Zijin Mining Faces Temporary Setback at Kamoa-Kakula Copper Mine

Zijin Mining Group Co ( (HK:2899) ) has shared an announcement.

Zijin Mining Group Co. has announced a temporary interruption in partial underground mining operations at the Kamoa-Kakula Copper Mine due to seismic activities, leading to flooding. This incident has resulted in a downward revision of the 2025 production guidance for mine-produced copper. Despite the setback, the company is taking measures to resume operations and maintain production levels, although a reduction in profitability is expected. The mine’s strong resource endowment and operational flexibility are expected to help it recover and meet future production targets.

The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.

More about Zijin Mining Group Co

Zijin Mining Group Co., Ltd. is a prominent player in the mining industry, primarily focusing on the extraction and production of copper. The company holds a significant stake in the Kamoa-Kakula Copper Mine, one of the world’s largest copper mines, located in the Democratic Republic of the Congo.

Average Trading Volume: 68,449,842

Technical Sentiment Signal: Buy

Current Market Cap: HK$532.5B

See more data about 2899 stock on TipRanks’ Stock Analysis page.