甘肃五年间矿产勘查"多点开花" 中新网兰州11月20日电 (戴文昌)从泾川特大型铀矿到玉门大型金矿，甘肃"十四五"期间矿产资源勘查开 发多点开花。记者20日从甘肃省自然资源厅获悉，五年间，该省新发现大中型矿产地35处，同时以189 座绿色矿山筑牢生态屏障，走出一条资源开发与环境保护协同共生的双赢之路。 地域辽阔、矿产资源丰富的甘肃，是全国闻名的有色金属之乡。截至2024年底，该省已发现各类矿产 151种，查明资源储量的有105种，其中，镍、钴等12种矿产资源储量排名全国前列。 作为国家向西开放的枢纽节点和西部重要能源资源基地，甘肃历来高度重视矿产资源勘查开发工作。甘 肃省自然资源厅副厅长尚晓龙说，在新一轮找矿突破战略行动，该省围绕重要成矿区带和战略性优势矿 产，累计投入资金47.1亿元，为找矿突破奠定坚实基础。 甘肃是矿产资源大省，矿业经济在支撑该省高质量发展方面发挥了重要作用。尚晓龙说，五年来，甘肃 持续深化矿产资源勘查开发改革，以新一轮找矿突破战略行动为抓手，通过"四个坚持"推动资源优势向 发展优势转化，为该省高质量发展注入强劲动力。 11月6日，甘肃金昌市金川集团厂史馆展陈的孔雀石。 戴文昌 摄 在顶层 ...

据媒体报道，已在澳大利亚证券交易所挂牌的矿产开采公司GBM Resources(GBZ.AU)近日宣布，计划来 港作第二上市，以扩大投资者基础，获取在香港上市的估值溢价，以及加强其国际影响力。 根据GBM Resources13日发布的公告，已与公司最大股东Wise Walkers有限公司(以下简称"WWL")签署 谅解备忘录(MOU)，双方将携手推进公司在香港联合交易所有限公司的第二上市筹备工作。 WWL将承担所有上市相关费用，待GBM Resources成功第二上市后才需偿还。同时，WWL将担任顾 问，介绍保荐人、承销商等专业团队，并进行前期协调、投资者推介及合规准备相关工作。备忘录有效 期为18个月，如启动上市程序自动延长6个月。 值得注意的是，财报显示公司两大股东与香港存在联系。WWL持有公司20%股权，WWL主席Lu Hang 于8月出任GBM非执行董事。WWL为香港起家(Originating from Hong Kong)、总部设于墨尔本的家族办 公室，投资涵盖物业、农业及资源领域。而另一股东"香港玛顺国际能源产业集团"，持有7.26%股权。 公司行政总裁Daniel Hastings表示，相信 ...

根据GBM Resources 13日发布的公告，已与公司最大股东 Wise Walkers 有限公司(以下简称 "WWL")签 署谅解备忘录(MOU)，双方将携手推进公司在香港联合交易所有限公司的第二上市筹备工作。 WWL将承担所有上市相关费用，待GBM Resources成功第二上市后才需偿还。同时，WWL将担任顾 问，介绍保荐人、承销商等专业团队，并进行前期协调、投资者推介及合规准备相关工作。备忘录有效 期为18个月，如启动上市程序自动延长6个月。 值得注意的是，财报显示公司两大股东与香港存在联系。WWL持有公司20%股权，WWL主席Lu Hang 于8月出任GBM非执行董事。WWL为香港起家(Originating from Hong Kong)、总部设于墨尔本的家族办 公室，投资涵盖物业、农业及资源领域。而另一股东"香港玛顺国际能源产业集团"，持有7.26%股权。 智通财经APP获悉，据媒体报道，已在澳大利亚证券交易所挂牌的矿产开采公司GBM Resources(GBZ.AU)近日宣布，计划来港作第二上市，以扩大投资者基础，获取在香港上市的估值溢 价，以及加强其国际影响力。 公司行政总裁Daniel ...

四川是矿产资源大省，成矿地质条件优越，战略性矿产资源丰富且分布相对集中，是国家重要的能 源资源安全保障基地。目前，全省已发现矿产136种，查明资源储量矿产100种，钛矿等8个矿种查明资 源量居全国第一。近年来，四川加大矿业权出让力度，综合运用招标、拍卖、挂牌等方式科学高效配置 矿业权，推动资源跟着产业走、产业向着高端走，2024年首次实现矿业权出让数量、收益"双百"突破。 （记者 王若晔） 11月13日，记者从四川省公共资源交易信息网获悉，自然资源厅公开挂牌出让5宗矿产资源探矿 权，包括2宗金矿、1宗铜矿、1宗磷矿和1宗萤石矿。 此次出让的5宗探矿权具体为九龙县海子上金矿、德格县安比隆巴金矿、雷波县马颈子东磷矿、冕 宁县白马山萤石矿和会理市洪发铜矿。5宗探矿权已于11月12日在自然资源部门户网站及四川省自然资 源厅门户网站、全国公共资源交易平台（四川省）网站及四川省政府政务服务和公共资源交易服务中心 交易大厅同时发布公告。12月11日12时报名截止。 ...

Export Performance - In October, China's exports decreased by 1.1% year-on-year, a significant drop of 9.4 percentage points from the previous month, and below the Wind consensus expectation of 3.1%[1] - The export decline is attributed to a high base effect and weakening external demand, with the new export orders PMI falling to 45.9, down nearly 2 percentage points from last month[1] - Exports to the EU, Japan, and South Korea showed significant declines, with exports to Japan down 5.7% and to South Korea down 13.0%[2][3] Product Categories - Labor-intensive products saw a sharp decline, with exports of bags, textiles, and footwear down by 25.7%, 16.0%, and 21.0% respectively, collectively dragging down exports by approximately 2.1 percentage points[3][4] - High-tech products, however, supported export growth, with integrated circuits and automobiles growing by 26.9% and 34.0% respectively, contributing 5.1 percentage points to overall export performance[4][5] Import Trends - Imports grew by only 1.0% year-on-year in October, a decrease of 6.4 percentage points from the previous month, indicating a clear structural divergence[5] - Agricultural imports remained resilient, with a 7.0% increase, particularly driven by a 11.4% rise in soybean imports due to increased procurement from Brazil[5][6] - Energy and machinery imports faced declines, with coal and crude oil imports down by 27.5% and 0.3% respectively, reflecting ongoing price pressures[5][6] Market Outlook - Despite the short-term pressures on exports, structural resilience remains, particularly from non-US markets like ASEAN and Africa, which continue to support export growth[6] - The easing of US-China trade tensions may provide a temporary boost to exports, while high base effects and order depletion could pose challenges in the fourth quarter[6][7] Risk Factors - Potential risks include unexpected changes in overseas policies and slower-than-expected global economic recovery, which could further impact export performance[7][8]

Core Insights - Colombia's export value reached $4.621 billion in September, marking an 11.1% year-on-year increase, the highest level in the past year [1] Export Performance - Agricultural, food, and beverage exports surged by 29.6%, significantly contributing to the overall growth [1] - Unroasted coffee and palm oil exports saw remarkable increases of 82.9% and 170.9%, respectively [1] - Manufacturing exports grew by 11.8%, driven primarily by sales of chemicals and transportation equipment [1] Sector Analysis - Despite an 11.9% decline in crude oil export volume, the mining and fuel products sector still experienced a 3.7% increase in export value, totaling $1.945 billion, due to a 410.9% surge in metal ores and scrap exports [1] Export Destinations - The United States remains Colombia's largest export destination, accounting for 26.2% of total exports, followed by Panama, Peru, India, Brazil, Canada, and Ecuador [1] - Exports to Peru and Panama contributed 9 percentage points to the overall growth, primarily driven by increased copper and precious metal exports [1] - Conversely, exports to the U.S. declined, particularly in crude oil sales, which fell by 37.5% [1] Trade with China - In September, Colombia's exports to China reached $140 million, representing 3% of total exports, with a year-on-year increase of approximately 50% [1]

Core Viewpoint - Morgan Stanley has resumed coverage of Zijin Mining (02899) with an "Overweight" rating and a target price of HKD 46.1, highlighting the company's unique position due to growth in copper and gold production, effective cost control, and attractive valuation [1] Group 1: Company Performance - Zijin Mining has recorded growth in both copper and gold production, which is a key factor in its positive outlook [1] - The company demonstrates good cost control, contributing to its favorable financial performance [1] Group 2: Market Outlook - Morgan Stanley anticipates a significant widening of the copper supply-demand gap by 2026 due to three major copper mine incidents this year leading to production halts [1] - The current copper prices are expected to have substantial upside potential, driven by the anticipated supply constraints [1] - The firm is optimistic about gold price trends, projecting that gold prices could reach USD 4,500 per ounce by mid-next year [1]

Core Viewpoint - Morgan Stanley has resumed coverage of Zijin Mining (601899)(02899) with an "Overweight" rating and a target price of HKD 46.1, highlighting the company's unique position due to growth in copper and gold production, effective cost control, and attractive valuation [1] Group 1: Company Performance - Zijin Mining has recorded growth in both copper and gold production, which is a key factor in its positive outlook [1] - The company is noted for its effective cost control measures, contributing to its competitive advantage in the market [1] Group 2: Market Outlook - Morgan Stanley anticipates a significant widening of the copper supply-demand gap by 2026 due to three major copper mine incidents this year leading to production halts [1] - The current copper prices are expected to have substantial upside potential, driven by the anticipated supply constraints [1] - The firm is also optimistic about gold price trends, projecting that gold could reach USD 4,500 per ounce by mid-next year [1]

Investment Rating - The investment rating for the company is "Outperform the Market" [4][6][25]. Core Views - The company's revenue for the first three quarters reached 53.976 billion yuan, a year-on-year increase of 17.23%, with a net profit attributable to shareholders of 3.679 billion yuan, up 39.18% year-on-year. The third quarter revenue was 18.909 billion yuan, a year-on-year increase of 7.97% but a quarter-on-quarter decrease of 6.43% [1][9]. - The production of gold in the first three quarters was 13.75 tons, a year-on-year increase of 5.40%, completing 75.67% of the annual production target. However, copper production decreased by 19.48% year-on-year due to a temporary shutdown of operations in Inner Mongolia [2][10]. - Key projects such as the Saling Gold Mine are progressing steadily, with significant growth potential expected upon completion in 2026. The company is also planning to acquire additional assets to enhance gold production [3][22][25]. Summary by Sections Financial Performance - For 2023, the company expects revenues of 61.264 billion yuan, with a growth rate of 7.2%. The net profit is projected at 2.978 billion yuan, reflecting a growth of 40.7% [5][26]. - The company anticipates revenues of 80.329 billion yuan in 2025, with a year-on-year growth of 22.5%, and net profits of 5.684 billion yuan, a growth of 67.9% [4][25]. Production and Sales Data - Gold production in Q3 was stable at 4.62 tons, while copper production faced a significant decline due to operational disruptions [2][10]. - The company has completed 75.67% of its annual gold production target and 62.97% of its copper production target by the end of Q3 [2][10]. Key Projects and Future Outlook - The Saling Gold Mine project is a key focus, with an expected annual capacity of 10 tons upon completion. The project is part of the company's strategic growth plan for the "14th Five-Year Plan" [3][22]. - The acquisition of additional assets is expected to enhance the company's gold production capabilities significantly [3][22][25].

Core Insights - The 2025 China International Mining Conference highlighted significant advancements in mineral exploration and resource management in China, as detailed in the "China Mineral Resources Report (2025)" released by the Ministry of Natural Resources [1] Group 1: Investment and Discoveries - In 2022, China invested 115.994 billion yuan in geological exploration, marking four consecutive years of growth [1] - A total of 150 new mineral sites were discovered, including 49 large, 54 medium, and 47 small sites, with notable finds in fluorite, lithium, gold, and iron [1] - The mining sector's fixed asset investment is projected to grow by 10.5% in 2024, with continuous increases in the production of ten non-ferrous metals and record-high outputs in coal, crude oil, and natural gas [1] Group 2: Energy Resource Development - During the 14th Five-Year Plan, nearly 450 billion yuan was invested in exploration, resulting in the discovery of 10 large oil fields and 19 large gas fields, significantly enhancing energy resource security [2] - The Ordos Basin reported an additional geological reserve of over 300 billion cubic meters of coalbed methane, nearing the total added over the past decade [2] - New oil and gas reserves have supported stable production levels of 200 million tons of oil and over 240 billion cubic meters of natural gas [2] Group 3: Green Development and Regulations - The mining industry is advancing towards green development, with a focus on implementing green exploration and establishing standards for sustainable practices [2] - The new Mineral Resources Law aims to ensure national resource security, protect mining rights, and foster a fair market environment [3] - In 2024, China plans to enhance international cooperation in the mining sector, improving foreign investment access and promoting global market prosperity [3]