Copper Mine
Zangge Mining holds a 30.78% stake in Tibet Julong Copper Co., Ltd., which develops Asia’s largest copper mine with copper metal resources totaling 25.88 million tons (grade: 0.29%). In the first half of 2025, the project achieved an investment income of RMB 1.264 billion, an increase of RMB 409 million year-on-year, up 47.82%.
The Phase II expansion of Julong Copper has been approved by relevant authorities. Upon completion, the annual copper output is expected to reach 300,000–350,000 tons, making it the largest single copper mine in China in terms of production scale and the largest single copper mine commissioned globally this century. Future Phase III development is expected to reach 600,000 tons per year, at which point Julong Copper will become the largest copper mine globally by production scale and the fourth largest in copper output.
Julong Copper Mine Operations
Julong Copper’s total reserves include 25.61 million tons of copper, 15,000 tons of silver, and 1.65 million tons of molybdenum. In 2024, production reached: Copper: 166,300 tons; Molybdenum: 7,099 tons; Gold: 501 kg; Silver: 109.1 tons. The planned copper production for 2025 is 170,000 tons. The Phase II expansion is progressing comprehensively and is scheduled for completion and operation by the end of 2025. Once fully operational, the annual ore processing volume will exceed 100 million tons, with annual copper output reaching 300,000–350,000 tons, making it the largest single copper mine in China and the largest single copper mine commissioned globally this century. Phase III planning is underway, and if approved, the annual ore processing volume is expected to reach approximately 200 million tons, with annual copper production of 600,000 tons, making it the largest, lowest-grade, and highest-altitude copper mine in the world.
Resource Reserves
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25.61million tons
Copper
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15,000tons
Silver
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1.65million tons
Molybdenum
2024 Production
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166,300tons
Copper
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109.1tons
Silver
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7,002tons
Molybdenum