（文章来源：证券日报） 证券日报网讯 1月9日，西藏天路在互动平台回答投资者提问时表示，目前公司持有西藏天联矿业开发 有限公司80%的股权，拥有工布江达县汤不拉铜钼矿及那曲县旁嘎弄巴铅矿的探矿权。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问你们公司有几个铜矿？ 西藏天路（600326.SH）1月9日在投资者互动平台表示，目前公司持有西藏天联矿业开发有限公司80% 的股权，拥有工布江达县汤不拉铜钼矿及那曲县旁嘎弄巴铅矿的探矿权。 （记者 王晓波） ...

西部矿业股份有限公司 关于全资子公司取得采矿许可证的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 公司全资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"）于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》，现将相关事项公告如下： 一、采矿许可证主要信息 证书名称：中华人民共和国采矿许可证 证券代码：601168 证券简称：西部矿业 公告编号：临2025-056 开采矿种：铁矿、硫矿、铜矿、锌矿、铅矿、金矿 开采方式：地下开采 面 积：9.3126平方公里 有效期限：自2025年11月26日至2044年11月25日 二、对公司的影响 证 号：XC6300002025122110000020 采矿权人：格尔木西矿资源开发有限公司 单位地址：青海省海西州格尔木市昆仑经济开发区团结湖路6-501 企业类型：国有企业 矿山名称：格尔木西矿资源开发有限公司它温查汉西C5异常区铁多金属矿 矿山地质：青海省海西蒙古族藏族自治州格尔木市 格尔木西矿资源作为省内铁资源整合平台，主要承担铁资源的拓展及开发，本次取 ...

Group 1 - In 2024, global copper production is projected to reach 23 million tons, representing a year-on-year increase of 1.77%, primarily driven by contributions from the Democratic Republic of the Congo and Indonesia [1] - Global electrolytic aluminum production is expected to grow by 2.86% to 72 million tons in 2024, with China being the largest producer at 43 million tons, accounting for 59.72% of the total, an increase of 140,000 tons from 2023 [1] - Global lead ore production is forecasted to decline by 1.60% to 4.3 million tons in 2024, with China's lead ore production at 1.9 million tons, representing 44.19% of the global total [1] Group 2 - Zinc production is anticipated to continue its downward trend, decreasing by 0.83% to 12 million tons in 2024, with China contributing 33.33% of global zinc production [4] - Despite a general growth trend in global nickel production, it is expected to slightly decline by 1.33% to 3.7 million tons in 2024 due to the impact of low-cost nickel products from Indonesia, leading to production cuts in Australia and the Philippines [4] - Global tin production is projected to decrease by 1.64% to 300,000 tons in 2024, with major production concentrated in China, Indonesia, Peru, and Myanmar [4] Group 3 - China's copper, aluminum, lead, and zinc reserve-to-production ratios are significantly lower than the global average, with China's copper reserve-to-production ratio at approximately 22.78 years, compared to the global average of 42.61 years [7] - China's copper reserves account for only 4.18% of global reserves, totaling 41 million tons, with challenges including small ore bodies, low grades, and high extraction costs [7] - The aging of mines and declining ore grades are expected to impact China's copper production, which is projected to decrease by 1.1% to 1.8 million tons in 2024 [7]

Group 1 - Mongolia's coal export volume for January to October 2025 reached 65 million tons, representing a year-on-year decrease of 1.4% [1] - Gasoline imports amounted to 678,400 tons, showing a year-on-year decline of 4.4%, while diesel imports increased by 9.8% to 1.432 million tons [1] - China remains the largest export market for Mongolia, with 100% of lead ore, iron ore, zinc concentrate, crude oil, and hard coal exports going to China [1] Group 2 - Copper concentrate and brown coal exports to China account for 99.9% of their respective totals, while cashmere exports have an 82.9% share [1] - Exports to China constitute 81.7% of Mongolia's total export value [1]

Core Viewpoint - Western Mining has successfully acquired exploration rights for the Chating copper polymetallic mine, marking a significant step in strengthening its resource reserves and expanding its industry layout [1][2]. Group 1: Acquisition Details - Western Mining's subsidiary, Tibet Yulong Copper Co., Ltd., won the exploration rights for the Chating copper polymetallic mine in Anhui Province with a bid of 8.60893 billion yuan [1]. - The exploration rights cover various minerals, including copper, lead, zinc, gold, silver, and natural sulfur [1]. Group 2: Company Overview - Western Mining is a key mining enterprise in China's western region, with a diverse portfolio that includes copper, lead, zinc, iron, and other critical minerals [2]. - The company operates across the entire mineral industry chain, including mining, smelting, and trading of various metals, as well as rare and non-metallic products [2]. Group 3: Financial Performance - In the third quarter of 2025, Western Mining reported a revenue of 48.442 billion yuan, a year-on-year increase of 31.9%, and a net profit of 2.945 billion yuan, up 7.8% [3]. - The company experienced growth in mineral production, with copper output increasing by 1.32%, zinc by 19.92%, and lead by 21.02% compared to the previous year [3]. - As of the end of the third quarter, the company had a net cash flow from operating activities of 8.81 billion yuan and cash reserves of 7.256 billion yuan [3].

Core Viewpoint - The company, Luoping Zinc & Electricity, announced that its wholly-owned subsidiary, Puding County Derong Mining Co., Ltd., has obtained a mining license for the Jinpo lead-zinc mine located in Guizhou Province, Anshun City, Puding County [1] Group 1 - The mining method for the Jinpo lead-zinc mine is underground mining [1] - The mine is classified as a lead and zinc mine [1] - The validity period of the mining license is from September 25, 2025, to December 26, 2034 [1] Group 2 - The issuing authority of the mining license is the Anshun City Natural Resources Bureau [1]

Core Insights - The World Bureau of Metal Statistics (WBMS) reported a global refined lead surplus of 22,000 tons in July 2025, with production at 1,127,500 tons and consumption at 1,105,400 tons [1] - For the period from January to July 2025, there was a global refined lead shortage of 156,900 tons, with production totaling 7,782,800 tons and consumption at 7,939,700 tons [1] - In July 2025, global lead mine production reached 399,100 tons, while the total for January to July 2025 was 2,656,400 tons [1]

Group 1 - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [2] - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period [3] - The company’s wholly-owned subsidiary, Inner Mongolia Jinshan Mining Co., Ltd., received approval for a mineral resource reserve verification report, indicating significant increases in various mineral resources [3] Group 2 - The verified mineral resource report showed an increase of 1.82 million tons in ore resources, 608.67 tons of silver, 5,046.19 kilograms of gold, 7,527.39 tons of lead, and 7,018.44 tons of zinc, while manganese resources decreased by 87,141.36 tons [3] - This verification marks a significant achievement in the company's exploration and resource expansion efforts, contributing to the long-term development of the enterprise [3]

Core Points - The company has proposed a restricted stock incentive plan to attract and retain talent, aligning the interests of shareholders, the company, and core team members for sustainable development [2][12][24] - The plan involves granting a total of 18.5655 million shares, accounting for 7.66% of the company's total share capital of 242.371 million shares [2][11] - The grant price for the restricted stock is set at 6.10 yuan per share [2][18] - The plan is subject to approval by the company's shareholders and must be implemented within 60 days of approval [5][31] Summary by Sections Plan Overview - The incentive plan is based on relevant laws and regulations, including the Company Law and Securities Law [2][12] - The plan is designed to enhance the long-term incentive and constraint mechanism within the company [2][12] Grant Details - A total of 37 individuals, including directors and key management personnel, will be granted the restricted stock [2][11] - The plan allows for a maximum of 10% of the total share capital to be involved in all effective incentive plans [2][11] Conditions and Adjustments - The grant price will be adjusted in case of capital increases, stock dividends, or other corporate actions [2][11] - The plan includes specific conditions under which the restricted stock can be granted and the criteria for lifting restrictions [19][20] Performance Metrics - The performance assessment for the incentive plan will be based on the company's EBITDA for the years 2025 and 2026, with specific targets set for each year [22][23] - Individual performance evaluations will also be conducted to determine the actual release of restricted stock [23] Implementation Process - The plan requires approval from the board of directors and the shareholders' meeting, with a clear process for announcing and executing the grants [31][32] - The company must complete the grant and registration process within 60 days of shareholder approval, or the plan will be terminated [5][31]