Jinchuan Group International Resources

What Jinchuan Group International Resources does

Jinchuan Group International Resources Co. Ltd is a Hong Kong-listed (2362.HK) diversified mining and non-ferrous metals company that operates as the overseas flagship of Chinese state-owned parent Jinchuan Group Co., Ltd. The company runs three operating mines in the Central African Copperbelt — the Ruashi copper-cobalt mine and Kinsenda copper mine in the Democratic Republic of the Congo (DRC), and the Chibuluma copper mine in Zambia — alongside the Musonoi construction project and Lubembe exploration project, both in the DRC. Core products include copper cathode, cobalt hydroxide, nickel cathode, copper concentrates and copper blister, with technology centered on integrated open-pit and underground mining methods incorporating advanced automation and real-time monitoring.

The company generates revenue through two channels: (1) mining operations producing copper and cobalt under long-term sales contracts to third-party customers, with cobalt output from the DRC sold exclusively to parent Jinchuan Group under a life-of-mine arrangement, and (2) an international mineral and metal trading segment that sources copper concentrates, copper blister, cobalt and related raw materials globally and resells to both the parent and third-party customers, supplemented by a PRC joint venture for market expansion. Its customer base is industrial — serving stainless steel manufacturing, battery materials and EV supply chains — and distribution is direct enterprise sales under contract rather than spot-market retail. The company exited 2025 with a return to profitability, was added to the Hang Seng Composite Index and Shenzhen-Hong Kong Stock Connect Southbound list in 2021, and in mid-2026 became the subject of an unconditional voluntary cash partial offer by Gong Hailin through AFG Securities for up to 130 million shares.

Name

Jinchuan Group International Resources

Legal name

Jinchuan Group International Resources Co. Ltd

Website

https://jinchuan-intl.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Jinchuan Group International Resources is a Hong Kong-listed (2362.HK) mining company operating three copper and cobalt mines in the Central African Copperbelt (DRC and Zambia) and an international minerals trading segment, serving industrial and battery-materials customers under long-term contracts and exclusive supply arrangements with parent Jinchuan Group.

Ownership category

akta.pro rank

Product category

Non-Ferrous Metals Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Nonferrous Metal (except Aluminum) Smelting and Refining (331410), Nonferrous Metal (except Aluminum) Production and Processing (3314)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Copper Anode/Cathode Production & Handling (IMAKADAG), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Copper Concentrate Trading & Marketing (IMAKADAI), Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)

Keywords

• Copper mining operations
• Cobalt mining
• Non-ferrous metals
• Mineral trading
• Copper concentrate

Headquarters

HQ city

Admiralty

HQ country

Hong Kong SAR China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Mining Operations - Copper and Cobalt: Jinchuan International operates mines and processes copper and cobalt through its Metorex Group platform. The company mines and processes copper and cobalt at operations in Zambia (Chibuluma copper mine) and DRC (Ruashi copper and cobalt mine, Kinsenda copper mine). Metorex sells copper concentrate and refined copper to third party customers under long term contracts. Cobalt, produced in the DRC, is sold exclusively to Jinchuan Group under a life of mine arrangement.
2. Mineral and Metal Trading: International trading of selected raw materials including copper concentrates, copper blister, cobalt and other copper related raw materials. The company sources copper raw materials and refined metal from various origins worldwide and sells to parent Jinchuan Group and third-party customers. One wholly-owned subsidiary has set up a joint venture with a strategic partner in the PRC to create synergies and expand the income base.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Jinchuan International mines, processes, and trades non-ferrous metals — primarily copper and cobalt — through operating mines in Zambia (Chibuluma) and the DRC (Ruashi copper-cobalt and Kinsenda copper), producing copper cathode, copper concentrate, copper blister, and cobalt hydroxide. The company also runs an international mineral and metal trading segment that sources copper raw materials and refined metal from worldwide origins and sells to both parent Jinchuan Group and third-party customers under long-term contracts.

Product overview

Jinchuan Group International Resources is a Hong Kong-listed diversified mining and resources company operating as a single unified portfolio of mining assets and trading operations. The company operates three active mines in the Central African Copperbelt (Ruashi copper-cobalt mine in DRC, Kinsenda copper mine in DRC, and Chibuluma copper mine in Zambia), has one construction project (Musonoi in DRC) and one exploration project (Lubembe in DRC). Core products include Copper Cathode, Cobalt Hydroxide, Nickel Cathode, Copper Concentrates, and Copper Blister. Additionally, the company operates a mineral and metal trading segment that engages in international trading of copper concentrates, copper blister, cobalt and related raw materials, sourcing globally and selling to both parent Jinchuan Group and third-party customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper Cathode Refined copper cathode produced from the company's mining and processing operations, sold to industrial customers.
• Cobalt Hydroxide Cobalt in hydroxide form produced from DRC mining operations, sold exclusively to parent Jinchuan Group under a life-of-mine arrangement.
• Nickel Cathode Refined nickel cathode produced from mining operations and offered as part of the company's non-ferrous metals product portfolio.
• Copper Concentrates Copper concentrate produced from mining operations and sold to third-party customers under long-term contracts.
• Copper Blister Intermediate copper blister produced from processing operations and traded internationally as a raw material input.
• Mineral & Metal Trading International trading of selected raw materials including copper concentrates, copper blister, cobalt, and other related raw materials sourced from worldwide origins and sold to parent Jinchuan Group and third-party customers.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• Junhe HoldingsminorStrategic or Co-development Partner · 5 December 2016Strategic framework agreement signed in December 2016 for cooperation in business development activities.
• Metorex (Proprietary) LimitedcoreOthers · 1 January 2012Mid-tier South African mining company with operating mines and active development projects in Zambia and DRC. Formerly listed on Johannesburg and London Stock Exchange, acquired by Jinchuan Group in January 2012 and became part of Jinchuan International in November 2013. Platform for African mining operations.
• Jinchuan Group Co. LtdcoreOthers · 1 November 2010State-owned Chinese enterprise founded in 1958, with majority equity held by People's Government of Gansu Province. Parent company and ultimate holding company providing brand, expertise, experience, financial resources, and technology. Jinchuan Group is third largest nickel manufacturer and fourth largest cobalt manufacturer in world.
• Strategic Partner in PRCminorStrategic or Co-development PartnerOne wholly-owned subsidiary of Jinchuan International has set up a joint venture with a strategic partner in the PRC to create extra synergies and expand the income base of the Group. Extended accessibility and presence in international metals and mining market.

Scale indicators6 records

Recent moves4 records

Direct peers

• China Gold International Resources Corp. Hong Kong and Toronto-listed mining company controlled by a Chinese state-owned enterprise (China National Gold Group), operating overseas copper and gold mines. Highly comparable structure to Jinchuan International: Chinese SOE parent, Hong Kong listing, foreign-based nonferrous metal mining assets, and similar governance/investor relations framework.
• MMG Limited: Hong Kong-listed base metals miner controlled by China Minmetals, operating copper and cobalt mines in Africa (including DRC) and elsewhere. Direct operational overlap in Copperbelt copper-cobalt mining with a similar Chinese SOE parent backing and HKEx listing structure.
• China Nonferrous Mining Corporation Limited: Hong Kong-listed subsidiary of China Nonferrous Metal Mining (Group) Co., engaged in copper and cobalt mining and processing in Zambia and the DRC. Direct competitor in the Central African Copperbelt with the same Chinese SOE parent archetype and similar product mix to Jinchuan International.
• Eurasian Resources Group (ERG): Private, vertically integrated mining group producing copper and cobalt in the DRC (Metalkol Roan Tailings Reclamation plant and Frontier mine) and across Africa. Directly comparable as a multi-asset Copperbelt copper-cobalt producer operating in the same geographic footprint.

Broad incumbents

• Zijin Mining Group Co., Ltd. One of China's largest integrated mining companies, listed in Hong Kong and Shanghai, producing copper, cobalt, gold, and zinc across global operations including Africa. Larger and broader portfolio than Jinchuan International but directly comparable as a Chinese miner with significant overseas copper-cobalt exposure.
• Glencore plc: Global mining and trading major producing copper and cobalt in the DRC (Mutanda, Katanga) and running one of the world's largest metals trading desks. Overlaps with Jinchuan International on both Copperbelt mining and international copper/cobalt trading, though far larger and broader in scope.
• Freeport-McMoRan Inc. Global copper major with large-scale mining operations, including significant cobalt byproduct exposure through its Indonesian Grasberg operations. Broad incumbent producing copper concentrate and cathode at a scale well above Jinchuan International, but overlapping in product mix and end markets.

Regional players

• First Quantum Minerals Ltd. Canadian-listed major copper producer with significant operations in Zambia (Sentinel, Kansanshi) and historical DRC exposure. Highly comparable as a Copperbelt-focused copper miner operating in the same Zambian-DRC geography, though primarily a copper pure-play without Jinchuan's cobalt focus.

Emerging players

• Capstone Copper Corp. Mid-cap pure-play copper miner with producing mines in the Americas (Pinto Valley, Mantos Blancos, Mantoverde). Comparable as a mid-tier copper producer scaling toward energy transition demand, though geographically distinct and lacking Jinchuan's cobalt exposure.
• Shalina Resources Ltd. Privately held mining company producing copper and cobalt in the DRC (Shalina Copper Mine and Kisanfu/Etoile operations). Direct overlap with Jinchuan International's Copperbelt copper-cobalt asset profile in the same DRC geography and same product mix.

Market position

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jinchuan-group-international-resources-co-ltd-gdzd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jinchuan Group International Resources