Jinchuan Resources reports mixed performance, cobalt production plummets amid power issues

Jinchuan Group International Resources reported a 6.7% year-on-year decrease in copper production, totaling 44,024 tonnes for the nine months ended September 30, 2025, down from 47,183 tonnes in the corresponding period of 2024. This decline was primarily attributed to the temporary suspension of the SX-EW System in January 2025 due to power supply instability at its Ruashi Mine in the Democratic Republic of Congo. Despite the setback, the company utilized its flotation plant to maintain overall production levels, and the SX-EW System resumed operations by mid-May 2025.

Cobalt production saw a drastic reduction of approximately 90.3% year-on-year, falling to 71 tonnes from 735 tonnes in the same period of 2024. Furthermore, no cobalt product was sold in the period, contrasting with 1,318 tonnes sold in 2024, a consequence of low production and an export ban on cobalt since February 2025. Conversely, copper product sales saw a slight increase of 1.5% year-on-year, reaching 41,971 tonnes compared to 41,368 tonnes in 2024.

Trading in the company's shares remains suspended on the Stock Exchange, effective from March 28, 2025, until further notice. The company also announced the commissioning of its Musonoi Project, which boasts significant mineral reserves of 606,000 tonnes of copper and 174,000 tonnes of cobalt.