JCHX Mining plans additional investment in Alacran mine project
2026-05-25 15:29:37 [Print]
JCHX Mining Management Co., Ltd. announced its proposal to raise investment in the Alacran copper-gold-silver mine project. The company previously planned to invest around USD231 million based on its 55% equity stake. Following an equity increase to 97.5%, it intends to inject an extra USD179 million in accordance with the new shareholding ratio. Total committed investment will reach approximately USD410 million.
The firm stated that aside from the adjusted equity ratio and investment amount, the project's estimated budget and construction schedule remain unchanged.
It is an open-pit mining and processing project with total ore reserves of 97.9 million tons within the designed mining boundary. The grinding and flotation plant processes primary and mixed ore at a daily capacity of 17,600 tons, producing copper, gold and silver concentrates. The gravity separation plant handles surface oxide ore and old tailings with a daily throughput of 2,400 tons to yield gold and silver concentrates. The project is expected to recover 797 million pounds of copper, 550,000 ounces of gold and 5.35 million ounces of silver throughout its operation life.
The firm stated that aside from the adjusted equity ratio and investment amount, the project's estimated budget and construction schedule remain unchanged.
It is an open-pit mining and processing project with total ore reserves of 97.9 million tons within the designed mining boundary. The grinding and flotation plant processes primary and mixed ore at a daily capacity of 17,600 tons, producing copper, gold and silver concentrates. The gravity separation plant handles surface oxide ore and old tailings with a daily throughput of 2,400 tons to yield gold and silver concentrates. The project is expected to recover 797 million pounds of copper, 550,000 ounces of gold and 5.35 million ounces of silver throughout its operation life.
Copper Conc. 20%min Delivered China Cu Payable
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China refined copper producers' inventory statistics by province by month
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