12月18日晚间，西部矿业(601168)发布公告，公司子公司格尔木西矿资源开发有限公司（下称"格尔木 西矿资源"）它温查汉西C5异常区铁多金属矿近日取得青海省自然资源厅颁发的《中华人民共和国采矿 许可证》，公司表示，本次获得该矿采矿许可证是公司锚定铁资源板块可持续发展的基础，为后续整 合、打造铁资源板块提供资源储备。 因此，叠加本次取得它温查汉西C5异常区铁多金属矿采矿许可证，以上铁矿布局在2026年加快投产步 伐，让公司向打造千万吨级铁多金属基地迈出坚实步伐。而该矿在格尔木西矿资源整合下，周边矿权协 同开发与统一选矿，将显著降低单位成本与资本开支，形成规模经济与网络效应，支撑公司铁板块贡献 改善。 多矿种布局，提升抗风险能力和市场竞争力 公司在公告中指出，此次取得它温查汉西C5异常区铁多金属矿采矿许可证将进一步提升公司抗风险能 力和市场竞争力，对公司长远发展具有积极影响。 一方面，公司作为以铜类产品为主导的矿业龙头，在铜价中枢抬升的背景下充分释放产能实现业绩大幅 增长，同时公司铅、锌、钼、镍、铁和钒多元发力，显著强化"多矿种、多收入源"的抗周期能力。 另一方面，当前冶炼端加工费仍处低位且盈利弹性受制，铁矿 ...

Core Viewpoint - Yanzhou Coal Mining Company Limited (兖矿能源) reported a decrease in sales revenue and profit for the first half of 2025, indicating challenges in the coal industry amidst ongoing market fluctuations [1] Financial Performance - Sales revenue for the six months ending June 30, 2025, was 53.966 billion RMB, a year-on-year decrease of 13.17% [1] - Shareholder profit was 4.731 billion RMB, down 38.7% compared to the previous year [1] - Basic earnings per share were 0.47 RMB [1] Resource Development - The company has established coal production bases in Shandong, Inner Mongolia, Xinjiang, and Australia, creating a strong resource aggregation advantage [1] - As of the end of 2024, the coal resource amount is 46.4 billion tons (JORC standard), ranking among the top in the industry [1] - The acquisition of Northwest Mining added 6.352 billion tons of coal resources and increased recoverable reserves by 3.652 billion tons [1] Product Diversification - The company produces various types of coal, including thermal coal, injection coal, and coking coal, to meet diverse market demands [1] - In addition to coal, the company is actively expanding into other mineral sectors, holding six potash mining rights in Canada with proven high-quality potassium chloride resources of 1.7 billion tons [1] - Plans are in place to develop the Caosiyou Molybdenum Mine in Inner Mongolia, which has a resource amount of 1.04 billion tons, supporting sustainable development [1]