Jinchuan International Actively Develops Overseas Mining Business

Jinchuan Group International Resources Co. Ltd （"Jinchuan International" or the "Company"） （Stock Code: 2362） is pleased to announce that it has successfully launched on the Main Board of the Hong Kong Stock Exchange, providing Jinchuan Group Limited （"Jinchuan Group"）, its parent company which owns 61.1% equity interest of the Company, with a flagship platform for the development of overseas mining resources, so as to facilitate Jinchuan Group's strategies to establish a multinational mining business and accelerate its overseas development.

Being the flagship for future undertaking overseas operations in exploration and exploitation of mining assets and related trading, Jinchuan International leverages on the expertise and experience of the Jinchuan Group and considers investment, cooperation and acquisition opportunities with regard to nickel, copper and cobalt projects with particular focus in regions including Australia, America, Europe and Asia where have rich non-ferrous metal resources and favourable mineral investment environment for foreign investors.

In late 2010, the Group carried out cooperation with 24 countries regarding mineral resources. It also became shareholder of 17 foreign mining companies and completed 19 investment projects with total investment of US$500 million. The Group has 13 overseas subsidiaries and overseas offices as well. Jinchuan Group obtained 64 mine exploitation permits over the world, with an exploration area of 5,061 sq. km. Content of overseas resources possesses over 1 million tonnes of nickel, over 3 million tonnes of copper, and over 60,000 tonnes of cobalt. In addition, Jinchuan Group's annual output reaches 150,000 tonnes of nickel （ranked 4th in the world）, 400,000 tonnes of copper （ranked 3rd in China）, 10,000 tonnes of cobalt （ranked 2nd in the world）, 3,500 kg of platinum, 8 tonnes of gold, 220 tonnes of silver, 100 tonnes of selenium and 2.8 million tonnes of inorganic chemical products.

With the state-ownership background, industry expertise and experience, as well as the strong market position of Jinchuan Group which major business is vertical integration of mine and metal, Jinchuan International is able to find and assess opportunities for investment in the mining and mineral resources sector, to undertake feasibility studies of identified opportunities, and to assess the quality and potential of identified assets or businesses. With the backing of Jinchuan Group, which is also in the same industry, Jinchuan International is able to command the attention of potential targets easily. The Company is seeking potential investment chances to capture and pursue better business opportunities in the mining and mineral resources sector, so as to enhance the value of shareholders. In fact, with the wide application and the steady growth in global demand for mineral resources riding on the ongoing industralisation and urbanisation, the mining and mineral resources business of nickel, copper and cobalt presents great potential.

（ACN Newswire）