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China

Qulong (Julong) Mine

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Qulong (Julong) Mine

Location: 20 km SW from Maizhokunggar, China

Regional Office:

No. 1 Zijin Road, Shanghang County
Longyan
China
364200

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Copper
  • Molybdenum
  • Silver
  • Gold
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Julong project (including the Julong Copper Mine and Zhibula Copper Mine) has a world-class, large-scale, and low-grade porphyry copper-molybdenum deposit.

The Phase 1 upgrade and expansion project of Julong Copper mine has been put into operation. It is planned to implement the further expansion of Phase 2 and Phase 3 in stages.

The Phase 2 upgrade and expansion project of Julong mine has been approved by relevant authorities. Construction is fully advancing. The project is planned to complete construction and commence production by the end of 2025.

A feasibility study for Julong’s Phase 3 is being carried out. If approved, the annual ore processing could reach 200 million tonnes, making it the world’s largest copper mine with an annual output of approximately 600,000 tonnes of copper.

Owners

SourceSource
CompanyInterestOwnership
Zangge Mining Co. Ltd. 30.78 % Indirect
Zijin Mining Group Co., Ltd (operator) 50.1 % Indirect
Shareholding structure: Tibet Zijin Mining Co., Ltd. (wholly owned subsidiary of the Zijin Mining Group), Zangge Mining Company Limited, Tibet Shengyuan Mining Group Corporation and Tibet Maizhokunggar Dapu Industrial and Trading Co., Ltd. own 50.1%, 30.78%, 10.12% and 9% equity interest, respectively.

In the beginning of 2025, Zijin Mining announced its proposed acquisition of the controlling power in Zangge Mining (000408.SZ). Its core assets include 30.78% interest in the Julong Copper Mine in Tibet. After completion of the acquisition, the Company’s controlling shareholding in the Julong Copper Mine will be enhanced.

Contractors

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SourceSource

Deposit type

  • Porphyry
  • Skarn

Summary:

The Qulong porphyry-type copper and molybdenum deposit is located at the Gandise metallogenic belt of the Tethys-Himalayan metallogenic province, one of the main porphyry-type copper mine metallogenic provinces in the world. The existing Qulong Copper and Polymetallic Mine and the Rongmucuola Copper and Polymetallic Mine in the deposit are a complete porphyry-type copper deposit with a burial depth of 3 to 96m, which is generally a concealed to semi-concealed deposit. The deposit is east-west oriented with length of 2.27km, width of 1.50km from north to south in an oval shape. The ore is mainly structured by veinlet-disseminated orebody.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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EV - Electric
AV - Autonomous

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits20252024202320222021
Copper t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Molybdenum t  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver kg  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold kg  ....  Subscribe  ....  Subscribe
All production numbers are expressed as metal in concentrate. ^ Guidance / Forecast.

Operational metrics

Metrics20242022
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Production Costs

Commodity production costs have not been reported.

Mine Financials

Units2024202320222021
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After-tax Income M RMB  ....  Subscribe  ....  Subscribe
Operating Cash Flow M RMB  ....  Subscribe  ....  Subscribe

Aerial view:

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