between China and Serbia, and the official launch of another world-class mine of Zijin Mining, which also means that the company has taken a big step towards the goal of catching up with the world's super-first-class mining companies.
"This mine looks so spectacular, I never dreamed it would look like this!" Vučić was amazed after visiting the Chukalu Peggy Copper-Gold Mine.
Vučić noted that Zijin Mining's new $474 million Peggy Copper-Gold Mine will be The first green mine in Serbia, which means using modern technology in the ore mining process to meet the highest standards in the field of environmental protection.
Vucic spoke highly of Peggy's project and thanked Zijin for creating a better future for eastern Cyprus. He pointed out that since Zijin invested, the average salary of employees has increased by 50%, the tax on ore resources has increased by 3 times, zijin has become one of the largest exporters in Cyprus, making great contributions to the Serbian economy and employment, and Serbia has also jumped to become the second largest copper producer in Europe. Zijin's "high-level" and "modern" new mines are worth learning from Serbia, the new mines will not only create "profits" for enterprises, but also create "profits" for the entire eastern part of Serbia, calling on all people who have left the east to return to this land and build a better future with family and friends.
At present, two of Serbia's three major export enterprises are from China. "None of this would have happened without our Chinese friends." Vucic said that we must thank the Chinese partners, the Chinese state leaders and the Chinese government for their deep friendship.
Ambassador Chen Bo said that he was pleased to see that the investment and operation project of Chinese enterprises will become the first "green mine" in Cyprus and will continue to operate the mine in accordance with the standards of China, Cyprus and Europe in the field of environmental protection. The commissioning of the Peggy project is of great significance to the Cypriot economy, Sino-Cypriot cooperation and local surrounding residents, and is a concrete embodiment of the achievements of Sino-Cypriot cooperation.
Chairman Chen Jinghe sent a handwritten letter to President Vucic, expressing his most sincere gratitude to the President for the ceremony, pointing out that the commissioning of the Peggy project is of great strategic significance to Zijin, and the company is confident to work with the Serbian government and people to build the Peggy project into a landmark mining development project in Serbia, Europe and the world.
Chen Jinghe said that President Wučić's personal visit to the peggy project commissioning ceremony is a full affirmation of the project construction work and an honor for Zijin. The Peggy project will make a significant contribution to Zijin Mining's copper and gold production and profits this year and next. More importantly, the follow-up will also start the large-scale development of the lower mining belt of the Peggy Project, and its impact will be even greater!
The Peggy Copper-Gold Mine Upper Belt Mining and Dressing Project is designed to process 3.3 million tonnes of ore per year, with the first mining section being an ultra-high grade orebody, and is expected to produce 50,000 tonnes of concentrates containing 50,000 tonnes of copper and 3 tonnes of gold in 2021.
In 2018 and 2019, the Company acquired the upper and lower belts of the Peggy Copper-Gold Mine, respectively, and held a 100% interest in the project. At the beginning of 2019, the Zijin team moved in, completed the construction task of the upper mining and dressing project in about two and a half years, and entered the trial production stage in June 2021, reaching the acceptance conditions in a short period of time and realizing the smooth transition from project construction to production and operation.
Peggy Copper & Gold Mine is the second world-class mine completed and put into operation by Zijin Mining this year, and is one of the world's top ten high-grade super-large copper and gold mines wholly owned by the company, divided into the upper ore belt and the lower ore belt. The upper ore belt has resource reserves of 1.28 million tons of copper metal, an average grade of 3%, 81 tons of gold metal, an average grade of 1.91 grams/t, the first mining section is an ultra-high grade ore body, and the average annual output of copper is expected to be 91,400 tons and 2.5 tons of gold after commissioning, of which the peak annual output is expected to produce 135,000 tons of copper and 6.1 tons of gold. According to the current high copper and gold prices, the Peggy project will become another important profit contribution point for Zijin Mining, bringing rich benefits to the company. In addition, the lower belt has resources of 14.3 million tonnes of copper at an average grade of 0.86% and 299 tonnes of gold at an average grade of 0.18 g/t.
About 5 kilometers from the Peggy Copper-Gold Project, there is a large-scale Copper-producing Copper Mine under zijin. The combined copper-gold resources of the Peggy Copper-Gold Mine and the Bohr Copper Mine exceed 25 million tons, and the gold metal resources exceed 740 tons. The large-scale collaborative development of the two major projects will accelerate the efficiency level of Zijin Mining.
Relying on systematic independent technology research and development and engineering design and implementation capabilities, it has achieved the "zijin speed" of accelerating catch-up. At the end of May, the first phase of the Kamoa-Kakula Copper Mine, a world-class copper mine under Zijin Mining, was completed and put into operation. Recently, the construction of the 3.8 million tons/year processing plant in the second phase of the Kakula Copper Mine has advanced beyond the plan, and production is expected to start in the second quarter of 2022, several months earlier than originally planned. In addition, the company's largest porphyry copper mine in Tibet, the Dragon Dragon Copper Mine, is also accelerating construction and will be completed and put into operation by the end of this year.
The ceremony was also attended by former Serbian President Tomislav Nikolic, Deputy Prime Minister and Minister of Mines and Energy Zorana Mikhailovic, Minister of Environmental Protection, Secretary of State of the Ministry of Economy, Governor of the National Bank, Governor of Bohr, Mayor of Pohr and more than 300 government officials, representatives of the Embassy in Cyprus and representatives of mainstream media and enterprises in China and Cyprus.
This article is from the [Mining Industry] and only represents the author's views. The National Party Media Information Public Platform provides information dissemination services.
ID：jrtt