Jinchuan International (02362) The mining business produced 57,929 tons of electrolytic copper and copper concentrate in the first three quarters increased by about 31.6% year-on-year

According to the Zhitong Finance App, Jinchuan International (02362) announced that for the nine months ended September 30, 2026, the Group's mining business produced 57,929 tons of electrolytic copper and copper concentrate, an increase of about 31.6% over 44,024 tons in the same period in 2025. The increase is due to additional contributions from the Musonoi mine (the Group's third operating mine in the Democratic Republic of the Congo (DRC)) since the commencement of commercial operations in November 2025. Copper production was partially offset by reduced production at the Ruashi mine due to unstable power supply to the surrounding national grid, declining ore grade, tight supply of sulfur and sulfuric acid, and maintenance of acid production plants.

During this period, due to additional contributions from the Musonoi mine, the Group produced 6254 tons of cobalt hydroxide, compared to 71 tons in the same period in 2025. The Musonoi mine's high cobalt production during this period was due to its world-class high cobalt grade of about 1%; the Group's Ruashi mine had an average cobalt grade of about 0.3% in the past.

During this period, the Group's mining business sold 58,586 tons of electrolytic copper and copper concentrate with a copper content, an increase of about 39.6% compared to 41,971 tons in the same period in 2025. During this period, the Group sold 494 tons of cobalt and did not sell cobalt during the same period in 2025. However, the sales volume of cobalt hydroxide that has already been sold is relatively low compared to its output, mainly because the Musonoi mine has yet to agree on a cobalt export quota with the Democratic Republic of the Congo (DRC) government. Local management in the Democratic Republic of the Congo (DRC) and South Africa is making every effort to discuss with the Democratic Republic of the Congo (DRC) government to obtain quotas as soon as possible in accordance with current government measures.