Development of Kamoa-kakula copper mine has moved forward ahead of schedule in 2020. The main access tunnels between the northern and southern declines were connected by the end of November and the end of December respectively, achieving two milestones for the development of the project. By the end of December, underground development of 29.8 kilometers were completed. Mining teams have reached ultra-high grade ore, at core of the deposit, with a copper grade over 8%, far higher than the global average of 0.55%. The project’s surface stockpiles now contain approximately 1.52 million tonnes of high-grade and medium-grade ore, at an estimated grade of 4.03% copper. This constitutes a solid basis for its planned production in July 2021, and for it to ramp up capacity afterwards.

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Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).