Western Mining subsidiary secures major exploration rights in Anhui

Western Mining Co., Ltd. announced on October 25, 2025, that its controlled subsidiary, Tibet Yulong Copper Co., Ltd., successfully bid for exploration rights to the Chating Copper-Polymetallic Mine in Anhui Province. The acquisition, finalized on October 23, 2025, for a price of 860,893 million yuan, aims to bolster Western Mining’s resource reserves and enhance its presence in the non-ferrous metals sector.

This strategic move aligns with the company's robust performance in the first three quarters of 2025, where it achieved a total operating revenue of 48.442 billion yuan, a 31.90% increase year-over-year. Net profit attributable to shareholders increased by 7.80% to 2.945 billion yuan. The company also saw significant production increases, with mined copper up 1.32%, mined zinc up 19.92%, and mined aluminum up 21.02% during the same period.

The acquisition is expected to further strengthen the company's core business and create new economic growth points, although it is still subject to the finalization of the transfer agreement and further resource exploration work to confirm actual reserves and grades.