ZANGGE MINING(SZ:000408)2024-08-13 02:14Group 1: Production and Sales Plans - The company plans to produce 1 million tons of potassium chloride and sell 1.04 million tons in 2024, achieving 52.28% of the annual production target with 522,800 tons produced in the first half of the year [2] - The company aims to produce and sell 10,500 tons of lithium carbonate in 2024, with 5,809 tons produced in the first half, reaching 55.32% of the annual production target [2] - The sales volume of lithium carbonate in the first half was 7,630 tons, achieving 72.67% of the annual sales target [2] Group 2: Project Developments - The company is progressing with the mining rights application for the Mami Cuo project, pending approval from the regional government [2] - The Laos project has an estimated total potassium salt resource of 6.285 billion tons, with over 79% classified as proven and controlled resources [3] - The construction period for the Laos project is expected to be 36 months, with work commencing after obtaining the mining license [3] Group 3: Cost Management and Pricing - The company is focused on cost reduction through technical research and process optimization [2] - The pricing of old brine is dynamically adjusted based on the market price of lithium carbonate [3] - The increase in lithium carbonate costs in Q2 compared to Q1 was due to adjustments in brine water pricing and cost differences from the previous quarter [3] Group 4: Strategic Planning - The company aims to leverage its experience in high-altitude resource extraction and maintain a leading position in lithium extraction from salt lakes [3] - Future dividend plans will consider the funding needs of ongoing projects while ensuring normal operations and long-term development [3]