Reproduction of Jinpo lead-Zinc Mine in Luoping Zinc Power Banner

Published: Jun 28, 2019 20:01

Save

Yunnan Luoping Zinc Power Co., Ltd. issued a statement saying that recently, the company's wholly owned subsidiary Puding County Derong Mining Co., Ltd. Jinpo lead and Zinc Mine has obtained a safety production license issued by the Office of Emergency Management of Guizhou Province, certification and resumption of production.

SMM6, 28 March: Yunnan Luoping Zinc Power Co., Ltd. issued a notice saying that recently the company's wholly owned subsidiary Puding County Derong Mining Co., Ltd. Jinpo lead-Zinc Mine has obtained a safety production license issued by the Office of Emergency Management of Guizhou Province, certification and resumption of production. The details are as follows:

No. (Guizhou) FM [2019] 0047

Unit name: Puding Delong Mining Co., Ltd. Jinpo lead-Zinc Mine

Main person in charge: Zhou Weijun unit

Add: Ji Chang Po Na Yong Cun, Puding County, Guizhou Province

Economic type: limited liability company

Permitted scope: underground mining of lead and zinc mines (700000 tons / year)

Validity period: June 24, 2019 to June 23, 2022

June 28, 2019, Derong Mining received Puding County Emergency Management Bureau issued by the production safety law enforcement document "rectification Review opinion" (General Emergency Review [2019] non-coal-20) and "consent to Puding Delong Mining Co., Ltd. Jinpo lead and Zinc Mine supply of explosive products" (Pudong Emergency non-Coal letter [2019] 33). As the Derong Mining Jinpo lead-Zinc Mine has obtained a new safety license, and the license is complete, the Puding County Emergency Management Bureau applied to the Puding County Public Security Bureau to supply explosive products to the Derong Mining Jinpo lead-Zinc Mine in accordance with the regulations. At this point, Derong Mining Jinpo lead-Zinc Mine has the conditions to resume production, and will be obtained from the "rectification and reform review opinion" from the date of resumption of production.

The 2018 annual report of Derong Mining Jinpo lead-Zinc Mine (audited) and its financial statements from January to May 2019 (unaudited) show that its output in 2018 was 103928.8 tons, income was 16513087.76 yuan, and net profit was 1672446.99 yuan; from January to May 2019, production was 36207.23 tons, income was 6244101.73 yuan, and net profit was 713031.98 yuan. The shutdown time is 10 natural days, the shutdown time is relatively short, combined with its production and operation, the company judged that the shutdown will not have a significant impact on the company's profits.

The company will urge subsidiaries to strictly implement laws, regulations and standards related to production safety in order to carry out production.

Luoping Zinc Power Delong Mining lead-Zinc Mine

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

[SMM Tin Flash:Eloro Resources has more than doubled the tin resource estimate at its Iska Iska project. ]

Canadian exploration company Eloro Resources (TSX: ELO) announced that the tin resources at its Iska Iska polymetallic (silver-zinc-tin-gold) deposit in Bolivia have more than doubled. According to the company’s report, the tin content of the deposit has increased by 107.7% compared to the 2023 Mineral Resource Estimate (MRE). With total contained tin resources now reaching 290,000 metal tonnes at a grade of 0.03% Sn, it ranks as the fourth-largest tin resource in South America. Geologically, the tin resources are primarily concentrated in two key mineralized domains. The majority is located within the Polymetallic Domain 2 (containing 145,000 tonnes at 0.02% Sn) and the Tin Domain (containing 62,000 tonnes at 0.20% Sn). The company has also upgraded portions of the silver, zinc, and lead

5 hours ago

LME Lead Pulled Back After Hitting a 2-Month High, with Focus on Subsequent Macro Changes [SMM Lead Morning Brief]

[SMM Lead Morning Brief: LME Lead Pulled Back After Hitting a 2-Month High, with Subsequent Focus on Macro Changes] SMM reported on May 8: Overnight, LME lead opened at $1,977/mt. Throughout the day, LME lead continued the previous day's trend of fluctuating upward, coupled with lead ingot destocking outside China...

5 hours ago

Geopolitical Tensions Outside China Resurface, Lead Prices Expected to Give Back Some Gains [SMM Lead Morning Meeting Minutes]

[SMM Lead Morning Meeting Minutes: Geopolitical Tensions Resurface Outside China, Lead Prices to Give Back Some Gains] Tensions rise again in the Strait of Hormuz: Iran accused the U.S. of violating the ceasefire by launching airstrikes on Iranian coastal areas and oil tankers. Geopolitical events outside China resurfaced, the macro situation became tense, and non-ferrous metals largely pulled back. China's lead fundamentals underperformed...

5 hours ago