Deerni Copper Mine
Mine Type: Open Pit
Qinghai West Copper Co., Ltd., established in 2003, is located in Dawu town, Maqin County of Guoluo Tibetan Autonomous Prefecture in Qinghai Province. Its registered capital is 120 million yuan, Zijin Mining holding 100%. The core asset is Deerni copper mine. By the end of 2018, it had about 400 employees.
Deerni copper mine is an open-pit mine, has a total ore reserve of 12.8431 million tonnes with an average grade of 1.056% and copper metal reserve of 135,700 tonnes by the end of 2018. It has now formed a production scale of 8,000 tonnes/day with two-stage closed-circuit grinding and deferential flotation. In 2018, West Copper produced 9,194 tonnes of copper; and achieved an operating income of 410 million yuan, total profit of 37.85 million yuan and tax contribution of 52 million yuan. By the end of 2018, the total assets were 832 million yuan, accumulative dividend is 2.769 billion yuan.