Sinomine Resource Group Signed Cooperation Agreement with Peru's Jinda Mining for La Joya Copper Mine

Published: May 29, 2026 00:48
On May 20, Sinomine Resource Group Co., Ltd. and Peru Kingda Mining Co., Ltd. signed a cooperation agreement at Sinomine Resource Group's headquarters on the La Haya copper mine project. Under the agreement, Peru Kingda Mining will re-register the mining rights of the La Haya copper mine located in Peru under a joint venture jointly established by both parties and controlled by Sinomine Resource Group. Sinomine Resource Group will provide funding, technology, and industry chain resource support to jointly advance the development of this copper ore resource. In the initial phase, the project will carry out Phase I exploration work, with drilling advancing simultaneously.

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 for 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
Approaching mid-year settlement, suppliers actively cut prices to sell; spot trades sluggish [SMM South China Spot Copper]
1 hour ago
Approaching mid-year settlement, suppliers actively cut prices to sell; spot trades sluggish [SMM South China Spot Copper]
Read More
Approaching mid-year settlement, suppliers actively cut prices to sell; spot trades sluggish [SMM South China Spot Copper]
Approaching mid-year settlement, suppliers actively cut prices to sell; spot trades sluggish [SMM South China Spot Copper]
1 hour ago
Ample Supply amid the Semi-Annual Report Period, Downstream Caution Flattens Spot Discounts [SMM North China Spot Copper]
1 hour ago
Ample Supply amid the Semi-Annual Report Period, Downstream Caution Flattens Spot Discounts [SMM North China Spot Copper]
Read More
Ample Supply amid the Semi-Annual Report Period, Downstream Caution Flattens Spot Discounts [SMM North China Spot Copper]
Ample Supply amid the Semi-Annual Report Period, Downstream Caution Flattens Spot Discounts [SMM North China Spot Copper]
Today, spot #1 copper cathode in North China against the front-month contract was quoted at an average discount of 170 yuan/mt to 110 yuan/mt, with the average discount at 140 yuan/mt, unchanged from the previous trading day. The transaction prices averaged 102,310 yuan/mt, an increase of 875 yuan/mt from the previous trading day.
1 hour ago
【SMM Flash】Russia Extends Industrial Sulphur Export Ban Through End-2026
1 hour ago
【SMM Flash】Russia Extends Industrial Sulphur Export Ban Through End-2026
Read More
【SMM Flash】Russia Extends Industrial Sulphur Export Ban Through End-2026
【SMM Flash】Russia Extends Industrial Sulphur Export Ban Through End-2026
Russia has officially extended its temporary sulphur export ban until December 31, 2026, according to Government Decree No. 785 signed on June 25, 2026. The ban was originally set to expire on June 30. The restriction continues to cover liquid, granular and lump sulphur. The Russian government stated that the move aims to prioritise domestic fertiliser production and safeguard national food security. Exemptions apply to exports destined for Eurasian Economic Union (EAEU) member states (including Belarus, Kazakhstan, etc.), as well as Abkhazia and South Ossetia. Sulphur shipments for humanitarian aid and international transit are also permitted under special licenses. The impact of the ban and broader market conditions has weighed on domestic output: Russia's industrial gaseous sulphur production fell 19% year-on-year to 1.75 million tonnes in January-May 2026.
1 hour ago
On May 20, Sinomine Resource Group Co., Ltd. and Peru Kingda Mining Co - Shanghai Metals Market (SMM)