London 21/03/2016 - Jiangxi Copper Co is the buyer of MMG Limited’s first shipment of copper concentrates from its Las Bambas mine in Peru, according to a Sunday report from the state-owned Xinhua News Agency.
The first shipment of 11,330 tonnes of copper concentrates had arrived at China’s Nanjing port on Sunday, said the report which was posted on the website of China Minmetals Corp, the majority shareholder of MMG.
The batch of copper concentrate has copper content of up to 48.5 percent and silver content of 293 grams per metric tonne.
The shipment had left the Port of Matarani in Peru on January 15.
Las Bambas is expected to achieve commercial production in the second half of this year, with full 2016 production expected at 250,000-300,000 tonnes.
Once in full production, Las Bambas will have annual nameplate capacity throughput of 51.1 million tonnes and will rank as one of the top three copper producing mines in the world, according to MMG.
The Las Bambas mine owned by a consortium of MMG (62.5 percent), Guoxin International Investment Co (22.5 percent) and CITIC Metal Co (15 percent), which purchased the mine from Glencore in 2014.