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Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) has provided an update.
Jinchuan Group International Resources has entered into a new three-year framework agreement with its controlling shareholder Jinchuan Group Co., Ltd, under which JCG’s group will continue to provide mining, maintenance, bagging, loading and other mining-related services, as well as supply certain products, to the listed group from 1 January 2026 to 31 December 2028. The continuing connected transactions, which fall below the 5% threshold under Hong Kong listing rules, will be subject only to reporting and announcement requirements and exempt from independent shareholders’ approval, reinforcing the group’s reliance on JCG’s large-scale technical and operational capabilities for its African copper and cobalt operations while maintaining regulatory compliance for related-party dealings.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is an investment holding company whose group operations focus on mining metals, primarily copper and cobalt, in the Democratic Republic of Congo and Zambia, and on trading mineral and metal products in Hong Kong. Its controlling shareholder, Jinchuan Group Co., Ltd (JCG), is a major state-owned mining enterprise backed by the Gansu provincial government and ranks among the world’s largest producers of nickel and cobalt and a leading copper producer in China, with a diversified portfolio that includes various non-ferrous metals and related chemical products.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
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