SHANGHAI — Henan Yuguang Gold & Lead Co. Ltd., China’s largest lead smelter, plans to boost its lead capacity by 75 percent and zinc capacity by 67 percent by 2015.
The smelter hopes to raise up to 400 million yuan ($64.25 million) in funding through a one-year bill issuance, which it will use to increase working capital and pay off bank loans.
The company will strive to increase its lead capacity to 700,000 tonnes per year by 2015 from 400,000 tonnes currently and its zinc capacity to 500,000 tonnes from 300,000 tonnes.
A version of this article was first published by AMM sister publication Metal Bulletin.