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Zijin Mining has upgraded its five-year production plan to a significant increase in copper, gold and silver production by 2028, highlighting the new momentum of global mining competition.

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[Zijin Mining updated its mineral product production plan for the next five years, striving to achieve the original target of 2030 ahead of schedule] when Zijin Mining announced its latest five-year mineral product production plan, the market made a positive impact on the company.TopmobilenftgamesThe future development is full of anticipation. The company has made great achievements in the global mining industry in recent years, and the output of copper, gold and zinc has become one of the top 10 in the world. According to the announcement released by Zijin Mining on the evening of May 16, the company plans the production of major mineral products disclosed year by year or in a range of three to five years since 2014.TopmobilenftgamesUpdated. In January 2023, the company issued the outline of the three-year (2023-2025) Plan and 2030 Development goals. It is proposed that the main economic indicators to be achieved by 2030 include resource reserves, production of major products, sales income, asset scale and profits, in order to enter the ranks of the world's first-class mining industry. The announcement said that in view of the continued improvement in the company's fundamentals and the expected release of production capacity for its world-class projects, Zijin Mining will refine and adjust the main economic indicators and completion time of the original planning, and strive to achieve the major economic targets originally scheduled to be achieved by 2030 two years ahead of schedule (by 2028). The updated production guidelines show that by 2028, Zijin Mining will have 15-1.6 million tons of copper, 100-110 tons of gold and 600-700tons of silver, an increase of at least 45 per cent over the 2023 base. The lead and zinc production guidelines increase slightly and are expected to increase from 470000 tons in 2023 to 55-600000 tons by 2028. In the future, the output of lithium will become one of the important increments of Zijin Mining. Specific measures include speeding up the release of production capacity of three major copper mine bases, such as speeding up the construction of the second phase open-pit mine of Xizang Julong Copper Mine, starting the construction of Xizang Juno Copper Mine and Xietongmen Copper and Gold Mine, and maintaining stable and high production of projects such as the Rosbel Gold Mine in Suriname and the Wulitika Gold Mine in Colombia. Zijin Mining also said that it will promote the construction of the first and second phases of the 3Q Salt Lake in Argentina, Xizang Laguocuo Salt Lake and Xiangyuan Lithium Mine in Hunan Province, and start exploration and development in the northeast of Manono Lithium Mine, so as to achieve the goal of reaching the top 10 lithium production in the world. The annual report of Zijin Mining shows that last year, the company's Xiangyuan hard rock lithium mine in Dao County, Hunan Province, has achieved the output of lithium mica concentrate, and the current output is about 0.Topmobilenftgames.30,000 tons of LCE. According to the plan, the company's lithium production guidelines will be 100000 tons in 2025 and will further increase to 250000 to 300000 tons by 2028. However, whether the output guidance of Zijin Mining can be realized depends on many factors, such as macroeconomic situation, policy environment, product market price, project construction schedule, operation management, investment M & An and so on. Judging from the completion of the production planning in the last decade, the average completion rate of the company's main products is 104% of copper, 96% of gold, 96% of zinc (lead), 97% of lithium, 112% of silver, 135% of molybdenum and 111% of iron. Zijin Mining is also the only one of the top 10 copper companies in the world that has exceeded its output guidelines for five consecutive years. Looking to the future, Zijin Mining said that it has a number of world-class copper, gold, lithium and molybdenum mineral resources projects, has a strong and growing actual production capacity, and will make every effort to achieve the new five-year development plan.