Inventory of the hottest reserves, output and prof

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Reserves, production, profits... Inventory of the three domestic copper giants, who is the real copper tycoon

Jiangxi copper is the largest copper enterprise in China, with Dexing Copper Mine (including Tongchang mining area, Fujiawu mining area, zhushahong mining area), Yongping Copper Mine, Chengmenshan Copper Mine (including jinjiwo silver copper mine), etc

Dexing Copper also paid attention to the inspection of the mine's production capacity of 1549500 tons/year, ranking first in the country; As of 2016, the company's resource reserves were 9.83 million tons of copper, and the resources controlled by other companies combined with the company's equity accounted for about 4.43 million tons of copper

the company owned by Yunnan Copper currently has equity copper reserves of about 6.5 million tons. Among them, the production capacity of Dahongshan Copper and Pulang copper mine is more than 10000 tons, 50000 tons/year and 225600 tons/year respectively

Tongling Nonferrous Metals has many mines with copper resource reserves of 1.1 million tons. Among them, Dongguashan Mine has a production capacity of more than 10000 tons, with a production capacity of 33590 tons/year

compared with other domestic copper enterprises, Jiangxi copper industry has obvious advantages in resources and scale

II. Self sufficiency rate of copper concentrate PK

among the three major copper enterprises, the output of copper concentrate of Jiangxi copper industry accounts for 13% of the country; Yunnan Copper and Tongling Nonferrous Metals account for 3% respectively

in 2017, the output of Jiangxi copper concentrate decreased slightly, but it still ranked first among the three major copper enterprises. Jiangxi copper has an annual copper concentrate production capacity of 210000 tons/year in 2016; The planned output in 2017 was 208900 tons, lower than that in 2016. The semi annual report of 2017 showed that the copper content of copper concentrate produced in the first half of the year reached 104700 tons, and the output of cathode copper was 644900 tons. The actual annual output of copper concentrate is expected to exceed the planned output in 2017

the copper content of copper concentrate produced by Yunnan Copper Industry in 2016 was 55757 tons, a year-on-year decrease of 0.97%; In the first half of 2017, 2305300 tons were completed, with an annual plan of 39.41%, a year-on-year decrease of 4.05%. The output of cathode copper is 277740 tons

Tongling Nonferrous Metals completed 47800 tons of copper concentrate in 2016, a year-on-year decrease of 1.26%; In 2017, it is planned to increase the copper content of self-produced copper concentrate to 49250 tons. The 2017 semi annual report shows that the copper content of self-produced copper concentrate has completed? 2.24? Million tons, accounting for 45% of the annual plan. The output of cathode copper is 618400 tons

in terms of copper concentrate output, Jiangxi copper industry has the largest output scale. In the first half of 2017, the output was 4.5 times that of Yunnan Copper Industry and 4.6 times that of Tongling Nonferrous Metals. In terms of the self-sufficiency rate of copper concentrate, the self-sufficiency rates of Jiangxi copper, Yunnan Copper and Tongling Nonferrous copper concentrate are 16.24% respectively. Cooling devices: after leaving the machine head, the formed plastic extrusion layer is 8.03% and 3.62%

China's copper mine is in short supply, and the mineral self-sufficiency rate of the whole industry is generally low. Although the current mineral self-sufficiency rate of Jiangxi copper industry has decreased from the level of about 20% in previous years, the proportion of about 16% is still at a high level in the industry

In the first half of 2017, Jiangxi copper produced 1.7 million tons of sulfuric acid, 12532 kilograms of gold, 247 tons of silver, and 3676 tons of molybdenum concentrate

Yunnan Copper achieved 822000 tons of sulfuric acid, 5300 kg of gold and 259 tons of silver

Tongling Nonferrous sulfuric acid achieved 2135400 tons, 4418 tons of gold and 204.76 tons of silver

IV. cost PK

the average smelting cost of the domestic copper smelting industry is 2200 yuan/ton

the smelting cost of Guixi plant of Jiangxi copper industry is about 2200 yuan/ton; Tongling Nonferrous Jinlong smelter is one of the most advanced copper smelters in China, with low production cost and 1800 yuan per ton of copper smelting cost; Due to the advantages of Aisa furnace process, the smelting cost of Yunnan copper has decreased significantly in recent years. At present, the smelting cost per ton of copper is about 2000 yuan

it can be seen that Tongling Nonferrous Metals has an absolute advantage in smelting cost

v. operating performance PK

due to the decline of 13800 tons of electrolytic copper production, the revenue of Tongling Nonferrous Metals decreased; However, thanks to the higher copper price, the net profit increased year-on-year. In terms of net profit, Jiangxi copper industry is 1.581 billion yuan, which is the largest enterprise earned by the three major copper enterprises at present. The second is Tongling Nonferrous Metals, with a net profit of 395million yuan. The net profit of Yunnan copper industry is 225million yuan

VI. future prospects

with the soaring copper price in recent years, copper enterprises have injected new assets to obtain more resource reserves

Jiangxi copper: in October 2017, the company prepared to purchase assets in Central Asia and Africa to seek overseas expansion. In November 2017, Jiangxi Copper spent 236million yuan to acquire 60% shares of Jiangxi gold, improving the competitiveness of the gold business

Yunnan Copper Industry: Yunnan's own copper resource reserves are very rich. The Lala Copper Mine under Liangshan Mining has a reserve of 800000 tons, and the output of copper concentrate is about 3. Dry conditions: 800 ℃. 2 hours, 10000 tons. The proven economic resources of copper in Pulang mine are more than 920000 tons, including 760000 tons of high-level reserves. It is predicted that the prospective resources can reach more than 3million tons. At the same time, nearly 300 tons of gold and silver verification should be 5-point associated ore. Yunnan Copper Group, the controlling shareholder of the company, has a large amount of copper resources, and the future development of the company is worth looking forward to

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