Jinchuan Group International Resources Co. Ltd · HKEX:2362
Jinchuan Group International Resources — Investor Presentation (January 2024)
40 slides from Jinchuan Group International Resources's investor presentation, January 2024
Slide 1: Investor Presentation
金川集团国际资源有限公司 Jinchuan Group International Resources Co. Ltd Investor Presentation Jan 2024
Slide 2: 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,”
Slide 3: Contents
Contents 1 OVERVIEW 2 MINING OPERATIONS 3 GLOBAL OPERATIONS 4 INVESTMENT HIGHLIGHTS 5 Q&A
Slide 4: Overview - Jinchuan Group
Overview - Jinchuan Group Awards & Credentials ➢ In 2022，Jinchuan Group was rated as the fourth largest cobalt and nickel producer in the world. Its annual production of copper ranked #289 Fortune Global 500 fourth in China and its PGM output ranked first in Asia. 2023 2023 Fortune China #85 ➢ Impre
Slide 5: Overview - Jinchuan International
Overview - Jinchuan International ➢ Jinchuan Group International Resources Co. Ltd (JCI) is a subsidiary of Jinchuan Group and serves as the flagship platform for the group's overseas resource development. It is listed on the main board of the Hong Kong Stock Exchange (stock code: 2362.HK). ➢ Levera
Slide 6: Timeline - Jinchuan International
Timeline - Jinchuan International Introduction of nine investors, Included in the first batch of Acquisition of five including Gansu Xinye, Gansu newly added Hong Kong Stock mining assets in Jinghe, Haitong International, Connect stocks under the southern Africa and Value Stone Shanghai-Hong Kong Co
Slide 7: Reserves and Resources
Reserves and Resources (As of 31 Dec 2022) Tonnage Grade Contained Metals 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 Inferred 15.6
Slide 8: Contents
Contents 1 OVERVIEW 2 MINING OPERATIONS 3 GLOBAL OPERATIONS 4 INVESTMENT HIGHLIGHTS 5 Q&A
Slide 9: Geographical Location
Geographical Location Ruashi Mine (Operating) Africa Musonoi (Construction) DRC Kinsenda Mine (Operating) Zambia Lubembe (exploration) Chibuluma Mine (leased out) South Africa 9
Slide 10: Ruashi Mine
Ruashi Mine ❑ Mine type: open-cast oxide copper and cobalt mine with sulphide potential underneath ❑ Location: Lubumbashi, Haut Katanga Province, the DRC ❑ Ownership: JCI (75%), Gécamines SA (25%) ❑ Processing: leach SX-EW processing ❑ Products: copper cathode, cobalt hydroxide 10
Slide 11: Ruashi Mine
Ruashi Mine ➢ LoM: 9 years Reserves and Resources Summary (as of 31 Dec 2022) ➢ Resources: 614kt Cu, 74kt Co Tonnage Grade Contained metals ➢ Reserves: 299kt Cu, 32kt Co Mt % % kt kt ➢ Ruashi Mine completed the construction of a 600kt per Cu Co Cu Co annum floatation and magnetic separation plant wh
Slide 12: Kinsenda Mine
Kinsenda Mine ❑ Mine type: underground copper mine ❑ Location: Haut Katanga Province, the DRC ❑ Ownership: JCI (77%), Sodimico (23%) ❑ Product: copper concentrates ❑ LoM: 12 years ❑ One of the world’s highest grade copper deposits and has good access to infrastructure 12
Slide 13: Kinsenda Mine
Kinsenda Mine ➢ LoM: Current mine life is more than 12 years and there Reserves and Resources Summary (as of 31 Dec 2022) exists substantial additional ore resources that could Contained extend the mine life to 20 years and beyond Tonnage Grade metals ➢ Resources: 950kt Cu; Reserves: 221kt Cu Mt % k
Slide 14: Kinsenda Mine-Copper
Kinsenda Mine-Copper For the six months ended 30 June 2023 Copper production increased by 20% and With an increase of Unit: tons resulted in an 49% ,due to the improved copper effective destocking Copper Production recovery rate and an Copper Sales Volume of its inventory 18% higher feed grade level
Slide 15: Musonoi Project
Musonoi Project ❑ Location: North of Kolwezi town, Lualaba Province, the DRC ❑ Ownership: JCI (75%), Gécamines SA (25%) ❑ Progress: under construction ❑ LoM: 19 years according to ENFI Feasibility Study ❑ Resources: 1,085kt Cu, 363kt Co ❑ Reserves: 606kt Cu, 174kt Co 15
Slide 16: Musonoi Project
Musonoi Project Reserves and Resources Summary (as of 31 Dec 2022) ➢ Resources: 1,085kt Cu, 363kt Co Tonnage Grade Contained metals Mt % % kt kt ➢ Reserves: 606kt Cu, 174kt Co Oxide Cu Co Cu Co ➢ Grade: Up to 0.9%, making it one of the highest- Proved 2.7 3.4 1.0 91 28 grade cobalt mines globally Pr
Slide 17: Lubembe Project
Lubembe Project ❑ Location: Haut Katanga Province, the DRC ❑ Ownership: JCI (77%), Sodimico (23%) ❑ Progress: mining license renewed in 2016 and extended for a further 15 years to 2032 ❑ An infill drilling program was completed 17
Slide 18: Lubembe Project
Lubembe Project ➢ Resources: 1,909kt Cu Reserves and Resources Summary (as of 31 Dec 2022) ➢ Grade: The copper grade of the project is 2.0% Contained Tonnage Grade ➢ It is a large-scale exploration project with significant metals cash flow potential as a long-term reserve Mt % kt ➢ Hydrogeological a
Slide 19: Chibuluma Mine
Chibuluma Mine ➢ Located in Zambia ➢ Starting from April 1, 2021, the Chibuluma South Mine (including the Chifupu deposit) and processing plant were leased to an independent third party for a period of five years to realize the remaining value of mining assets. ➢ As of December 31, 2022, fixed renta
Slide 20: Contents
Contents 1 OVERVIEW 2 MINING OPERATIONS 3 GLOBAL OPERATIONS 4 INVESTMENT HIGHLIGHTS 5 Q&A
Slide 21: PT. Wanatiara Persada
PT. Wanatiara Persada ❑ Mainly engaged in nickel laterite resources development, nickel ore and ferronickel production and sales. ❑ Location：Maluku-Indonesia ❑ Ownership：Jinchuan Group (60%)，RKA (40%) ❑ In November 2016, the Company invested 658 million USD to build the large-scale smelter with annu
Slide 22: Project PT KRS
Project PT KRS ❑ The Project PT KRS under construction is located in the IWIP Park in Central Halmahera Regency, North Moluccas Province, Indonesia. ❑ When completed, the project will consist of four 60,000 KVA RKEF ferronickel production lines, a 380,000 kW coal –fired power plant and corresponding
Slide 23: Project PT USMI
Project PT USMI ❑ Located in the IWIP Park in Central Halmahera Regency, North Moluccas Province, Indonesia. ❑ When completed, the project will consist of four 60,000 KVA RKEF production lines and corresponding nickel matte ancillary facilities. ❑ Annual nickel matte output equivalent to 50,000 tons
Slide 24: Bahuerachi Copper Mine in Mexico
Bahuerachi Copper Mine in Mexico ❑ The main metals are copper, gold, silver and molybdenum. ❑ Acquired in March 2008 and owns 100% of the Bahuerachi Copper Mine in Mexico. ❑ Located: in Urique, Chihuahua, Mexico in North America, at the intersection of three states, close to the border of Sonora and
Slide 25: Wesizwe Platinum
Wesizwe Platinum ❑ Established in August 2003, Wesizwe Platinum Limited is a primary platinum mine developer located in North West province, South Africa. Listed on the Johannesburg Stock Exchange under the symbol “WEZ” since December 2005. ❑ Core project is Bakubung platinum mine, which consists of
Slide 26: Tibet Tianyuan Mining Resources Development
Tibet Tianyuan Mining Resources Development ❑ Commodities: Copper、Gold、Silver ❑ Mine’s type: Open Pit ❑ Ownership：Jinchuan Group (55%)，Zijin (45%) ❑ The estimated investment of the company’s project totals 7.79 billion yuan (approximately $1.16 billion). ❑ At present, preparation work in the mining
Slide 27: Munali Nickel Mine
Munali Nickel Mine ❑ Located 85 kilometers south of Lusaka, capital of Zambia ❑ Munali Nickel Mine consists of one underground mine and one concentrator ❑ Expected to generate 8,500 metric tons of nickel ore concentrate annually. 27
Slide 28: Contents
Contents 1 OVERVIEW 2 MINING OPERATIONS 3 FINANCIAL PERFORMANCE 4 INVESTMENT HIGHLIGHTS 5 Q&A
Slide 29: Investment Highlights
Investment Highlights Extremely rare & mature miner of copper and cobalt in HK market 1 .One of the two companies listed on the Hong Kong Stock Exchange that are among the world's top ten cobalt mining companies. 2、high-quality copper and cobalt resources. 3、Competitive C1 cash costs. 4、A well-diver
Slide 30: One of the only two HK-listed cobalt producers
1. One of the only two HK-listed cobalt producers and a top 10 global cobalt listed producer Top ten cobalt resource producers globally in 2022 Rank Company Country Equity production/t Market Share 1 Glencore Switzerland 40,176 19.66 2 ERG Kazakhstan 20,000 9.79 3 CMOC China 16,229 7.94 4 Gécamines
Slide 31: Top-of-the-class copper & cobalt grades and competitive cost profile
2. Top-of-the-class copper & cobalt grades and highly competitive cost profile Data as of December 31, 2022. Benchmarking of Cu grade against top 5 producing Benchmarking of Cobalt grade against top 5 producing copper mines cobalt mines Copper resources grade, % Cobalt resources grade, % 5.0 4.6% 4.
Slide 32: Highly competitive cash cost position
3. Highly competitive cash cost position Data as of December 31, 2022. 2019年预计全球矿产铜企业C1现金成本曲线 (美元/磅铜，考虑副产品收益) 0% 25% 50% 75% 100% Ruashi Mine Kinsenda Mine Data source: S&P Mining 32
Slide 33: A well-diversified and highly promising asset portfolio
4. A well-diversified and highly promising asset portfolio Musonoi is a short-term priority and will become an important driver of profit growth for the company. Evolution of Company’s mined copper production, kt Operating Development Exploration 100 Mines Mine project 38 30 Kinsenda 30 Ruashi Ruash
Slide 34: An experienced board of directors and executive team
5. An experienced board of directors and executive team 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 April ▪ During 30-year career at the Company, Mr. Gao has taken 2015 on various responsib
Slide 35: Strengthening ESG management to promote sustainable development
6. Strengthening ESG management to promote sustainable development Fire Truck Usage Training for Close Cooperation with the Actively Donating to Local Employees Government Communities Conducting Various Training Employee Participation in Local Planting Monitoring and Programs for Employees Environme
Slide 36: Strengthening ESG management to promote sustainable development
6. Strengthening ESG management to promote sustainable development ➢ Extensive Coverage: Compliance extends from leading standards to domestic and international guidelines GRI Standards, TCFD recommendations, SASB Standards, Exchange guidance, and CASS-CSR 5.0 are fully implemented. Future reports w
Slide 37: Strengthening ESG management to promote sustainable development
6. Strengthening ESG management to promote sustainable development ESG material issues of JCI in 2022 ➢ In 2022, a total of 118 stakeholder 1 Environmental Management System 2 Water Resource Management questionnaires were distributed by JCI. 3 Waste Management Out of these, 23 questionnaires were 4
Slide 38: Supported by the fundamental aspects of the copper and cobalt markets
7. Supported by the fundamental aspects of the copper and cobalt markets ➢ In 2023, large-scale copper mine shutdowns in Peru and Panama, coupled with slower global copper mine supply growth and disruptions in the smelting sector, have contributed to a significant decline in copper production in Chi
Slide 39: Q&A
Q&A
Slide 40: Contact
Contact Jinchuan Group International Resources Stock Code: 02362.HK Address: 31/F, United Centre, 95 Queensway, Admiralty, Hong Kong Phone: +852 3919 7239 Fax: +852 3919 7208 Email: ir@jinchuan-intl.com Official Website: www.jinchuan-intl.com
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