Monday 24 October 2011

Dubai firm plans $500 mln copper smelter in Tanzania | Reuters

Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.

City Energy & Infrastructure said it would construct the east African country's first ever copper smelter with a capacity of 300,000 tonnes of blister copper per year.

"The copper refinery will process around 1.2 million tonnes of copper ore per annum. Construction should take about 24 to 36 months," Irfan Khan, a director and shareholder of the company told Reuters.

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