Jinchuan Internationl Rsrcs : Monthly Cobalt Output reached 460 tons JCI got fine achievement again

Monthly Cobalt Output reached 460 tons JCI got fine achievement again

Recently, Jinchuan International production site reported good news frequently.In early June, the high quality resources disclosed in first mining echelon ofKinsenda copper mine in DRC, copper grade up to 6.05%. In early July, the Ruashicopper and cobalt mine in the DRC, got another success that the productionoutput of Cobalt in June reached up to 460 tonnes, setting a historical recordsince the mine is started.

At present, driven by the ferocious development of new energy vehicles, cobalt asthe upstream material of ternary battery, its prices continue to rise. JinchuanInternational reserved cobalt resources of 366,000 tonnes, copper resources of4.52 million tonnes. In order to grasp the favorable opportunity from the rise incobalt prices, and change the quality resources to be economic benefits andinvestors return, Jinchuan international management developed a " Extract cobaltto protect copper" production and management strategy for Ruashi mine at thebeginning of the year. Jinchuan also arrange and deploy the preparatory work forany construction in the Musonoi project.

Ruashi mine is a core production mine under Jinchuan International. Since this year, Ruashi mine adhere to the efficiency and efficiency of priority, the guiding ideology "raises the quality and returns of development, promotes industrial transformation and upgrading" throughout the work, strengthen the whole process of production control and ensure safe, efficient and stable production.

Ruashi mine will rely on own ore production and foreign ore as addition supply,and it also adjust the copper and cobalt production ratio in timely. The "Extractcobalt to protect copper" strategy throughout the whole process, from rawmaterial procurement to product sales, from equipment maintenance toproduction adjustment. Even though the unusual situation has occurred in theproduction of Ruashi mine in March due to because the outsourcing raw materialcomposition is too complicated, we settled the situation by our managementtools and technical measures. All of us continue bravely with our work despitedifficulties, we organize the power to carry out technical research, to optimize thetechnology, to promote the management of raw materials ingredients form, tostrengthen the leaching, extraction and other key process elements of the

detection and analysis, etc. The above improved steadily the capacity of theproduction system, and created the highest record in monthly production ofcobalt.

Musonoi copper and cobalt ore is another rich cobalt mine under Jinchuan International, the mine had access to about 288,000 tons cobalt, which graded at 2.9%. At present, the preparatory work for construction in the Musonoi project are progressing in an orderly manner and the project finance is basically carried out. "A flat stone" is progressing smoothly which access to water supply, electricity, communications and roads as well as land levelling. The power supply contract has been signed and the community relocation work has been started smoothly. To be completed by the construction project, the estimated annual production output is cobalt of 7,500 tonnes, copper of 38,000 tonnes. Then, Musonoi mine will become the new profit-growth point of Jinchuan international.

With the opportunity of high cobalt prices, Jinchuan International will make a great development and achievement!