On April 24, JCHX Mining released its annual report for 2024. The report shows that in 2024, JCHX was committed to the implementation of ESG practices, attained remarkable progresses in both Chinese and overseas markets, ensured steady growth in contract mining sector, and guaranteed increased production capacity and efficiency in respect of resources investment. The total turnover of 2024 reaches CNY 9.94 billion, a year-on-year growth of 34.37%, with the proportion of that of overseas contract mining and resources investment increased to 70.78% of the total.
In 2024, for contract mining sector, 4.17 million m3 of excavation, including mining cutting works, was completed, and 41.49 mt of ores were produced. For resources investment sector, all production and operation works were conducted orderly at Dikulushi Copper Mine in the DRC, with the annual production and sales targets smoothly fulfilled. At Lonshi Copper Mine in the DRC, production ramp up was achieved in all respects at the west zone, overfulfilling the yearly production and sales targets. Besides, the acquisition of Lubambe Copper Mine in Zambia was closed in 2024, where successful takeover and smooth transition were realized. JCHX also invested in Terra Mining Pty Ltd, a contract mining service provider in Australia for open pits, further expanded its overseas businesses and enhanced its global strength.
The 2024 ESG report was also released together with the annual report. In 2024, JCHX adhered to the principle of mutual development and proactively practiced its social responsibilities by supporting the local infrastructure construction, local healthcare, safety and education and contributing to constructing and repairing roads, schools and hospitals, reclaiming fields and planting maize, and subsidizing the poor and the weak to benefit people's livelihood and promote development. The first ESG report of JCHX was released in July of 2024, which demonstrates JCHX’s achievements made in respect of improving the corporate governance system, performing its social responsibilities and pursuing sustainable development. By which, JCHX was rated at Level A by Wind ESG Rating, ranking the top 5% in the metals, non-metals and mining industry, fully displayed the fruits yielded during the long-term implementation of “harmonious growth”.
In 2025, JCHX will continue to increasingly strengthen efforts to expand its share in the global market, extensively track high-value overseas projects, widely expand its footprint to other countries, actively keep pace with the development of international project management philosophy, and constantly enhance the operation of overseas projects. With the start of the second round of concentrated construction at JCHX's own mines, the resources investment sector will enter a new stage of growth, by completing the technological upgrading and production increase at Lubambe Copper Mine and realizing stable production ramp up at the west zone of Lonshi Copper Mine. In addition, JCHX will keep integrating ESG concept into the corporate governance system, to pursue efficient mine development and effective environmental protection, based on the general principle of green and ecological mine construction. It will also actively fulfill its social responsibilities through more projects that benefit local people’s livelihoods and promote development, strengthen its relationship with local communities, and drive the faster and more sound development of the society, economy, medical cause, and education for the regions where JCHX’s projects are located.
