智通财经网·2026-01-23 11:08Core Viewpoint - The completion of the second phase of the Julong Copper Mine will significantly enhance the company's copper production capacity and solidify its position as a leading player in the global copper industry [1][3]. Group 1: Project Developments - The second phase of the Julong Copper Mine is set to commence production on January 23, 2026, increasing the total production capacity to 350,000 tons per day [1]. - After reaching full capacity, the annual ore processing scale will rise from 45 million tons to 105 million tons, with copper production expected to increase from 190,000 tons in 2025 to approximately 300,000 to 350,000 tons [1]. - The mine will also see increases in molybdenum and silver production, with annual outputs projected to rise to about 13,000 tons and 230 tons, respectively [1]. Group 2: Future Plans - The company is planning the third phase of the Julong Copper Mine, which, if approved, will lower the mining elevation from 4,452 meters to 3,880 meters and allow for the extraction of over 20 million tons of copper reserves annually [2]. - The cumulative confirmed copper metal resource at the Julong Copper Mine is 25.88 million tons, significantly higher than the 10.41 million tons verified at the time of acquisition, making it the largest copper mine in China by registered resources [2]. Group 3: Strategic Importance - The completion of the second phase will enhance the company's overall strength in the copper sector, contributing to a strategic framework that includes core copper projects in Serbia and the Democratic Republic of the Congo [3]. - The ongoing development and technological upgrades of various copper projects will drive continuous growth in copper production, supporting the company's goal of becoming a top-tier global mining group [3].