Jinchuan Group International Resources Co. Ltd · HKEX:2362
Jinchuan Group International Resources — FY2022 Earnings Presentation
25 slides from Jinchuan Group International Resources's earnings presentation, July 2023
Slide 1: FY2022 Results Investor Presentation
金川集团国际资源有限公司 Jinchuan Group International Resources Co. Ltd FY2022 Results Investor Presentation 1 July 2023
Slide 2: Table of contents
Table of contents Section 1 Company Overview Section 2 Mining Assets Section 3 Investment Highlights Section 4 Financial Performance Section 5 Q&A 2
Slide 3: Company Overview
Company Overview 3
Slide 4: Jinchuan Group overview and product portfolio
Jinchuan Group Group overview Product portfolio • Business overview: • Jinchuan Group is a large-scale non-ferrous mining conglomerate with an international presence, primarily engaged in mining, milling, smelting, Nickel Copper Cobalt PGM chemical processing and further downstream processing; it al
Slide 5: Jinchuan International - Overview
Jinchuan International - Overview Jinchuan Group International Resources Co. Ltd (“Jinchuan International” or “the Company”) is a majority-owned subsidiary of Jinchuan Group and flagship platform for overseas resources development. The Company is listed on the Main Board of the Hong Kong Stock Exc
Slide 6: Jinchuan International Shareholding Structure
Jinchuan International Shareholding Structure In Nov 2010, Following Jinchuan Group’s acquisition of controlling stake in Macau Investment Holdings, Macau Investment Holdings was renamed as Jinchuan Group International Resources Co. Ltd In Sept 2013, Jinchuan International was approved by its sh
Slide 7: Summary of Reserves and Resources
Summary of Reserves and Resources (As of 31 Dec 2022) Tonnage Grade Contained Metal Mt % % kt kt Copper - Cobalt Copper Cobalt Copper Cobalt Proved 11.5 3.1 0.9 357 100 Probable 23.2 2.4 0.5 548 106 Total reserves 34.7 2.6 0.6 905 206 Measured 17.9 2.8 0.8 493 150 Indicated 40.0 2.2 0.5 867 180 Infe
Slide 8: Mining Assets
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Slide 9: Geographical Location
Geographical Location Ruashi Mine • Location: Lubumbashi, Katanga Province, DRC • Ownership: Jinchuan Intl. (75%), Gecamines (25%) Operating Mines • Products: Cathode copper, cobalt hydroxide • LoM: 9 years Development Project • Reserves: 299kt Cu, 32kt Co Exploration Project • Resources: 614kt Cu,
Slide 10: Ruashi Mine
Ruashi Mine Overview Reserves and Resources Summary (as of 31 Dec 2022) Operational Review Located in the DRC. Open-cast oxide Tonnage Grade Contained metals copper and cobalt mine with sulfide potential underneath Mt % % kt kt Ruashi completed the construction of a Open-pit mining 600kt flotation
Slide 11: Kinsenda Mine
Kinsenda Mine Overview One of the world’s highest grade copper deposits and has good access to infrastructure Current mine life is 14 years and there exists substantial additional ore resources that could extend the mine life to 20 years and beyond Kinsenda Concentrator completed the trial run
Slide 12: Musonoi Project
Musonoi Project Overview Reserves and Resources Summary (as of 31 Dec 2022) Tonnage Grade Contained metals Mt % % kt kt Oxide Cu Co Cu Co Proved 2.7 3.4 1.0 91 28 Probable 0.5 3.3 0.8 16 4 Total reserves 3.2 3.3 1.0 107 32 Musonoi Project is a brownfield copper and cobalt project located on the no
Slide 13: Lubembe Project
Lubembe Project Overview Project Description Project Progress An exploration project located 30km south of Kinsenda Successfully upgraded the majority of mineral resources Mine from Inferred to Indicated in December 2021 Low grade, bulk mineable, mixed oxide/ sulphide During the first 6 mont
Slide 14: Investment Highlights
Investment Highlights 14
Slide 15: Extremely rare & mature miner of copper and cobalt on HK market
Extremely rare & mature miner of copper and cobalt on HK market An International copper cobalt miner with sizable production and high quality resources Top-of-the-class copper & cobalt grades and highly competitive cost profile Strengthen ESG management and promote sustainable development Highly exp
Slide 16: International copper & cobalt miner with sizable production and high-quality resources
An international copper & cobalt miner with sizable production and high-quality resources A mature international miner with historically stable Abundant high-quality Cu & Co resources1 mined production of Co & Cu Cu Reserve grade up to 5.8% Co Reserve grade up to 0.9% Company’s mined copper Comp
Slide 17: Top-of-the-class copper & cobalt grades and competitive cost profile
Top-of-the-class copper & cobalt grades and highly competitive cost profile Benchmarking of Cu grade against top 51 producing copper mines Highly competitive cash Cost Copper resources grade, % 2020 global copper C1 cash cost curve (USD/lb Cu; post by-product credits) 5.0 4.7% Global top 51 operatin
Slide 18: Strengthen ESG management and promote sustainable development
Strengthen ESG management and promote sustainable development Water is recycled Government Workshop Farmers training Safety, Anti-corruption Training Employees volunteer Tree planting with students 18
Slide 19: Highly experienced board and management with exceptional track record
Highly experienced board and management with exceptional track record Cheng Yonghong Gao Tianpeng Executive Director and Chairman of the Board Executive director & CEO Mr. Cheng joined the Group as a director of Metorex in During his 29-year career at the Company, he has taken April 2015 on vari
Slide 20: A strong growth profile supported by an attractive pipeline
A strong growth profile supported by an attractive pipeline of producing mines, development projects and advanced exploration projects providing strong foundation to capture future Cu & Co market opportunities Evolution of Company’s mined cobalt production, kt Musonoi 11.4 Operating Development Expl
Slide 21: Financial Performance
Financial Performance 21
Slide 22: Financial performance
Financial performance Copper production(t) Cobalt production(t) 80,000 6,000 73,057 72,477 5,070 5,000 4,752 70,000 4,158 3,961 61,624 61,260 59,440 4,000 3,379 60,000 3,000 50,000 42,512 2,000 40,000 1,000 30,000 0 2017 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Copper price & revenue of cop
Slide 23: Financial performance
Financial performance EBITDA Net profit attributable to shareholders (USDm) (USDm) 350.0 311.5 300.0 250.0 140 214.2 121 200.0 150.0 140.4 111.7 67 116.1 100.0 30 50.0 9 1 0.0 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Total assets Copper C1 cash cost (post Co by-product credit) (USDm) (USD
Slide 24: JINCHUAN II
— JINCHUAN II 24
Slide 25: Disclaimer
Disclaimer Statements in this presentation, other than historical facts, that address exploration activities and mining potential are “forward-looking” statements and are not statements of fact. These statements are generally identified by words such as “believes,” “expects,” “predicts,” “intends,”
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