JINCHUAN INTL (02362): In the first three quarters, the mining business produced 57,929 tonnes of copper content in electrolytic copper and copper concentrate, an increase of approximately 31.6% year-on-year.

JINCHUAN INTL (02362) announced that for the nine months ended September 30, 2026, the Group's mining business produced 57,929 tonnes of copper content in electrolytic copper and copper concentrate, an increase of approximately 31.6% year-on-year compared with 44,024 tonnes in the same period of 2025. The increase was due to the additional contribution from the Musonoi mine (the Group's third operating mine in the Democratic Republic of the Congo (DRC)) since the commencement of commercial operations in November 2025. Copper production was partly offset by lower production at the Ruashi mine, due to unstable power supply from the national grid in the surrounding area, declining ore grades, tight supply of sulphur and sulphuric acid, and the repair and maintenance of its acid plant. During the period, due to the additional contribution from the Musonoi mine, the Group produced 6,254 tonnes of cobalt content in cobalt hydroxide, compared with 71 tonnes in the same period of 2025. The high cobalt production at the Musonoi mine during the period was due to its world-class high cobalt grade of approximately 1%; whereas the average cobalt grade at the Group's Ruashi mine in the past was generally approximately 0.3%. During the period, the Group's mining business sold 58,586 tonnes of copper content in electrolytic copper and copper concentrate, an increase of approximately 39.6% year-on-year compared with 41,971 tonnes in the same period of 2025. During the period, the Group sold 494 tonnes of cobalt, whereas there were no cobalt sales in the same period of 2025. However, the sales volume of cobalt hydroxide sold was relatively low compared with its output, mainly because the Musonoi mine is still pending agreement with the DRC government on the cobalt export quota. Local management in the DRC and South Africa is making every effort, in accordance with current government measures, to negotiate with the DRC government to obtain the quota as soon as possible.