Western Mining's Yulong copper mine expansion approved

Western Mining Co., Ltd. (SSE:601168) announced that its subsidiary, Tibet Yulong Copper Co., Ltd., has received approval from the Development and Reform Commission of the Tibet Autonomous Region for the Phase III expansion of the Yulong Copper Mine. The project will increase the mine's copper ore production capacity from 19.89 million tonnes per year to 30 million tonnes per year. The total estimated investment for the project is CNY 479,336 million, fully funded by the company. The expanded mine is projected to produce 180,000 to 200,000 tonnes of copper metal annually, significantly boosting Western Mining's overall copper production capacity and strengthening its market position. The mine will have an estimated service life of 23 years after the expansion.