Zijin Mining(601899) Zheng Quan Zhi Xing·2025-05-23 11:19Core Viewpoint - The company announced a temporary suspension of underground mining operations at the Kamoa-Kakula copper mine due to multiple seismic events, with a focus on safety and further investigation into the causes of these events [1][2] Group 1: Incident Details - The Kamoa-Kakula copper mine experienced multiple seismic events leading to roof collapses in the eastern section, prompting the management to halt underground operations and evacuate personnel and equipment [1] - An internal expert team has been organized to investigate the seismic events, reassess mining methods, and develop corrective measures [1] Group 2: Production Impact - The first and second phase processing plants will operate at reduced capacity, handling approximately 3.8 million tons of surface stockpiled ore with an average copper grade of 3.2% as of April 30, 2025 [2] - The mine's projected copper production for 2024 is 437,000 tons, with a target of 520,000 to 580,000 tons for 2025, with the company holding a 44.45% interest in the project [2] - The seismic events are expected to negatively impact the annual production targets, with further assessments needed to determine the extent of the impact [2] Group 3: Financial Contribution - The Kamoa-Kakula copper mine is expected to contribute approximately RMB 1.72 billion to the company's net profit for 2024, accounting for about 5.37% of the total net profit [2]