CHILE, CHINA TO ESTABLISH PEKING COPPER PLANT

  The Chilean state copper corporation,
  Codelco, the privately-owned Chilean copper fabricator Madeco
  and Chinese interests are to establish a copper tube plant in
  Peking, Codelco's U.K. Subsidiary Chile Copper Ltd said.
      The plant is designed to produce 5,000 tonnes in the first
  five years and 8,000 tonnes as from year six. Total investment
  is estimated at 10 mln dlrs, of which the Chileans will
  contribute two mln.
      Codelco and Madeco have formed the Chilean Wrought Copper
  Company to take a 50 pct stake in a new company called Peking
  Santiago Tube Company with the Chinese holding the other half.
  

