Tongling Nonferrous: Mirador Copper Mine Phase II Expansion Faces Delay

Tongling Nonferrous Metals Group Co., Ltd. (000630.SZ) announced that the Phase II expansion of the Mirador copper mine, operated by its controlled subsidiary China Railway Construction Tongguan Investment Co., Ltd., is expected to be delayed.

The project was originally scheduled for completion in June 2025, followed by trial production from July to December 2025, and full commercial operation in early 2026. However, due to political instability in Ecuador and frequent personnel changes, progress on signing the Mining Contract has been affected. As a result, formal commissioning can only proceed after the Mining Contract is executed.

At present, the start date for commercial production remains uncertain, and the delay is expected to have a certain impact on the company’s operating performance in 2026, according to the announcement.