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Operations
Mainland China
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Saindak Copper-Gold Project (SCGP) in Pakistan
SCGP is a copper mining project owned by Government of Pakistan. The MCC Holding Hong Kong Corp. Ltd. and MCC Petroli Hong Kong Corp. Ltd. constructed the project under agreement with Government of Pakistan from 1990–1995 on turnkey basis. The project remained idle up to 2002, when Pakistan's government sought for foreign investors to provide funding for the project. The MCC won the bidding for a 10-year lease up to October 2012 and started the commercial production of the SCGP.[2] The agreement was further extended for a period of 5 years up to October 2017.[3] The agreement was again extended for another period of 5 years up to October 2022.
Copper mining in Afghanistan
In 2007, China Metallurgical Group Corporation won the bidding for the price of US Dollars 909 million. Presently it is moving ahead with a copper mining project in Aynak, Afghanistan. In December 2009 there were about 3000 Afghan workers and about 70 Chinese engineers on site.[4]
As of 2021, the project is not yet starting the construction phase.[5]
Nickel mining in Papua New Guinea
Ramu NiCo Management (MCC) Limited ('Ramu NiCo') is currently constructing a nickel mine in mountains above the Ramu River and processing plant on the Rai Coast of the Madang Province of Papua New Guinea. Ramu NiCo's web site says the company is 'sponsored by' China Metallurgical Group Corporation and that at US$1.4 billion its project is China's largest overseas mining investment. The company says the project has a total reserve of 140 million tons of nickel and will have a mine life of 40 years.[6]
The project has sparked controversy over its deep sea tailings disposal plan, previously approved by the PNG Department of Environment and Conservation, and blasting work to build the outlet was halted by an injunction in the National Court of Papua New Guinea on 19 March 2010.[7][unreliable source?][8]
^"Saindak Copper-Gold Project: Govt moves to transfer ownership to Balochistan - The Express Tribune". The Express Tribune. 2013-10-27. Retrieved 2017-03-06.
^"Balochistan likely to demand Saindak handover". The Nation. Retrieved 2017-03-06.
metallurgical, corporation, china, confused, with, china, metallurgical, group, corporation, parent, company, which, also, abbreviated, limited, listed, company, shanghai, hong, kong, stock, exchanges, subsidiary, china, metallurgical, group, corporation, past. Not to be confused with China Metallurgical Group Corporation the parent company which is also abbreviated as MCC Metallurgical Corporation of China Limited is a listed company in Shanghai and Hong Kong stock exchanges It is a subsidiary of China Metallurgical Group Corporation MCC In the past Baosteel Group was a minority shareholder when Metallurgical Corporation of ChinaNative name中国冶金科工股份有限公司TypePublicTraded asSSE 601618 A shares SEHK 1618 H shares IndustryMining Real EstateFounded2008HeadquartersBeijing ChinaArea servedWorldwideKey peopleGuo Wenqing 国文清 Chairman Revenue 215 785 772 000 RMB 2014 Net income 3 964 938 000 RMB 2014 Total assets 325 978 479 000 RMB 2014 Total equity 47 337 257 000 RMB 2014 OwnerCentral Government of China indirect General PublicParentChina Metallurgical Group Corporation 64 18 1 Websitewww mcc com cnMetallurgical Corporation of China LimitedSimplified Chinese中国冶金科工股份有限公司Traditional Chinese中國冶金科工股份有限公司TranscriptionsContents 1 History 2 Operations 2 1 Mainland China 2 2 Saindak Copper Gold Project SCGP in Pakistan 2 3 Copper mining in Afghanistan 2 4 Nickel mining in Papua New Guinea 3 References 4 External linksHistory EditThis section needs expansion You can help by adding to it September 2021 Operations EditMainland China Edit This section needs expansion You can help by adding to it September 2021 Saindak Copper Gold Project SCGP in Pakistan Edit SCGP is a copper mining project owned by Government of Pakistan The MCC Holding Hong Kong Corp Ltd and MCC Petroli Hong Kong Corp Ltd constructed the project under agreement with Government of Pakistan from 1990 1995 on turnkey basis The project remained idle up to 2002 when Pakistan s government sought for foreign investors to provide funding for the project The MCC won the bidding for a 10 year lease up to October 2012 and started the commercial production of the SCGP 2 The agreement was further extended for a period of 5 years up to October 2017 3 The agreement was again extended for another period of 5 years up to October 2022 Copper mining in Afghanistan Edit In 2007 China Metallurgical Group Corporation won the bidding for the price of US Dollars 909 million Presently it is moving ahead with a copper mining project in Aynak Afghanistan In December 2009 there were about 3000 Afghan workers and about 70 Chinese engineers on site 4 As of 2021 the project is not yet starting the construction phase 5 Nickel mining in Papua New Guinea Edit Ramu NiCo Management MCC Limited Ramu NiCo is currently constructing a nickel mine in mountains above the Ramu River and processing plant on the Rai Coast of the Madang Province of Papua New Guinea Ramu NiCo s web site says the company is sponsored by China Metallurgical Group Corporation and that at US 1 4 billion its project is China s largest overseas mining investment The company says the project has a total reserve of 140 million tons of nickel and will have a mine life of 40 years 6 The project has sparked controversy over its deep sea tailings disposal plan previously approved by the PNG Department of Environment and Conservation and blasting work to build the outlet was halted by an injunction in the National Court of Papua New Guinea on 19 March 2010 7 unreliable source 8 References Edit 2014 annual report permanent dead link in Chinese Saindak Copper Gold Project Govt moves to transfer ownership to Balochistan The Express Tribune The Express Tribune 2013 10 27 Retrieved 2017 03 06 Balochistan likely to demand Saindak handover The Nation Retrieved 2017 03 06 Christian Neef 2009 Spiegel No 52 a href Template Cite news html title Template Cite news cite news a Missing or empty title help Zhōngguo zhōngye Afuhan ainake tongkuang xiangmu zanwei shizhixing kaigōng jianshe 中国中冶 阿富汗艾娜克铜矿项目暂未实质性开工建设 eastmoney com in Chinese China 20 August 2021 Retrieved 29 September 2021 Home ramunico com Landowners get temporary injunction to stop construction work 20 March 2010 Court injunction halts Ramu s underwater tailings displacement facility External links EditOfficial Site Retrieved from https en wikipedia org w index php title Metallurgical Corporation of China amp oldid 1117281980, wikipedia, wiki, book, books, library,
