HBIS Resources (SZ:000923)2023-05-05 01:10Group 1: Project Progress and Challenges - The company has been mining copper since the 1950s, with ongoing construction of the underground Phase II project, which has faced delays primarily due to pandemic impacts [2]. - The underground mining and construction are cautious due to the enclosed space operations, which can lead to concentrated outbreaks of COVID-19, affecting surface production operations [2]. - The Phase II project is expected to partially commence production in Q3 2023 [2]. Group 2: Strategic Goals and Market Position - The company aims to strengthen its position in the resource sector and achieve sustainable development, focusing on global market opportunities in 2023 [2]. - Plans for mergers and acquisitions are in place to expand the company's industrial scale and enhance sustainable profitability [2]. Group 3: Production Plans - The production plan for 2023 includes the lifting of 738.8 thousand tons of underground ore [3].