Core Viewpoint - Minmetals Resources (01208) has seen a significant stock increase of over 5% following the approval of the major expansion project for the Khoemacau copper mine in Botswana, which aims to enhance production capacity and optimize costs [1] Group 1: Project Approval and Details - On December 29, Minmetals Resources announced the approval of the feasibility study for the Khoemacau copper mine expansion project and has officially commenced construction [1] - The project aims to increase annual production capacity to 130,000 tons of copper concentrate and over 4 million ounces of associated silver [1] - The expansion will involve extending the mining area to the northern part of Zone 5, as well as the Mango and Zeta northeastern deposits, and constructing a new processing plant with an annual capacity of 4.5 million tons [1] Group 2: Financial Implications - The total capital expenditure for the project is estimated to be approximately $900 million, including related expenditures before 2026 [1] - The expansion is expected to enhance the total processing capacity of the mine to over 8 million tons per year [1] - The average C1 cost during the mine's lifespan is projected to be optimized to below $1.60 per pound, a significant reduction from the actual C1 cost of $2.05 per pound recorded for the six months ending June 30, 2025 [1] Group 3: Strategic Importance - This expansion project is considered a crucial strategic initiative aimed at improving the long-term profitability and production scale of the company's copper asset portfolio [1]
港股异动 | 五矿资源(01208)涨超5% 博茨瓦纳Khoemacau铜矿扩建项目获批