Zijin Mining has achieved a major breakthrough in exploration and reserve growth at its overseas large-scale mining projects. 10 Moon 14 Today, Zijin Mining Group announced a new discovery at the Kakula mine section of the Kamoa copper mining area in the Democratic Republic of the Congo (DRC). 940 Ten thousand tons of copper resources bring Kamoa’s total copper reserves to: 3340 10,000 tons, equivalent to China’s current copper resource reserves. 1/3 As a result, the Kamoa copper mine has become the largest copper deposit ever discovered on the African continent and has ranked among the world’s top ten copper mines. Zijin Mining has once again secured substantial copper resources through low-cost geological exploration efforts.

 　 2015 In the year, the economic and mining sectors continued to remain sluggish. Zijin Mining seized the opportunity presented by the severely undervalued mineral resource assets and proceeded with... 25.2 RMB 100 million for the Kamoa Copper Mine 49.5% of shares, initially holding copper resource reserves of approximately 2400 Ten thousand tons, with an average grade of 2.56% 。

　　According to insiders, when acquiring the Kamoa mine, Chen Jinghe, Chairman of Zijin Mining, already believed that the southern Kakula section had favorable mineralization conditions and held the potential for discovering a large-scale deposit.

　　Following the merger and acquisition, Zijin Mining, in partnership with Ivanhoe Mines, has stepped up its exploration efforts in the southern part of the mine—using less than... 1 Over the past year, Zijin Mining has discovered a new ultra-high-grade copper deposit in the Kachula exploration area of this mine, according to... 1% New boundary grade delineation 940 10,000 tons of copper, average grade 3.21% It is a super-large, high-grade copper ore resource. Following the acquisition of the Kamoa Copper Project, Chen Jinghe has once again turned stone into gold, demonstrating Zijin Mining’s low-cost advantage. “ Acupoint-style ” A forward-looking perspective on conducting overseas investments.

　　According to the Zijin announcement, Zijin Mining holds beneficial ownership of kamoa Holding company approx. 54.4% Equity, with equity-based copper resource reserves of approximately 1,700 10,000 tons, making it the largest shareholder in the mine. Based on this calculation, Zijin Mining’s investment per ton of copper acquired for resource development is less than... 200 Yuan Renminbi, significantly lower than 2014-2015 The average resource reserves per ton in global copper M&A deals annually are approximately... 150 The trading price of the U.S. dollar stands in stark contrast to the multi-billion-dollar mergers and acquisitions undertaken by some state-owned enterprises in China, which often involve acquiring overseas copper resources worth tens of billions of dollars.

　　In fact, Chen Jinghe has always demonstrated exceptional insight into geological exploration and investment & mergers. In the early days of Zijin Mining, as the primary discoverer of the Zijinshan gold and copper deposit, Chen Jinghe challenged the conventional wisdom held by experts regarding the Zijinshan gold mine. “ Low grade, small reserves, and significant variability in ore bodies—making it of limited mining value. ” The assertion that, through technological innovation and supplementary exploration, this mine has become... “ China's largest gold mine ” As a model for the comprehensive utilization of low-grade resources, it laid the foundation for Zijin Mining’s rise.

　　Currently, Zijin Mining Resources 60% The mines mentioned above—those that have been acquired through independent exploration and account for roughly half of the Group’s profits—were mostly obtained at relatively low costs during periods of economic downturn. Among domestic projects, mines such as the Asherle Copper Mine, the Shuigongdong Gold Mine in Guizhou, and the Hunchun Shuguang Gold-Copper Mine were either entered by the company at bargain prices, or acquired through the restructuring of long-term loss-making local state-owned enterprises, or else initiated by tackling and overcoming major technical challenges. Through these efforts, the company has managed to achieve significant breakthroughs. “ With illness ” The mine has achieved low-cost entry and high-profit returns.

　　The newly discovered Kakuura ore body not only boasts a large scale but also contains a... 580 Ten thousand tons of copper metal content, average copper grade 6.24% , average thickness 5.91 High-grade ore body of rice, buried depth 130-820 The copper grade is significantly higher than that of the world’s major copper mines today. 0.6–0.8% the average value. Industry insiders believe that after the mine is developed on a large scale, it will become a producer with an annual output of... 50 Large mines with capacities exceeding 10,000 tons are reshaping the distribution pattern of China’s copper supply.

　　Poland, one of the world’s largest copper mines, similar to the Kakula mine section. KGHM The group's Rudna Underground copper mining, with copper metal reserves of: 910 Ten thousand tons, average copper grade 1.78% , average thickness 4 Rice, ore body burial depth 844-1250 Rice, annual copper production 20 Tens of thousands of tons.

　　In contrast, all the indicators of the Kamoa copper mine are superior. Rudna The copper deposit boasts stable resource thickness and minimal grade variation, making it well-suited for large-scale mechanized mining. In particular, its grade is significantly higher than that of existing mines, which makes low-cost operations feasible. The production cost per ton of copper enjoys a strong competitive edge, facilitating rapid capital recovery and effectively mitigating investment risks, thereby bringing substantial benefits to the company.

　　According to the preliminary metallurgical performance tests conducted by Eurasian Resources Group, the copper recovery rate of the ore from this mineralized section can reach: 86% , which is higher than the average level of typical mining areas; the copper grade in the refined powder can reach as high as 50% The above figure is significantly higher than that typically produced by conventional copper mining areas. 30% The taste.

　　It is particularly worth noting that the low impurity content is also a significant advantage of this ore. It is understood that although China is the world’s largest consumer and importer of copper, its copper imports account for approximately... 40% As mentioned above, China is highly dependent on foreign sources. However, our country has stringent environmental standards for imported copper concentrate, with a requirement that the arsenic content must be below— 0.5% and the copper concentrate from this mine contains only a trace amount of arsenic. 0.02% This will enable the mine’s copper concentrate to gain a competitive edge in today’s context of increasingly stringent environmental regulations in China—meeting China’s demand for copper imports while effectively alleviating environmental pressures.

　　According to Zijin Mining, the mineralized zone in this area remains open, implying that there is potential for even greater breakthroughs in resource exploration and reserve growth.