According to Chinalco ore milling equipments prospectus

Posted by Xinhongji Refractory on January 24th, 2018

According to Chinalco ore milling equipments prospectus, 92 per cent of households in Morococha, near the mine, have agreed to be resettled in a new town that was completed last year. The firm is still talking to the remaining 8 per cent.
The town’s government had ordered Chinalco ore milling equipment to stop the new towns construction, while the regional government had denied it a building permit.
After filing a constitutional claim and a judicial claim against the governments, the firm obtained a preliminary relief that allowed construction to go ahead.
The claims are pending. If a ruling against the firm is handed down, the resettlement, which Chinalco ore milling equipment aims to complete by March 31, may be halted or delayed.
The firm said the mines operation would not affect the town until seven years after production started, giving it ample time to negotiate for an amicable outcome. The resettlement is estimated to cost US0 million.
CLSA head of resources research Andrew Driscoll said the Toromocho mines development would be straightforward given it is open-cut operation with a typical ore processing route. Other than some typical teething issues, I don’t foresee any major surprises, he said.
Five cornerstone investors - four mainland commodities traders and Chinalcos Australian business partner Rio Tinto - have pledged to buy 62 per cent of the shares on offer. The four traders also agreed to buy 60 per cent of Toromochos output.
Driscoll said this meant lower liquidity of the shares after Chinalco ore milling equipments listing and that they were more suitable for long-term investors.
According to industry consultancy CRU, global copper supply was in deficit last year because of delays in lifting output at new mines. A small surplus is expected for this year, before deficit returns next year. Surpluses are forecast for 2015 and 2016 as new mines come on stream.
China imported 55 per cent of its unrefined copper needs in 2011 to feed its smelters. Imports are forecast to rise sharply in the next few years since supply is expected to grow 3 per cent annually between last year and 2016, much lower than an average 14.3 per cent growth of its smelting volume. Chinese smelters are Toromochos main customers.
ore milling equipment machinery will be used in the deposit of copper ore underneath the ore milling equipment town, which brings ore milling equipment machinery company rivals compete with each other to gain a profit in this business. And no matter which company wins, crusher machines will gain certain percentage in Chinese export business.