Core Viewpoint - The company has successfully completed a rights issue, with a total of 638,974,294 shares offered, and has received valid applications for 466,622,154 shares, representing approximately 73.03% of the offered shares [1] Group 1: Rights Issue Details - The underwriter has subscribed to 415,050,642 shares based on a firm commitment, leaving 172,352,140 shares unsold, which accounts for about 26.97% of the offered shares [2] - The rights issue became unconditional as all conditions in the placement and underwriting agreements were met, and no shares were left unsold due to ineligible shareholders [1][2] Group 2: Financial Implications - The total proceeds from the rights issue amount to approximately HKD 326 million (around USD 41.8 million), with a net amount of approximately HKD 324 million (around USD 41.5 million) after expenses [2] - The company plans to allocate the net proceeds as follows: approximately 68% (HKD 219.2 million or USD 28.1 million) for repaying loans to MIC; about 22% (HKD 71.7 million or USD 9.2 million) for K&S mining operations; and around 10% (HKD 32.7 million or USD 4.2 million) for general working capital [2]

Core Viewpoint - HeSteel Resources has faced significant operational disruptions due to severe flooding in South Africa, impacting its copper production and potentially affecting its annual sales plan, despite previously optimistic signals regarding its copper capacity expansion [1][2][3]. Group 1: Impact of Natural Disaster - The flooding in Limpopo and Mpumalanga provinces is reported to be the worst since 2000, leading to a suspension of underground mining activities at Palabora Copper, which is expected to affect copper production for approximately two months [1][2]. - The disaster has caused direct production losses and potential repair costs, with the company unable to assess the total economic impact at this time [3]. Group 2: Copper Production Challenges - The copper phase two project was in a ramp-up stage with a designed capacity of 11 million tons per year, but the flooding has interrupted this growth trajectory [2]. - The company is transitioning from its first phase of copper mining, which is nearing closure, to relying heavily on the second phase for copper supply, making the current disruption particularly impactful [2]. Group 3: Iron Ore Business Resilience - Despite the challenges in copper production, the iron ore business remains operational, with approximately 100 million tons of iron ore stockpiled, providing a buffer against the financial impact of the copper production halt [4][5]. - The iron ore business has historically been a significant revenue contributor, with iron ore sales accounting for 64.84% of total revenue in the first half of 2025 [5]. Group 4: Future Strategies and Developments - The company plans to enhance its iron ore production through process upgrades, aiming to increase the iron ore grade from 58% to 65% and achieve an annual output of 6 million tons [5][6]. - HeSteel Resources has initiated insurance claims related to the flooding and is actively working on recovery efforts [6].

Group 1 - The core point of the announcement is that the company's South African subsidiary, Palabora Copper, has suspended underground mining operations due to severe flooding caused by heavy rainfall, which is reported to be the worst since 2000 in the region [2] - The rainfall in January 2026 exceeded 890 millimeters, significantly higher than the national average annual rainfall of approximately 450-500 millimeters [2] - The flooding has led to water accumulation in mining tunnels and damage to key facilities, although there were no casualties reported [2] Group 2 - The company is currently focusing on dewatering, equipment maintenance, and safety inspections, with the production of copper products expected to be affected for about two months [2] - As of the announcement date, the company has approximately 100 million tons of surface-stored iron ore, and production and shipment of surface iron ore are proceeding normally, with an expected annual sales volume of 10 million tons [3] - The company's stock price increased by 6.97% to 25.95 yuan per share on February 4, 2026, and has risen by 37.37% from December 16, 2025, to February 4, 2026, compared to a sector increase of 11.92% and a market increase of 7.96% during the same period [3]

截至本公告日，公司地表堆存磁铁矿约1亿吨。目前，地面磁铁矿的生产与发运工作正常，预计全年销 售量1000万吨。鉴于本次事件对井下开采作业造成干扰，预计将对公司年度产销计划产生不利影响，具 体影响程度尚需结合后续调查结果综合评估。公司将根据相关规定，在定期报告或临时公告中及时披露 相关进展。 格隆汇2月4日丨河钢资源(000923.SZ)公布，近日，受持续强降雨及区域性洪水影响，公司子公司帕拉 博拉铜业有限公司（Palabora Copper Proprietary Limited，简称"PC"）所在地南非林波波省及相邻的普玛 兰加省遭遇自 2000 年以来最严重的洪涝灾害。据当地气象部门数据，该区域 2026 年 1 月单月降雨量已 超过 890 毫米，显著高于南非全国多年平均年降雨量（约 450–500 毫米）。 因露天坑及周边汇水涌入公司矿井，导致铜一期、铜二期部分巷道积水，造成部分关键设施被淹（无人 员伤亡）。PC于近日起暂停厂区地下矿的生产与建设活动，集中力量开展井下排水、设备检修及安全 隐患排查工作。本次灾害预计将影响PC铜产品生产约2个月。本次灾害造成的直接经济损失（含设备损 毁、材料报废、抢险支 ...

本次灾害预计将影响PC铜产品生产约2个月。本次灾害造成的直接经济损失(含设备损毁、材料报废、 抢险支出等)暂时无法评估。公司已启动相关保险理赔程序。截至本公告日，公司地表堆存磁铁矿约1亿 吨。目前，地面磁铁矿的生产与发运工作正常，预计全年销售量1000万吨。 智通财经APP讯，河钢资源(000923.SZ)公告，公司子公司帕拉博拉铜业有限公司(简称"PC")所在地南非 林波波省及相邻的普玛兰加省遭遇自2000年以来最严重的洪涝灾害。因露天坑及周边汇水涌入公司矿 井，导致铜一期、铜二期部分巷道积水，造成部分关键设施被淹(无人员伤亡)。PC于近日起暂停厂区地 下矿的生产与建设活动，集中力量开展井下排水、设备检修及安全隐患排查工作。 ...

本次灾害预计将影响PC铜产品生产约2个月。本次灾害造成的直接经济损失(含设备损毁、材料报废、 抢险支出等)暂时无法评估。公司已启动相关保险理赔程序。截至本公告日，公司地表堆存磁铁矿约1亿 吨。目前，地面磁铁矿的生产与发运工作正常，预计全年销售量1000万吨。 智通财经APP讯，河钢资源(000923.SZ)公告，公司子公司帕拉博拉铜业有限公司(简称"PC")所在地南非 林波波省及相邻的普玛兰加省遭遇自2000年以来最严重的洪涝灾害。因露天坑及周边汇水涌入公司矿 井，导致铜一期、铜二期部分巷道积水，造成部分关键设施被淹(无人员伤亡)。PC于近日起暂停厂区地 下矿的生产与建设活动，集中力量开展井下排水、设备检修及安全隐患排查工作。 ...

Group 1 - The core viewpoint of the article is that Hebei Steel Resources (000923.SZ) has been actively selling magnetite ore primarily sourced from stockpiled iron ore in South Africa, having consumed several million tons since the acquisition [1] Group 2 - The company has indicated that the magnetite ore sold is mainly derived from South Africa [1] - Since the acquisition, the company has consumed several million tons of the magnetite ore [1]

Core Viewpoint - The company has a significant stockpile of iron ore in South Africa, totaling 120 million tons, and there are inquiries regarding plans to process this resource [2]. Group 1 - The company, Hebei Steel Resources, has indicated that the iron ore it sells primarily comes from the stockpiled iron ore in South Africa [2]. - Since the acquisition of the stockpile, the company has consumed several million tons of the iron ore [2].

Group 1 - The company Huayun Titanium Industry's wholly-owned subsidiary, Qinghe Huayun Mining Co., Ltd., is engaged in non-ferrous metal mining and has obtained exploration rights for the "Xinjiang Qinghe Akvana Vanadium-Titanium Magnetite Mine," currently in the preliminary exploration stage [2] - The company's controlling subsidiary, Guangnan Chenxiang Mineral Development Co., Ltd., focuses on the mining, processing, and sales of titanium ore and holds mining rights for the "Guangnan Sandou Namo Titanium Mine," which contains titanium iron ore and associated magnetite, and is currently in the process of obtaining relevant mining permits [2]

Core Viewpoint - HeSteel Resources has shown a positive stock performance with a year-to-date increase of 14.08% and significant gains over various time frames, indicating strong market interest and potential growth in the mining and metallurgy sector [1]. Financial Performance - For the period from January to September 2025, HeSteel Resources reported a revenue of 4.303 billion yuan, reflecting a year-on-year decrease of 7.47%. The net profit attributable to shareholders was 538 million yuan, down 6.91% compared to the previous year [2]. - The company has distributed a total of 1.298 billion yuan in dividends since its A-share listing, with 914 million yuan distributed over the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for HeSteel Resources was 28,300, a decrease of 6.54% from the previous period. The average number of circulating shares per shareholder increased by 7.00% to 22,171 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 11.362 million shares, an increase of 1.7024 million shares from the previous period. HSBC Jintrust Small Cap Stock Fund holds 6.5423 million shares, up by 171,050 shares, while Guotai CSI Steel ETF is a new entrant with 4.6 million shares [3]. Stock Performance - As of January 21, the stock price of HeSteel Resources was 24.15 yuan per share, with a trading volume of 226 million yuan and a turnover rate of 1.51%. The total market capitalization stood at 15.763 billion yuan [1]. - The stock has experienced a 0.75% increase over the last five trading days, a 24.74% increase over the last 20 days, and a 31.46% increase over the last 60 days [1]. Business Overview - HeSteel Resources, established on June 29, 1999, and listed on July 14, 1999, is primarily engaged in mining development, mineral product processing and sales, as well as the production and sales of engineering machinery products and accessories. The main revenue sources are iron ore (64.84%), copper (26.63%), vermiculite (6.55%), and other products (1.98%) [1]. - The company is classified under the steel industry, specifically in the metallurgy raw materials sector, focusing on iron ore [1].