Zijin Mining announced that its wholly-owned subsidiary Zijin Industrial has acquired 48.591% equity of Zhonghui Industrial through the transfer of Zhonghui Industrial's equity and the capital increase of Zhonghui Industrial and Zilong Mining, with an investment of about RMB 1.65 billion. Zhonghui Industrial holds the exploration rights of Zhuono Copper Mine in Angren County, Shigatse, Tibet. Zijin Industrial will take the lead in the construction and operation of Zhuono Copper Mine, with a selected scale of 24 million tons/year and a total service life of 20 years (excluding the construction period of 2 years), and an average annual copper production of 99,000 tons.