In 2001, the second phase of development of the Guixi smelter successfully achieved its production and quality standards in full scale operation - annually producing some 226,100 tons of copper cathode, 811,000 tons of sulfuric acid, 6.5 tons of gold, and 110 tons of silver. In major technical measures such as ore yield/operating ratio, furnace yield, gross sulfate recovery rate, etc, the smelter was up to or surpassed world-accepted levels. Its products showed strong export acceptance worldwide. Presently, JXCC operates its trade business, economic cooperation and technical exchanges in more than thirty countries and regions.

China United Copper Co., Ltd. (CUC) www.cucltd.com

January 3, 2010 - China largest and third largest copper producers Jiangxi Copper Corporation and Yunnan Copper Company Limited respectively have become partners with China Minmetals Group and Aluminum Corporation of China Limited and now Tongling Nonferrous Metals which is the second largest copper producer has finally found someone to fall back on.  Tongling Nonferrous announced December 29th 2009 that its majority shareholder Tongling Nonferrous Metals Group Holdings Company Limited have joined China Railway Construction Corporation and acquired 66.67% of the shares of Canada's Corriente Resources with CNY 4.41 billion.
Tongling Nonferrous Metals Group defeated many competitors for the acquisition. According to Reuters news agency last year, companies including Tongling Nonferrous Metals Group, the world's fourth largest copper producer Switzerland's Xstratar Company and the world's largest copper miner Chile's state copper company Codelco all expressed interest in participating in Corriente Resources' Panantza, San Carlos project in southern Ecuador.
Compared with domestic counterparts, the acquisition mode is very similar to an overseas acquisition case by China Minmetals Group and Jiangxi Copper 2 years ago. Tongling Nonferrous Metals Group first set up a joint venture company with China Railway Construction Investment Company Limited and then acquired Corriente Resources through this JV.
Although Corriente Resources is listed on the Toronto Stock Exchange and the New York Stock Exchange at the same time, its main asset lies in mineral assets and mineral interest in the Corriente Copper Belt in southeastern Ecuador.
Now these 3 companies have found partners, the current pattern of competition in the domestic copper industry has also changed. China Railway Construction which had never been in the mining industry said its Board of Directors meeting held October 27th 2009 has decided to make mineral resources development one of the company's main businesses. This adds another central enterprise in the mining industry.
(Sourced from People's Daily Online)

August 26, 2009 - Jiangxi Copper Company Limited reported lower net profits in the H1 of 2009 due to low nonferrous metal product prices in the period.   Jiangxi Copper saw its net profit and total sales revenue slide by 60.99% and 23.57% YoY respectively to CNY 1.2 billion and CNY 21.35 billion in the first 6 months of 2009. The company attributed the falls to sluggish copper and sulfuric acid prices during the period compared to those of the previous year.   Jiangxi Copper produced 370,000 tonnes of refined copper, 215,000 tonnes of copper wire and rod, 10.01 tonnes of gold, 239 tonnes of silver and 1.1 million tonnes of sulfuric acid in the 6 month period.

May 20, 2009 - Jiangxi Copper Co, China's top integrated producer, will resume full production in June after it finishes repair work on an oxygen generator at its main Guixi smelter.  Li Yihuang said Jiangxi Copper, which produced nearly 20% of China's refined copper output last year, would be able to meet its 2009 output target of 800,000t of refined copper despite the repair, which started in late December.  "We will be making final adjustments to the generator in June," Mr Li told Reuters on the sidelines of an investment fair in Hong Kong that was organised by the Jiangxi provincial government.  The repair would reduce copper production by 80,000-90,000t this year, Pan Qifang, Jiangxi Copper's spokesman, said. That will be lower than the 120,000t the firm had expected.  "We bought oxygen to cover part of our needs in the first half, making the output loss smaller," Mr Pan told Reuters from the headquarters in Guixi city in Jiangxi.  The oxygen generator at the smelter, which represents 45% of total oxygen generation volume, is part of the system supplying the firm's 600,000t/y designed smelting capacity, using copper concentrate as feed.   The firm also operates another 200,000t of designed smelting capacity using scrap as feed in Guixi, whose operations were not affected. Mr Pan said the two smelting systems could run above designed capacity and reach a total of 900,000t/y. It also had 900,000t of annual refining capacity.  Mr Li, also the president of Jiangxi Copper's parent, said the parent company was building a 100,000t/y copper strip plant in Jiangxi province, but gave no details. But the provincial government, which controls the parent company, is inviting investors to jointly build that plant with total investment of Yu2.7 billion (US$395.9 million), provincial officials told the same investment fair.  Jiangxi Copper already operates semi-finished copper products plants with nearly 500,000t/y capacity in China, the world's top user of the metal.