布阿强调了加纳与澳大利亚之间牢固的关系，尤其是在矿业、农业和教育领域。他还概述了澳大利亚在 地质勘探、矿物加工、绿色技术、锂矿和其他关键矿产领域开展合作的机遇。他还宣布，政府已免除勘 探税，以表明其已做好开展业务和建立伙伴关系的准备。 （原标题：加纳吸引澳大利亚投资者加强矿业合作） 据《加纳网》2月11日报道，加纳土地和自然资源部长科菲·布阿在开普敦举行的"澳大利亚在非洲的矿 业"招待论坛上强调，加纳作为矿业强国的悠久声誉，并指出加纳作为"黄金海岸"的历史地位反映了加 纳在矿业领域的坚实基础。 ...

消息面上，万国黄金集团发布公告，陈景河先生将获委任为公司首席顾问，自2026年2月2日起生效。此 外，公司已成立战略发展委员会，为集团现有业务的发展策略及未来潜在项目提供建议。公开资料显 示，陈景河为紫金矿业（601899）集团股份有限公司创始人、原董事长。 万国黄金集团(03939)早盘涨超8%，截至发稿，涨5.06%，报13.08港元，成交额7.33亿港元。 值得注意的是，2024年10月，万国黄金完成向紫金矿业的全资子公司金山(香港)国际矿业配售1.66亿 股；今年5月宣布，公司附属金岭矿业（000655）与紫金矿冶订立选矿技术服务合同，同时与紫金工程 订立扩建可行性研究合同。环球富盛发布研报称，与紫金矿业的合作不仅提可以供资金加快发展集团位 于所罗门群岛的金岭项目，还有助于经验共享，并在海外采矿技术及矿山营运方面提供支持。 ...

Core Viewpoint - The announcement of Chen Jinghe's appointment as Chief Advisor and the establishment of a Strategic Development Committee are expected to enhance the growth strategy and future project potential of the company, particularly in collaboration with Zijin Mining Group [1] Group 1: Company Developments - The stock price of the company increased by over 8% in early trading, currently up by 5.06% at HKD 13.08, with a trading volume of HKD 733 million [1] - Chen Jinghe, founder and former chairman of Zijin Mining Group, will be appointed as Chief Advisor effective February 2, 2026 [1] - The company has established a Strategic Development Committee to provide advice on the development strategies of existing businesses and potential future projects [1] Group 2: Collaboration with Zijin Mining - In October 2024, the company completed a placement of 166 million shares to Zijin Mining's wholly-owned subsidiary, Jinshan (Hong Kong) International Mining [1] - In May of this year, the company's subsidiary, Jinling Mining, signed a mineral processing technical service contract with Zijin Mining and a feasibility study contract for expansion with Zijin Engineering [1] - Global Fortune released a report indicating that collaboration with Zijin Mining will not only provide funding to accelerate the development of the company's Jinling project in the Solomon Islands but also facilitate experience sharing and support in overseas mining technology and operations [1]

Core Viewpoint - Tianqi Lithium's significant investment in SQM is influenced by the strategic partnership between SQM and Codelco, which has progressed but remains subject to legal challenges [1][2]. Group 1: Strategic Partnership Developments - SQM and Codelco have completed key advancements in their strategic partnership, with the joint venture named Nova Andino Litio SpA, although it is still bound by conditions from the Chilean Supreme Court [1]. - The partnership agreement signed on May 31, 2024, allows for the integration of Codelco's subsidiary into SQM, extending SQM's lithium extraction rights in the Atacama salt flat from 2030 to 2060, with plans to increase production by 300,000 tons of lithium carbonate equivalent (LCE) between 2025 and 2030 [1]. Group 2: Financial Implications - The strategic partnership's A and B class shares will take effect from January 1, 2025, impacting dividend distribution and core economic rights [2]. - The completion of the transaction will affect Tianqi Lithium's investment returns and dividends from its long-term equity stake in SQM, although the specific financial impact cannot be estimated until SQM's 2025 consolidated financial statements are available [2]. Group 3: Legal and Governance Concerns - Tianqi Lithium's subsidiary has raised objections to the partnership, leading to a series of legal proceedings, including an appeal to the Chilean Supreme Court after lower courts dismissed its claims [1]. - The partnership may lead to uncertainties regarding Tianqi Lithium's governance rights and the potential dilution of its influence over SQM, particularly after 2031 when SQM may lose control over its core lithium business [3].

Group 1 - The 2025 China International Mining Conference opened in Tianjin, emphasizing an open, inclusive, and cooperative approach to foster global mining collaboration and sustainable development [1][3] - The conference aligns with national development strategies, focusing on reform and innovation, and has seen increased international influence, attracting numerous enterprises to participate [3] - The conference serves as an efficient platform for face-to-face communication among companies, reducing time costs associated with individual visits [8][10] Group 2 - The company, TÜV SÜD, has over 80 branches in China, with its Tianjin office located in the Binhai New Area, providing comprehensive testing services across various sectors, particularly in the mining industry [7] - Jinma New Energy Co., Ltd., a first-time participant from Shandong, aims to offer energy services to mining companies and establish connections within the industry [8] - The conference is recognized as a vital bridge for resource linkage and collaboration expansion, injecting new momentum into the high-quality development of the mining sector [10]

1. Report Industry Investment Rating - Not provided in the document 2. Core Views of the Report - For lead, raw material supply is tight and demand is in the off - season. Cost support and weak demand compete, so short - term lead prices are expected to fluctuate widely. Long - term focus on macro uncertainties [1] - For zinc, short - term macro sentiment is uncertain, leading to wide - range fluctuations in zinc prices. In the long - run, TC has room to rise and the center of zinc prices may decline, with continuous attention on macro sentiment disturbances [1] 3. Summary by Relevant Catalogs 3.1 Lead Market 3.1.1 Price and Market Indicators - SMM1 lead ingot average price was 16,550 yuan/ton, down 0.30% [1] - Futures main contract closing price was 16,700 yuan/ton, unchanged [1] - Shanghai lead basis was - 150 yuan/ton, down 50 yuan/ton [1] - LME 0 - 3 lead premium was - 17.64 dollars/ton, down 2.43 dollars/ton [1] - Futures active contract trading volume was 44,962 lots, up 24.39% [1] - Futures active contract open interest was 36,929 lots, down 3.97% [1] - LME lead inventory was 256,700 tons, unchanged [1] - Shanghai lead warrant inventory was 39,981 tons, down 0.06% [1] - LME 3 - month lead futures closing price (electronic) was 1,923 dollars/ton, unchanged [1] - Shanghai - London lead price ratio was 8.68, unchanged [1] 3.1.2 Fundamental Analysis - Primary lead smelters have basically resumed production, with a significant increase in electrolytic lead production in March (about 23 percentage points month - on - month). Some Henan smelters entered maintenance in April, and primary lead production may decline month - on - month [1] - For secondary lead, waste lead - acid battery prices have risen continuously, and recyclers' supplies are limited. Some smelters have reduced or halted production due to cost - price inversion, and the operating rate has dropped significantly [1] - Demand is in the off - season, with weak downstream purchasing and limited support for lead prices [1] 3.2 Zinc Market 3.2.1 Price and Market Indicators - SMM1 zinc ingot average price was 22,700 yuan/ton, down 0.39% [1] - Futures main contract closing price was 22,210 yuan/ton, down 0.65% [1] - Shanghai zinc basis was 490 yuan/ton, up 55 yuan/ton [1] - LME 0 - 3 zinc premium was - 39.30 dollars/ton, down 2.21 dollars/ton [1] - Futures active contract trading volume was 155,956 lots, up 35.55% [1] - Futures active contract open interest was 116,701 lots, up 4.46% [1] - LME zinc inventory was 171,400 tons, unchanged [1] - Shanghai zinc warrant inventory was 2,053 tons, down 8.84% [1] - LME 3 - month zinc futures closing price (electronic) was 2,632.50 dollars/ton, unchanged [1] - Shanghai - London zinc price ratio was 8.44, down 0.65% [1] 3.2.2 Fundamental Analysis - Zinc smelters have sufficient raw material stocks, zinc concentrate processing fees are rising. The tight supply of zinc concentrate is improving, and the production restrictions on smelters are weakening. Smelter profits and production enthusiasm have improved, and production is increasing [1] - Demand: After the Spring Festival, downstream enterprises are gradually resuming work. Under the current high - premium environment, downstream purchases are mainly for rigid needs. Export orders to the US face difficulties, and the "rush to export" is not obvious [1]