North Copper Co., Ltd.
北方铜业
000737
Shenzhen Stock Exchange
Company Profile
Large copper ore reserves As of the end of 2023, Tongkuangyu Mine has retained copper ore resources of 218.6092 million tons and copper metal of 1.330925 million tons, with an average geological grade of 0.608%. At the same time, the company is actively promoting the deep resource exploration below the elevation of 80 meters at the bottom of the existing mining rights of Tongkuangyu Mine, and it is expected to increase copper ore reserves by 300 million tons and further extend the service life. The deep prospecting of resources in Tongkuangyu Mine has been included in the key projects of the national "14th Five-Year Plan". We will increase investment on the existing exploration scale and strive to achieve new resource targets in the periphery and deep areas to provide reliable resource guarantee for the company's development. Wide copper consumption market Copper has a wide range of uses. The end users come from all walks of life and can manufacture a variety of products, including electrical and electronic products, industrial machinery and equipment, transportation products and general consumer goods. In 2023, the growth rate of global refined copper consumption was 5%. According to the prediction of S&P Global, before 2030, benefiting from new energy and transportation, the compound growth rate of global copper consumption still exceeds 5%. China is the world's largest copper consumption market. In 2023, the growth rate of China's refined copper consumption was 7%. China's copper consumption exceeds 50% of the global total. The company's cathode copper products are mainly sold domestically. As the world's largest copper product consumption market, China provides a strong guarantee for the continuous expansion of the company's production capacity. Advanced mining and copper smelting technology The Tongkuangyu Mine of the company has introduced and innovated the natural caving mining technology. The mining cost is close to open-pit mining, and various economic and technical indicators are leading in the industry. The comprehensive capture and recovery technology of 500,000 tons of polymetallic ore processed annually by Yuanqu Smelter adopts the oxygen-enriched bottom-blowing bath smelting process with independent intellectual property rights of our country. The technology is energy-saving and environmentally friendly, and the process is world-leading. It is suitable for processing low-grade and polymetallic raw materials, can capture a variety of valuable metals, and realize comprehensive utilization of waste residue. The comprehensive recovery project of 800,000 tons of copper concentrate processed annually by Houma Beitong Copper adopts the internationally advanced, intelligent, environmentally friendly and green oxygen-enriched side-blown smelting + multi-gun top-blown continuous converting process. The process technology is mature, has good adaptability to raw materials, good environmental protection conditions and remarkable energy-saving effects. It realizes energy conservation and emission reduction and comprehensive recovery, and has good economic and social benefits. Integrated industrial chain At present, Northern Copper Industry has an integrated industrial chain from exploration, mining, beneficiation, smelting to deep processing. The integrated layout of the copper industrial chain is conducive to reducing the company's overall operational risks, reducing the performance fluctuations caused by market changes in each link of the industrial chain, and improving the company's anti-risk ability. At the same time, as the only provincial state-owned enterprise engaged in copper business in Shanxi Province, the company has received strong support from the provincial Party committee and the provincial government. The controlling shareholder has been successfully selected as the "chain master" enterprise of Shanxi Province's key industrial chains and undertakes the major mission entrusted by the Shanxi Provincial Party Committee of "building a first-class benchmark enterprise in the non-ferrous metal industry and leading and promoting the high-quality development of Shanxi Province's copper industry".
Full description
Northern Copper Industry main businesses include the mining, beneficiation, smelting and rolling processing of copper metal. It now owns a large underground mine - Tongkuangyu Mine. The proven copper ore reserves are 219 million tons, with an average grade of 0.608%. The annual processing capacity of ore is 9 million tons, and the self-produced copper content is 43,000 tons. The two smelters combined have an annual processing capacity of 1.3 million tons of copper concentrates, producing 320,000 tons of cathode copper, 10.8 tons of gold ingots, 170 tons of silver ingots, and 1.22 million tons of sulfuric acid. At the same time, valuable metals such as platinum, palladium, selenium, and bismuth are comprehensively recovered. The company's new high-performance rolled copper strip and foil and copper clad laminate project mainly produces copper and copper alloy strips and rolled copper foils, which are widely used in fields such as computers, 5G communications, automotive electronics, aerospace, and new energy. At present, Northern Copper Industry has an integrated industrial chain from mining, beneficiation, smelting to rolling processing. It is a non-ferrous metal enterprise with profound industry accumulation.