China based China Natural Resources Inc.(CHNR) has acquired Bolivian Copper Smelter Planta Metalurgica Antay Pacha (“Antay Pacha”) for $1.54 Mn.
The smelter is expected to trial run as early as second quarter of 2017 while the commercial production is anticipated to start in the fourth quarter of 2017. The plant was designed with production capacity of 3,000 tons of copper cathodes per annum.
About Planta Metalurgica Antay Pacha (Antay Pacha)
Antay Pacha is a Bolivian company that has involvement in activities related to mining, mineral processing, exploration, treatment, marketing, exporting of mineral and metals.
It mostly does extraction of non – ferrous metal ores in Bolivia.
About China Natural Resources, Inc. (CHNR)
China Natural Resources, Inc. is a holding company incorporated on December 14, 1993. The Company engages in the acquisition and exploitation of mining rights, including the exploration, mineral extraction, processing and sale of iron, zinc and other non-ferrous metals.
It is headquartered in Shenzhen, China, with an office in Hong Kong. CHNR currently has over 300 employees worldwide.