Sudbury Saturday Night -- Nickel Mining & Nickel Prices Message Board

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Gold/Mining/Energy : Sudbury Saturday Night -- Nickel Mining & Nickel Prices

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From: LoneClone	3/15/2007 9:33:51 AM
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Chinese Yuanjiang holds 2007 electrolytic nickel output at 700 mt Source: Platts metalsplace.com China's Yuanjiang Nickel Industry Ltd. plans to produce 700 mt of electrolytic nickel in 2007, unchanged from the output in 2006, a company official said Wednesday. The company has a designed capacity of 2,000 mt/year of electrolytic nickel. The official added that the company will produce about 2,000 mt of nickel concentrate in 2007, up 67% from 1,200 mt produced in 2006. Yuanjiang has reserves of 530,000 mt of nickel and is located in Yuxi, Yunnan Province. The company is currently embarking on the expansion project through the construction of a 5,000 mt/year integrated complex, which will produce nickel concentrate and electrolytic nickel. The completion date has not been confirmed yet. Meanwhile, China's Sino Platinum Metals Co. Ltd. completed the takeover of 98% stake interest in Yuanjiang Nickel Industry Ltd. from Yunnan Group in mid 2006. Sino Platinum is a specialized company engaged in the research, development, production and operation of serial functional materials of precious metal, while Yunnan Group is a major tin producer in the country.

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