Jiangxi Copper’s SolGold Takeover Becomes Effective, Bolstering Global Resource Base

Jiangxi Copper Company ( (HK:0358) ) has provided an announcement.

Jiangxi Copper Company Limited, through its wholly owned subsidiary Jiangxi Copper (Hong Kong) Investment Company Limited, has completed the effective formal offer to acquire all remaining shares of UK-listed SolGold plc at 28 pence per share. The offer became effective after a UK court ruling on 2 March 2026 was submitted to the Registrar of Companies on 4 March 2026, finalizing Jiangxi Copper’s move to secure a strategic overseas mining asset.

SolGold’s core Alpala deposit within the Cascabel Project has completed a pre-feasibility study and contains substantial copper, gold, and silver resources, with significant proven and probable reserves. Jiangxi Copper expects the transaction to markedly expand its resource reserve base, bolster resource security, and support its global deployment and high-quality sustainable development, while cautioning that SolGold’s projects remain pre-production and will require considerable time, capital, and expertise, posing investment risks.

The most recent analyst rating on (HK:0358) stock is a Hold with a HK$47.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

More about Jiangxi Copper Company

Jiangxi Copper Company Limited is a major Chinese non-ferrous metals producer focused on copper mining, smelting, and processing, with growing interests in overseas resource assets. The company is pursuing global expansion to strengthen its resource reserves, supply security, and long-term competitiveness in the international copper and precious metals markets.

Average Trading Volume: 24,422,639

Technical Sentiment Signal: Buy

Current Market Cap: HK$189.4B

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