Chengtun Mining expects to see growth of 300% to 350% in semiannual report
2017-07-04 17:38:06 [Print]
Chengtun Mining announced report on the evening of June 3, claiming that the company can increase net profit attributable to shareholders of listed companies from RMB216 million to RMB243 million in H1 2017, up from 300% to 350% YOY.
The company said that during the reporting period, they enhanced the expansion of their main business, improvedoperation and management, enhanced the layout of new material metal business; with rising prices for metals of their major products and improving new material industry, the company saw rising income and profit from mining business and value-added business, leading to better year-on-year performance during the reporting period.
The company's major mines are Yinxin Mine, Aima Mine and Huajin Mine, holding high geological grade grade copper, lead, zinc and gold which meanwhile contains silver, tungsten, tin and so on. In 2016, the company newly incorporated into Yunnan Baoshan Hengyuan Xinmao Mining and Dali Sanxin Mining, which are rich in lead, zinc, silver, copper and cobalt, leading to potentials in future development. In addition, the company will establish the comprehensive utilization project of 3,500tpy for cobalt and 10,000t for copper in the Democratic Republic of the Congo.
The company said that during the reporting period, they enhanced the expansion of their main business, improvedoperation and management, enhanced the layout of new material metal business; with rising prices for metals of their major products and improving new material industry, the company saw rising income and profit from mining business and value-added business, leading to better year-on-year performance during the reporting period.
The company's major mines are Yinxin Mine, Aima Mine and Huajin Mine, holding high geological grade grade copper, lead, zinc and gold which meanwhile contains silver, tungsten, tin and so on. In 2016, the company newly incorporated into Yunnan Baoshan Hengyuan Xinmao Mining and Dali Sanxin Mining, which are rich in lead, zinc, silver, copper and cobalt, leading to potentials in future development. In addition, the company will establish the comprehensive utilization project of 3,500tpy for cobalt and 10,000t for copper in the Democratic Republic of the Congo.
Copper Conc. 20%min Delivered China
Unit:RMB/mt Cu
China copper concentrate producers' inventory to production ratio statistics by province by month
Unit: %
