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Tibet: China's largest copper deposit to start output in September

August 18, 2008

Reuters
August 15, 2008

SHANGHAI, Aug 15 (Reuters) -- The Yulong Copper mine in Tibet,
China's largest copper deposit, is expected to start production at
the end of September, the Shanghai Securities News said on Friday,
citing a report from the official Xinhua News Agency.

Yulong, which has proven reserves of more than 6.5 million tonnes of
copper in ore and prospective reserves of 10 million tonnes, is
expected to produce 1,800 tonnes of refined copper at the mine's
affiliated smelter in 2008, rising to 30,000 tonnes annually in 2010,
the newspaper said.

Western Mining Co (601168.SS: Quote, Profile, Research, Stock Buzz),
China's seventh-largest copper miner, which holds a 58 percent stake
in the mine, has said Yulong would produce 990,000 tonnes of copper
ore and 30,000 tonnes of refined copper annually after the first
phrase of the project is completed.

(Reporting by Alfred Cang; Editing by Edmund Klamann)
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