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The world's 20 largest copper mines produce nearly 9 million metric tons of the metal a year, about 40 percent of the globe's total. The world's 20 largest copper mines produce nearly 9 million metric tons of the metal a year, about 40 percent of the globe's total.

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Located in eastern Hubei province, Daye is believed to have been a copper mining district since the seventh century BC. The state-owned Daye Non-Ferrous Metals Co. is China's oldest copper producer. Recent investments have doubled the company's copper smelting capacity to approximately 600,000 tons.

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Copper prices on the London Metal Exchange continued to rally at the close of trading on Wednesday June 6, ending trading 1.6% higher and surpassing $7,200 per tonne for the first time since January 2.

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Its resources include 126,000,000 tons of grading, 43,000,000 tons of copper, and 300,000 tons of cobalt. Copper and cobalt mineralisation occur within the ore shale. Copper mineralisation in the deposits changes from mostly chalcopyrite in the South Orebody, to chalcopyrite-bornite in the Central area and to bornite-chalcopyrite at …