China Nonferrous Mining reports strong profit growth despite revenue dip

China Nonferrous Mining Corporation Limited reported a total profit of $533m for the first half of 2025, a 23.1% increase year-over-year. Net profit attributable to the parent company rose by 20.2% to $263m. Revenue, however, decreased by 12.9% to $1,751.5m. Copper production from self-owned mines reached 85,200 tonnes, up approximately 7.2% from the same period last year, with NFCA, Luanshya, and Kambove Mining all contributing to this growth.

The group's operating results were positively influenced by an increase in global copper prices and higher sales volumes of copper cathodes. Copper cathode production increased by 15.6% to 72,192 tonnes, while blister copper and copper anodes decreased by 30.4% to 111,283 tonnes. The company also processed 102,708 tonnes of copper products for external enterprises, an increase of 152.9%.

Capital expenditure for the first half of 2025 totaled $108.4m, a $62.4m increase compared to the first half of 2024, driven by investments in Chambishi Southeast Mine, new mine projects, and Kambove Mining. The company also announced the acquisition of a partial equity interest in the Benkala copper mine in Kazakhstan.