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China

Qulong (Julong) Mine

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Qulong (Julong) Mine

Location: 20 km SW from Maizhokunggar, China

Address:

No. 1 Zijin Road, Shanghang County
Longyan
China
364200

Contacts:

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Categories

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. Construction will start in 2024 and is expected to finish by the end of 2025.

If the phase 3 project is approved by the relevant government authorities, the Julong Copper Mine can potentially achieve an annual ore mining and processing volume of approximately 200 million tonnes, making it the largest standalone copper mine in the world in terms of mining and processing scale.

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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SourceSource

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
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Daily processing capacity  ....  Subscribe

Production Costs

Commodity production costs have not been reported.

Financials

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

Heavy Mobile Equipment

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Aerial view:

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