China Knowledge reported that Jinchuan Group Limited, the largest integrated non ferrous metallurgical and chemical engineering enterprise in Asia, has found a new copper nickel deposit in Jiuquan city.

As per report, the proven deposit will largely increase the country's output of copper and nickel, and the preliminary exploration work has started.

Jinchuan will invest CNY 900 million initially in the exploration and mining facilities for the copper nickel deposit. Upon the completion of the first phase, it will have a daily processing capacity of 3,000 tonnes of ore.

Currently, Jinchuan Group has an annual production capacity of 130,000 tonnes of nickel, 200,000 tonnes of copper, 6,000 tonnes of cobalt, 8,000 kilograms of platinum group metals and 1200,000 tonnes of chemical products.