洛阳钼业相关人士向财联社记者表示，2024年公司主要矿产品产量的增长，主要得益于刚果（金）TFM和KFM两座世界级铜矿山的放量。目前，TFM形成了5条生产线、45万吨的年产铜能力；KFM拥有15万吨铜的年生产能力，经过持续的技术改进和工艺流程创新等，2024年频创月度产量新高。① Thanks to the expansion and increased production of two major Block Orders mines in the Democratic Republic of the Congo, CMOC Group Limited saw overall growth in the production volume of its main mineral products last year; ② Among them, the increase in Copper and Cobalt products was particularly pronounced, with year-on-year growth exceeding 50%.
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According to Financial Associated Press on January 6 (Reporter Liang Xiangcai), thanks to the expansion and increased production of two major Block Orders mines in the Democratic Republic of the Congo, CMOC Group Limited (603993.SH) saw overall growth in the production volume of its main mineral products last year, with notably significant increases in Copper and Cobalt products, both exceeding 50% year-on-year.
A CMOC Group Limited representative told Financial Associated Press that the growth in the production volume of the company's main mineral products in 2024 will mainly benefit from the ramp-up of the world-class Copper mines TFM and KFM in the Democratic Republic of the Congo. Currently, TFM has formed five production lines with an annual Copper production capacity of 0.45 million tons; KFM has an annual production capacity of 0.15 million tons of Copper, and through continuous technological improvements and process innovations, is expected to frequently set monthly production records in 2024.
This evening, CMOC Group Limited announced that in 2024, the increases in the company's main products, Copper Metal and Cobalt Metal, are significant, with annual production expected to be approximately 0.6502 million tons and 0.1142 million tons, respectively, an increase of 0.2306 million tons and 0.0586 million tons compared to last year, representing year-on-year growth of 55% and 106%.
Previously, the company's production guidance for Copper Metal in 2024 was set at 0.52 million tons to -0.57 million tons, and for Cobalt Metal, it was set at 0.06 million tons to -0.07 million tons; based on this announcement, calculating with the upper limit of production guidance (the same applies below), the completion rates for Copper and Cobalt Metal production were 114% and 163% respectively.
In terms of other Small Metal products, the company's annual Tungsten output was 8,288 tons, with a completion rate of 111%, a year-on-year increase of 4%; Molybdenum output was 15,396 tons, with a completion rate of 103%, a year-on-year decrease of 2%; Niobium output was 10,024 tons, with a completion rate of 100%, a year-on-year increase of 5%.
A representative from CMOC Group Limited stated that the company is currently advancing its expansion work according to a five-year development plan, including early exploration work for two major new projects, the TFM West Zone project and the KFM Phase II; CMOC Brazil will accelerate the construction of the Niobium Sector's continuous selection pilot plant and the Phosphate Sector's industrial trial to improve recovery rates and treatment volume, aiming for new peaks in production.
The president of CMOC Group Limited, Sun Ruiwen, stated in March 2024 that the company has set development goals for the next five years, which include achieving an annual production of 800,000 to 1 million tons of Copper, 90,000 to 100,000 tons of Cobalt, 25,000 to 30,000 tons of Molybdenum, and over 10,000 tons of Niobium.
