China

Qulong (Julong) Mine

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Overview

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 the Zhibula Copper Mine) has a world-class, large-scale, and low-grade porphyry copper-molybdenum deposit.

The Phase I project of the Julong Copper Mine has been put into operation. It is planned to implement the construction of Phase 2 and Phase 3 in stages.

The phase 2 upgrade and expansion project of Julong Copper has been approved by relevant authorities. After completion of construction, the overall annual ore mining and processing volume will exceed 100 million tonnes, and the annual output of mine-produced copper will reach 300 thousand to 350 thousand tonnes.

Owners

SourceSource
CompanyInterestOwnership
Zangge Mining Co. Ltd. 30.78 % Indirect
Zijin Mining Group Co., Ltd 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.

Contractors

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Deposit type

  • Porphyry
  • Skarn

Summary:

The projects are situated in the northern mountain foot of western Guokalariju, eastern lower mountain of the Gangdise Mountains. It is precipitous. The southern part is high while the northern part is low with a strong cutting and glacier landform. The highest altitude is 5,566m. The elevation of the base level of erosion near the mining area is approximately 3,900m. The vegetation at the gullies and two sides is mainly high-mountain meadow. There is basically no tree and the vegetation is simple.

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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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2024202320222021
Copper t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Molybdenum t  ....  Subscribe  ....  Subscribe
Silver kg  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold kg  ....  Subscribe
All production numbers are expressed as metal in concentrate. ^ Guidance / Forecast.

Operational metrics

Metrics2022
Daily ore mining rate  ....  Subscribe
Daily processing capacity  ....  Subscribe

Production Costs

Commodity production costs have not been reported.

Financials

Units202320222021
Operating Income M RMB  ....  Subscribe  ....  Subscribe  ....  Subscribe
After-tax Income M RMB  ....  Subscribe  ....  Subscribe
Operating Cash Flow M RMB  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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AV - Autonomous

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