Core Viewpoint - Luoyang Molybdenum (603993.SH) plans to invest $1.084 billion in the KFM Phase II project in the Democratic Republic of Congo, aiming to enhance its copper production capacity [1] Investment Details - The funding for the project will come from the company's own funds and self-raised capital [1] - The construction period is set for 2 years, with the project expected to be completed and operational by 2027 [1] Production Capacity - The project is expected to increase the ore processing capacity by 7.26 million tons per year [1] - Upon reaching full production, the project is anticipated to add an average of 100,000 tons of copper metal annually [1]

洛阳钼业（603993）(603993.SH)公告，公司拟投资不超过10.84亿美元建设刚果(金)KFM二期工程，项 目资金来源为公司自有资金和自筹资金。项目建设期2年，拟于2027年建成投产，预计新增原矿处理规 模726万吨/年，达产后预计新增年平均10万吨铜金属。 ...

Core Viewpoint - Luoyang Molybdenum (603993) announced the appointment of Mr. Peng Xuhui as President and CEO, and Mr. Branko Buhavac as Vice President and Chief Commercial Officer [1] Group 1 - The company has made significant leadership changes by appointing a new President and CEO [1] - The appointment of a new Vice President and Chief Commercial Officer indicates a strategic shift in the company's management [1]

Group 1 - The company announced the appointment of Mr. Peng Xuhui as a candidate for the executive director of the seventh board, with a term from the date of shareholder meeting approval until the annual shareholder meeting in 2026 [1] - Mr. Peng Xuhui has been appointed as the president and CEO of the company, while Mr. Branko Buhavac has been appointed as the vice president and chief commercial officer [1] - The terms for the newly appointed executives will also last until the annual shareholder meeting in 2026 [1]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. reported significant growth in net profit for the first three quarters of the year, driven by rising copper prices and increased production, surpassing last year's total earnings [2][4]. Financial Performance - The company's revenue for the first three quarters was 145.485 billion yuan, a decrease of 5.99% year-on-year; however, net profit attributable to shareholders reached 14.280 billion yuan, an increase of 72.61%, marking a historical high for the period [2]. - In Q3 alone, revenue was 50.713 billion yuan, down 2.36% year-on-year, while net profit was 5.608 billion yuan, up 96.40% [3]. Production and Sales - Copper production reached 543,400 tons, a year-on-year increase of 14.14%, achieving 86.25% of the annual target; copper sales were 520,300 tons, up 10.56% [4]. - The mining segment generated 56.594 billion yuan in revenue, accounting for nearly 40% of total revenue, with the copper segment contributing 38.618 billion yuan, representing over 68% of mining revenue [4]. Cost Management - The company focused on cost reduction, with operating costs decreasing by 10.94% year-on-year; the target for cost per ton of ore is set to decrease by 3%-15% [5]. Investment Plans - Luoyang Molybdenum announced a planned investment of 1.084 billion USD to develop the KFM Phase II project in the Democratic Republic of Congo, expected to produce an additional 100,000 tons of copper annually upon completion in 2027 [5]. Management Changes - Recent management changes include the resignation of President Sun Ruiwen and Vice President Kenny Ives, with Peng Xuhui appointed as the new President and CEO, and Branko Buhavac as Vice President and Chief Commercial Officer [6][7]. - The new management team aims to implement strategic changes and enhance operational efficiency, with plans for a stock incentive program to attract global talent [8].

Core Viewpoint - Luoyang Molybdenum (03993.HK) announced the resignation of two key executives, which may impact the company's strategic direction and operational management [1] Group 1: Executive Changes - Sun Ruiwen has submitted his resignation as Executive Director, President, and member of the Board's Strategy and Sustainability Committee, as well as the Investment Committee, due to personal work reasons [1] - Kenny Ives has resigned from his position as Vice President and Chief Commercial Officer to dedicate more time to family matters [1]

格隆汇10月24日丨洛阳钼业(03993.HK)公告，公司前三季度实现营业收入1454.85亿元；归母净利润 142.80亿元，同比增长72.61%；基本每股收益0.67元。系主要产品价格同比上升，叠加铜产品产销量同 比实现增长，实现利润同比上升。 ...

智通财经APP讯，洛阳钼业(03993)发布公告，为进一步开发KFM的丰富资源，增强与现有项目的协同 效应，公司拟投资建设刚果(金)KFM二期工程项目。项目建设投资10.84亿美元，资金来源为企业自有 和企业自筹;项目建设期2年，拟于2027年建成投产，预计新增原矿处理规模726万吨/年，达产后预计新 增年平均10万吨铜金属。 ...

Core Viewpoint - Luoyang Molybdenum (603993)(03993) announced plans to invest in the KFM Phase II project in the Democratic Republic of Congo to further develop its rich resources and enhance synergies with existing projects [1] Investment Details - The total investment for the KFM Phase II project is $1.084 billion, funded through the company's own resources and self-raised funds [1] - The construction period for the project is set for 2 years, with an expected completion and production start date in 2027 [1] Production Capacity - Upon completion, the project is expected to add a raw ore processing capacity of 7.26 million tons per year [1] - The annual average production of copper metal is projected to increase by 100,000 tons after reaching full capacity [1]

Core Viewpoint - Luoyang Molybdenum Industry Co., Ltd. has announced the appointment of new executives, indicating a strategic shift in leadership as the company prepares for future growth and governance [1] Group 1: Executive Appointments - The board of directors has approved the nomination of Mr. Peng Xuhui as a candidate for the executive director of the seventh board, with a term starting from the date of shareholder meeting approval until the annual general meeting in 2026 [1] - Mr. Peng Xuhui has been appointed as the company's President and Chief Executive Officer [1] - Mr. Branko Buhavac has been appointed as the Vice President and Chief Commercial Officer [1]