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China Nonferrous Mining Corp. Ltd. ( (HK:1258) ) has shared an update.
China Nonferrous Mining Corporation Limited announced the commencement of a new mining project in Luanshya, Zambia, aimed at extending the life and capacity of the CNMC Luanshya Copper Mines PLC. The project involves significant investment in resource extraction and sulfide ore development, with a total planned investment of approximately US$680 million. This initiative is expected to enhance copper concentrate supply security, generate employment, and stimulate local economic development, ultimately benefiting shareholders.
The most recent analyst rating on (HK:1258) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.
More about China Nonferrous Mining Corp. Ltd.
China Nonferrous Mining Corporation Limited is a company incorporated in Hong Kong, specializing in the mining industry with a focus on copper production and related services.
YTD Price Performance: 189.34%
Average Trading Volume: 21,233,638
Technical Sentiment Signal: Buy
Current Market Cap: HK$56.54B
See more insights into 1258 stock on TipRanks’ Stock Analysis page.