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Jinchuan International Production Report for H1 of 2020

Metal News - Published on Tue, 11 Aug 2020

Image Source: Jinchuan International
In 2020 1H, the Jinchuan International Group's mining operations produced 39,006 tonnes of copper content included in copper cathode and copper concentrate (six months ended 30 June 2019: 36,897 tonnes) and 2,635 tonnes of cobalt content included in cobalt hydroxide (2019 1H: 2,611 tonnes).

In 2020 1H, the Group's mining operations sold 34,000 tonnes of copper (2019 1H: 38,091 tonnes), representing a decrease of approximately 11% year-on-year compared to 2019 1H, and 2,970 tonnes of cobalt (2019 1H: 844 tonnes), representing an increase of approximately 252% year-on-year compared to 2019 1H.

Out of the sales of the copper and cobalt, the Group's mining operations generated revenue of approximately US$149.0 million and US$57.8 million, respectively (2019 1H: US$203.4 million and US$8.7 million, respectively) in 2020 1H, representing approximately 27% year-on-year decrease and 563% year-on-year increase, respectively, as compared to 2019 1H.

Moreover, the revenue generated from trading of externally sourced mineral and metal products amounted to approximately US$140.7 million, representing a decrease of approximately 71% as compared to US$493.3 million in 2019 1H.

Mining operationsH1'20
Copper (tonne)36,897
Cobalt (tonne)2,635
 


Product sold:H1'20
Copper (tonne)38,091
Cobalt (tonne)2,970
 

Source :

Posted By : Yogender Pancholi on Tue, 11 Aug 2020
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