The city of Xiaoyi, Shanxi province，got provincial development and reform commission approval, recently, for its first foreign investment project, involving Brazil's Realeza Copper Mine.
The project site is the city of Realeza, in Parana state, Brazil, costing $23.8 million and covering a 7-sq–km area, with mineral reserves estimated at 4.3 million tons.
Project backing comes from the Dongxing Industrial Co, which covers manufacturing, hotels, and real-estate development.
The mine is expected to produce 120,000 tons of high-quality pure copper each year.
This project sets a precedent for Xiaoyi private companies in foreign markets and provides useful experience for the city's industrial adjustment.
Edited by Roger Bradshaw
