China Nonferrous Mining Corporation Limited announced that based on a preliminary assessment of the unaudited consolidated management accounts of the company and its subsidiaries and the information currently available to the Board, the operating results of the group for the year ended December 31, 2013 are expected to substantially decline as compared to that for the corresponding period in 2012. The Board considers that the anticipated decline in the operating results of the Group for the year ended December 31, 2013 is mainly attributable to: (i) a significant decline in product price in the whole year of 2013 as compared to the corresponding period in 2012 due to the impact of the global economy; and (ii) the production capacity of new projects has yet to reach maximum utilisation, resulting in an increase in the Company's cost of sales and a drop of gross profit margin compared with the corresponding period in 2012.