JCHX(603979)2024-12-02 10:17Group 1: Production Plans - Dikulushi copper mine plans to produce approximately 10,000 tons of copper concentrate equivalent in 2024 [2] - Lonshi copper mine aims to achieve production of 20,000 tons of copper metal and sales of 22,000 tons in 2024 [2] - Two Rivers phosphate mine targets to complete production and sales of 300,000 tons of phosphate rock for the year [3] Group 2: Weather Impact - The rainy season (November to April) will affect production and transportation at Dikulushi and Lonshi copper mines [3] - Lonshi mine is only 3 km from the Zambia border, with better infrastructure, thus less affected by the rainy season [3] - Dikulushi mine faces significant challenges due to road conditions during the rainy season, leading to lower production and sales [3] Group 3: Resource Exploration - The company has discovered three major copper ore bodies in the Lonshi fault zone, with stable continuity and uniform copper grade [4] - Resource estimation for Lonshi remains incomplete, indicating uncertainty in future assessments [4] Group 4: Lubambe Copper Mine Operations - The company is implementing measures to ensure a smooth transition of management at Lubambe copper mine [4] - Technical upgrades are planned for the entire mining system from 2024 to 2026 to achieve production capacity [4] - The acquisition of Lubambe's debt will not increase the company's debt-to-asset ratio due to internal debt consolidation [4] Group 5: San Matias Project - The San Matias Alacran copper-silver project has completed feasibility studies, with environmental assessments submitted for approval [5] - The project is not yet in the construction phase pending environmental impact assessment approval [5] Group 6: Mining Services Growth Potential - Growth in mining services is driven by new projects and increased business volume from existing operations [5] - Pricing for mining services is based on a cost-plus model, considering resource endowment and technical difficulty [6] Group 7: Overseas Operations - The company employs a combination of domestic and local personnel for overseas projects, enhancing local employment and training [6] - The company has gained recognition in international markets, successfully undertaking various overseas mining projects since 2012 [6] Group 8: Future Acquisition Plans - The company prefers resource acquisition through exploration for economic efficiency, focusing on copper and precious metals that align with its scale [7]