Northern Copper: Company Has No New Copper Mining Rights Added

NightAirdropper · 2026-03-17T04:40:06+00:00

Northern Copper responded to investor inquiries, stating that there are currently no new copper mining rights being acquired. The company is advancing deep exploration work at the copper mine of Shanxi Northern Copper Company Limited, and upon completion, it can apply for new mining rights below the 80-meter elevation mark.

NightAirdropper

2026-03-17 04:40:06

Abstract generation in progress

Everyday AI Express: An investor asked on the investor interaction platform: Please inform us about the progress of your company’s new copper mines and the processing of the mining permits for your controlling company’s copper mines?

Northern Copper (000737.SZ) stated on the investor interaction platform on March 13 that the company currently has no new copper mining rights. The copper mine Yumi, owned by its wholly owned subsidiary Shanxi Northern Copper, is in the detailed survey stage for resources below 80 meters elevation. After completing this stage, the company will proceed with deep exploration based on the mine’s production plan, which includes arranging engineering according to standards, accurately mapping the ore body, and ultimately submitting resource estimates and exploration reports. Only then can the company apply for additional mining rights below 80 meters elevation at the Yumi copper mine.

(Reporter: Zhang Mingshuang)

Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Verify before use. Operate at your own risk.

Daily Economic News

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.