Linchuan Newly Signed Agreement to Invest 280 million yuan Refined Copper Project

According to news reported by domestic media, Linchuan District newly signed agreement to invest a 280 million yuan refined copper roject, in which fixed asset investment is 180 million yuan.

This Project is invested by Yunnan visiting businessmen in Fubei Industrial Park, Jiangxi Province, with a land area of about 45 mu, it mainly produces electrolytic copper, the Project is conducted in two phases, Phase I Project plans to start construction at the end of the year, and will be launched into production in June next year, it is expected to realize main business income of 130 million yuan, and pay tax of 50 million yuan; Phase II Project is scheduled to start construction at the end of July next year, and launched into production at the end of 2011. After the whole project is completed and launched into production, it is expected to be able to produce 100,000 tons refined copper each year, realize main business income of 4.5 billion yuan, and generate profit tax of 150 million yuan, capable of offering jobs to 600 persons.