The Zhunuo Copper Mine is a rare undeveloped, ultra-large copper mine in China. Its shallow orebody, which is not completely closed off yet, is thick in the center and thin around the perimeter. There are many copper and polymetallic anomalies in its periphery, and important discoveries have been made in nearby exploration projects. Thus there is good potential for reserve growth through prospecting and exploration.
The project is designed for open-pit mining, with plans to achieve an annual throughput of 24 million tonnes and an average annual copper production of 99,000 tonnes once fully operational. Led and operated by Zijin Mining, the project will employ Zijin’s advanced high-altitude, low-carbon, intelligent, and green open-pit mining solutions, as well as smart processing technologies, to create an environmentally friendly and intelligent mining operation.
In 2023, Tibet Zijin Industrial Co., Ltd., a wholly-owned subsidiary of Zijin Mining, along with its part-owned company Tibet Zilong Mining Co., Ltd., completed a restructuring of the equity of Tibet Zhonghui Industrial Co., Ltd. The restructuring was also participated by Tibet Shengyuan Mining Group Co., Ltd., Tibet Zange Venture Capital Group Co., Ltd., and Tibet Xizhi Energy Mining Co., Ltd. Post-restructuring, Zijin Mining indirectly holds a 48.591% interest in the project.