On June 16, Zijin Mining Co., Ltd., 100% owned by Zijin Mining, obtained a pilot production permit for mineral processing facilities issued by the Ministry of Mines and Energy of Serbia and entered the pilot production stage. This is the second world-class mine completed and put into operation by Zijin Mining this year.
The construction of the Chukalu-Peggy copper and gold project lasted less than 3 years from M & A to trial production, reproducing the "Zijin speed". Chukalu-Peggy copper-gold deposit is one of the top ten high-grade super-large copper and gold deposits in the world, which is divided into upper ore belt and lower ore belt. The upper ore belt, which has entered the trial production, has resource reserves of 1.28 million tons of copper, an average grade of 3%, 81 tons of gold and an average grade of 1.91g / ton. The ultra-high grade orebody is mined for the first time, with a designed annual handling capacity of 3.3 million tons of ore and an average annual output of 91000 tons of copper and 2.5 tons of gold. The mine will complete all the work in the trial production phase before September this year and submit it to the Ministry of Mining for acceptance, so as to achieve a smooth transition from mine capital construction to production operation.
The lower belt of Qiukalu-Peggy Copper and Gold Mine also has resource reserves of 14.3 million tons of copper with an average grade of 0.86%, 299 tons of gold and 0.18g / ton of average grade. It is speeding up the research on the development and application of large-scale, low-cost and cost-effective natural caving method, and strives to realize the planning, construction and mining of Synchronize in the upper ore belt, which will become a major incremental project for Zijin Mining to grow by leaps and bounds.
Adhering to Zijin Mining's common development concept of "developing the mining industry for the benefit of society", while fully promoting the development and construction of mining projects, Qiukalu-Peji Copper and Gold Mine actively participates in the project to improve people's livelihood and helps the local fight against the epidemic of COVID-19. Promote stable economic and social development, won great recognition and support from the local government, community and people.
At the beginning of this month, Serbian President Vucci met with the vice president of Zijin Mining delegation Shen Shaoyang and his party in Belgrade, praising the company's international operating capacity. He pointed out that Zijin Mining has led to a rapid recovery and prosperity of the local economy with practical actions and extraordinary achievements. Driven by Zijin Mining, Serbia's position in the European mining industry continues to rise, and national copper production is expected to rise to 18% of Europe's total in 2022, a significant increase from 2020, and is expected to become the second largest copper producer in Europe.
Serbia is a key strategic layout area of Zijin Mining, which has been highly concerned by the heads of state of China and Serbia. Zijin Mining has total reserves of more than 25 million tons of copper and more than 650 tons of gold in Serbia's Chukalu-Peggy Copper Gold Mine and Serbian Zijin Copper (formerly Boer Copper). Among them, Serbian Zijin Copper Industry has 52000 tons of copper and 1.6 tons of gold in 2020, contributing 600 million yuan in net profit. At present, it is speeding up its reconstruction and expansion, with an annual output of 120000 tons of copper and 180000 tons of smelting copper. According to this calculation, after the completion of the upper ore belt of Qiukalu-Peji Copper Gold Mine and the reconstruction and expansion projects of Saizi Copper, the annual contribution of mineral copper will be more than 200000 tons, which will significantly improve the production capacity and efficiency level of Zijin Mining.
In addition to the Serbian Chukalu-Paiji copper and gold mine, Zijin Mining has a number of key projects are expected to be put into production this year, gold and copper production is expected to further increase. In terms of copper, the world-class ultra-high-grade copper mine-Camoa-Kakoula Copper Mine in the Democratic Republic of the Congo (DRC) was officially put into production in May, and the Qulong Copper Mine in Tibet, the largest porphyry copper mine in China, will be completed and put into production by the end of the year; in terms of gold deposits, the technical renovation and expansion of the Wulitika Gold Mine in Colombia is expected to be completed this year, and the technical renovation and expansion of the Norton Binduli low-grade Gold Mine in Norton, Australia, and Zijin in Guizhou will also continue to develop.
