Core Viewpoint - Minmetals Resources (01208) has seen a stock price increase of over 5%, currently at HKD 9.11, following the announcement of a significant expansion project at the Khoemacau copper mine in Botswana [1] Group 1: Project Announcement - On December 29, Minmetals Resources announced the approval of the feasibility study for the major expansion project at the Khoemacau copper mine [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 include 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 USD 900 million, including related expenditures before 2026 [1] - The expansion is expected to optimize the average C1 cost to below USD 1.60 per pound, a significant reduction from the actual C1 cost of USD 2.05 per pound recorded for the six months ending June 30, 2025 [1] Group 3: Strategic Importance - This expansion project is a crucial strategic initiative aimed at enhancing the long-term profitability and production capacity 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