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The first Chinese-designed Australian copper mine officially opened

 Last Update: 2022-12-03
 Source: Internet
 Author: User

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Australia's Rockland Copper Mine announced official operation on October 28, the first Australian copper mine
designed and built by a Chinese company.
The mine is located in northwest Queensland, Australia and is a wholly owned subsidiary
of CuDeco Mining Company, controlled by China Oceanwide International Investment Co.
, Ltd.
The copper mine was designed and built
by a Chinese company led by China Steel Equipment Co.
, Ltd.

Based on the mining plan over the next 10 years, Rockland Copper is expected to generate A$1.
93 billion (approximately US$0.
76 per A$1) in revenue and net operating cash flow of $631 million
.

Jiang Jiqing, consul for economic and commercial affairs at the Chinese Consulate General in Brisbane, said the Rockland copper mine project proved that "Chinese investment in Australia is mutually beneficial and win-win, and it is hoped that Australian governments at all levels and relevant departments will create a fair and transparent investment environment for Chinese enterprises to invest in Australia"
.

CuDeco Managing Director Chen Diemin said that with the support of the Australian federal and state governments, the company is determined to make this Chinese investment project attractive to
all stakeholders.

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