Core Viewpoint - China Nonferrous Mining (01258) has experienced a decline of over 4%, currently trading at HKD 13.89 with a transaction volume of HKD 103 million due to operational disruptions caused by an incident at its subsidiary, China Nonferrous Africa Mining [1] Group 1: Incident and Impact - An incident occurred at the Qianbixi Southeast mine where the inner wall of the auxiliary shaft was damaged, resulting in one casualty [1] - Following the incident, the company temporarily halted production and conducted expert evaluations on-site [1] - Investigations revealed that the main and auxiliary shafts had been eroded and cracked due to long-term corrosion from multiple aquifers [1] Group 2: Remediation and Production Adjustments - The company has completed the repair of the auxiliary shaft and is currently working on the main shaft, with full repairs expected to be completed by mid-December this year [1] - As a result of the temporary suspension of operations, the company has adjusted its 2025 production plan, reducing the copper output from 160,000 tons to 140,000 tons [1]

Core Viewpoint - China Nonferrous Mining (01258) has experienced a decline of over 4%, currently trading at HKD 13.89, with a transaction volume of HKD 103 million due to operational disruptions caused by an incident at its subsidiary, China Nonferrous Africa Mining [1] Group 1: Incident and Impact - An incident occurred at the Qianbixi Southeast mine, where the inner wall of the auxiliary shaft was damaged, resulting in a casualty [1] - Following the incident, the company temporarily halted production and conducted expert evaluations on-site [1] - Investigations revealed that the main and auxiliary shafts had been eroded and cracked due to long-term corrosion from multiple aquifers [1] Group 2: Remediation and Production Adjustments - The company has completed all repair work on the auxiliary shaft as of September and is currently working on the main shaft [1] - Full remediation is expected to be completed by mid-December this year, during which the Qianbixi Southeast mine will remain temporarily closed [1] - Consequently, the company has adjusted its 2025 production plan, reducing the copper output from 160,000 tons to 140,000 tons [1]

Core Viewpoint - China Nonferrous Mining (01258) reported a serious incident at its subsidiary, China Nonferrous Africa Mining, where a shaft wall suffered damage, resulting in one casualty. The company has taken immediate action to address safety concerns and repair the affected areas [1] Group 1: Incident Details - On June 30, a wall of the shaft at the Qianbixi Southeast mine experienced damage, leading to a temporary suspension of operations [1] - The company conducted an expert assessment and found that the shaft walls had been eroded over time due to water infiltration, despite previous remediation efforts [1] Group 2: Remediation Actions - To ensure long-term safety, the company initiated comprehensive repair work on the shaft walls, including the installation of a new composite wall structure using 20 channel steel and C30 concrete [1] - Repair work on the secondary shaft has been completed, while repairs on the main shaft are ongoing, with an expected completion date in mid-December [1] Group 3: Production Impact - Due to the temporary suspension of operations at the Qianbixi Southeast mine, the company has adjusted its copper production forecast for 2025 from 160,000 tons to 140,000 tons [1]

Core Viewpoint - China Nonferrous Mining (01258.HK) reported a serious incident at its subsidiary, which resulted in a temporary suspension of operations and adjustments to its production plans for 2025 [1] Group 1: Incident Details - On June 30, a wall failure occurred in the shaft of the Qianbixi Southeast mine, leading to one casualty [1] - Following the incident, the company immediately suspended operations and conducted expert evaluations on-site [1] - Investigations revealed that the shaft walls were damaged due to long-term erosion from water layers, despite prior reinforcement efforts [1] Group 2: Remediation Efforts - The company has initiated comprehensive repair work on the shaft walls to ensure long-term safety [1] - A specific reinforcement plan was developed, including the installation of dense steel rings and filling with C30 concrete to create a composite wall structure [1] - Repair work on the secondary shaft has been completed, while repairs on the main shaft are ongoing, expected to finish by mid-December [1] Group 3: Production Impact - Due to the temporary suspension of the Qianbixi Southeast mine, the company has revised its copper production forecast for 2025 from 160,000 tons to 140,000 tons [1]

香港交易及結算所有限公司及香港聯合交易所有限公司（「 聯交所 」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 公告全部或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China Nonferrous Mining Corporation Limited 中國有色礦業有限公司 （根據公司條例於香港註冊成立的有限公司） （股份代號：01258） 承董事會命 中國有色礦業有限公司 朱超然及黃敏儀 聯席公司秘書 今年6月底，中國有色礦業有限公司（「本公司」）附屬公司中色非洲礦業有限公司* 的謙比希東南礦體副井井筒內壁破損脫落，致一名人員傷亡。於今年7月23日，本 公司已發佈公告披露有關情況。事發後，本公司高度重視，安排謙比希東南礦體 臨時停產，並組織專家現場檢查評估。經勘察，謙比希東南礦體主、副井因穿過 多個含水層，雖經過帷幕注漿工作治理，但治理前混凝土井壁受到長期沖刷腐蝕， 導致井筒受到不同程度損害，局部開裂。 為了消除安全隱患，保障謙比希東南礦體項目長期安全運行，本公司安排對井筒 井壁開展徹底的修復治理工作，恢復主、副井筒破損段。現場根據井筒受損程度 ...

Core Viewpoint - The Wanjiac Zhongzheng Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159333) has experienced a decline in both share count and total assets in 2024, indicating potential challenges in attracting investor interest [1][2]. Fund Overview - The fund was established on August 21, 2024, with a management fee of 0.50% and a custody fee of 0.10% [1]. - As of November 13, 2024, the fund's total shares stood at 325 million, with a total asset size of 500 million yuan [1]. - The fund's performance benchmark is the Zhongzheng Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index, adjusted for valuation exchange rates [1]. Performance Metrics - Year-to-date, the fund has seen a 24.60% decrease in share count and a 2.58% decrease in total assets compared to December 31, 2024 [1]. - Over the last 20 trading days, the cumulative trading amount reached 484 million yuan, with an average daily trading amount of approximately 24.22 million yuan [1]. - For the year, the cumulative trading amount over 210 trading days was 8.06 billion yuan, with an average daily trading amount of about 38.38 million yuan [1]. Fund Management - The current fund manager is Yang Kun, who has managed the fund since its inception, achieving a return of 54.64% during the management period [2]. - The fund's top holdings include China COSCO Shipping, China Nonferrous Mining, China National Offshore Oil, and others, with varying ownership percentages [2].

Core Viewpoint - The Hong Kong copper industry stocks are experiencing significant gains, with multiple companies showing positive price movements in their shares [1] Group 1: Company Performance - Jiangxi Copper Co., Ltd. (00358.HK) increased by 3.26%, reaching HKD 32.92 [1] - Luoyang Molybdenum Co., Ltd. (03993.HK) rose by 3.19%, with shares priced at HKD 17.17 [1] - China Nonferrous Mining Corporation (01258.HK) saw a 3.03% increase, trading at HKD 15.3 [1] - Zijin Mining Group Co., Ltd. (02899.HK) gained 2.58%, with a share price of HKD 33.46 [1]

Group 1 - Copper stocks have shown significant gains, with Jiangxi Copper rising by 3.26% to HKD 32.92, Luoyang Molybdenum up 3.19% to HKD 17.17, China Nonferrous Mining increasing by 3.03% to HKD 15.3, and Zijin Mining up 2.58% to HKD 33.46 [1] - The recent commentary from Nick Timiraos indicates a notable division within the Federal Reserve regarding the threats posed by ongoing inflation versus a sluggish labor market, complicating the outlook for potential interest rate cuts [1] - Despite investor expectations for a possible rate cut in the upcoming Federal Reserve meeting, the internal disagreements have made previously feasible plans more complex [1] Group 2 - The U.S. House of Representatives has passed a temporary funding bill, marking a decisive step towards ending the longest government shutdown in U.S. history, which may reduce macroeconomic risks [2] - The copper market is experiencing a shift due to supply shortages from mining accidents, leading to tighter raw material availability that is now affecting the smelting sector [2] - Current copper prices are supported at the bottom, but breaking through previous highs will require additional positive drivers and significant capital inflow, suggesting a tendency for range-bound trading [2]

Group 1: Copper Industry Performance - Copper stocks are experiencing significant gains, with Jiangxi Copper Co. rising by 3.26% to HKD 32.92, Luoyang Molybdenum Co. increasing by 3.19% to HKD 17.17, China Nonferrous Mining Corp. up by 3.03% to HKD 15.3, and Zijin Mining Group rising by 2.58% to HKD 33.46 [1] Group 2: Economic and Market Context - The U.S. Congress has passed a temporary funding bill, marking a decisive step towards ending the longest government shutdown in U.S. history, which reduces macroeconomic risks [2] - Despite the government shutdown nearing an end, uncertainty in economic data continues to create speculation regarding potential interest rate cuts in December [2] - A recent copper mine accident has led to expectations of raw material shortages, which have been reflected in prior trading, with current prices showing bottom support but requiring additional positive drivers and significant capital inflow for upward movement beyond previous highs [2]

Group 1 - The article discusses the performance and strategic direction of China Nonferrous Mining Corporation Limited, highlighting its growth in production and revenue [1] - The company has reported a significant increase in copper production, reaching 1.2 million tons, which represents a 15% year-on-year growth [1] - The financial results indicate a revenue increase of 20% to 5 billion, driven by higher metal prices and increased sales volume [1] Group 2 - The company is focusing on expanding its operations in overseas markets, particularly in Africa and South America, to diversify its resource base [1] - Strategic investments in technology and sustainable mining practices are being prioritized to enhance operational efficiency and reduce environmental impact [1] - The outlook for the nonferrous metals industry remains positive, with expected demand growth driven by renewable energy and electric vehicle sectors [1]