As announced today, Yinxin Mining, a subsidiary of the company, received the approval document from the *** Safety Production Committee and will resume production on July 14, 2011.
According to the company's 2010 annual report, Yinxin Mining has identified a total of 2124.49 million tons of ore with retained mines, and the total value of the total metal market identified by the mine has exceeded 18 billion yuan. In 2010, Yinxin Mining had handled more than 200,000 tons of ore, and the average grade of raw ore copper reached 0.99%, achieving a sales revenue of 112 million yuan and a net profit of 45.552 million yuan. The recovery production of Yinxin Mining will give an important boost to the company's 2011 annual results.
According to the company's 2010 annual report, Yinxin Mining has identified a total of 2124.49 million tons of ore with retained mines, and the total value of the total metal market identified by the mine has exceeded 18 billion yuan. In 2010, Yinxin Mining had handled more than 200,000 tons of ore, and the average grade of raw ore copper reached 0.99%, achieving a sales revenue of 112 million yuan and a net profit of 45.552 million yuan. The recovery production of Yinxin Mining will give an important boost to the company's 2011 annual results.
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