Zijin Mining announced that the board of directors agreed to establish an internal project for the Junuo copper mining and selection project in Tibet, with a total investment of about RMB 8.393 billion. The project uses open pit mining, with a mining scale of 18 million tons/year. The main products are copper concentrate and molybdenum concentrate. The project is scheduled to be completed and put into operation by the end of June 2026. The production service period will be 26 years, with an average annual production of about 76,000 tons of copper, 19.7 tons of silver, and 1,188 tons of molybdenum after delivery. At present, the project has obtained a number of core formalities prior to commencement of construction. Tibet Zijin Industrial Co., Ltd., a wholly-owned subsidiary of the company, has completed the transfer of 5% of the shares in the project company, and the company's actual equity in the project company increased from 48.591% to 53.591%.

Zhitongcaijing · 10/18 09:49
Zijin Mining announced that the board of directors agreed to establish an internal project for the Junuo copper mining and selection project in Tibet, with a total investment of about RMB 8.393 billion. The project uses open pit mining, with a mining scale of 18 million tons/year. The main products are copper concentrate and molybdenum concentrate. The project is scheduled to be completed and put into operation by the end of June 2026. The production service period will be 26 years, with an average annual production of about 76,000 tons of copper, 19.7 tons of silver, and 1,188 tons of molybdenum after delivery. At present, the project has obtained a number of core formalities prior to commencement of construction. Tibet Zijin Industrial Co., Ltd., a wholly-owned subsidiary of the company, has completed the transfer of 5% of the shares in the project company, and the company's actual equity in the project company increased from 48.591% to 53.591%.