The Mirador Copper Mine invested by China Railway Construction Corporation-Tongguan Investment Co Ltd was completed and put into operation on July 18, Ecuador local time.
Invested, designed, built, and will be operated by the Chinese side, the copper mine is not only the first large-scale solid mine development project in Ecuador, but also the largest single outbound investment project Anhui has made for the implementation of the Belt and Road Initiative.
The Mirador Copper Mine was jointly invested in by Tongling Nonferrous Metal Group Holdings Co Ltd and China Railway Construction Corporation Limited. The former invested 70 percent of the total.
The total investment in the first phase of the mine was US$1.89 billion, with the design of an annual ore-milling capacity of 20 million tons. Upon completion, the annual production of copper concentrate will reach 354,000 tons and the copper metal, 96,000 tons. (translated by Wang Jiwan)