Recently, Jinchuan Group successfully acquired a controlling stake in the second-largest nickel mine in China - the Xiarihamu Nickel Mine, gaining the leading development rights for the mine.
The Xiarihamu Nickel Mine project is located in Golmud city, Qinghai province. It is currently the second largest sulfide nickel-cobalt deposit discovered domestically, and contains nickel resources of over 1.18 million tons, copper resources of 238,000 tons, and cobalt resources of 43,000 tons. The mine was completed and put into operation in 2023.
Jinchuan Group has long been shouldering the important responsibility of safeguarding the national strategic resources of nickel and cobalt. With a complete nickel-cobalt industry chain, the successful acquisition of the Xiarihamu Nickel Mine is of great significance for ensuring the security and stability of the national nickel-cobalt key mineral production chain and supply chain, as well as for promoting the coordinated development of the economies in Gansu province and Qinghai province and the efficient development and utilization of strategic resources.
Going forward, Jinchuan Group will increase its efforts in green development and collaborative innovation in technology, further enhancing its level of comprehensive resource utilization. It will establish a demonstration base for the comprehensive utilization of domestic low-grade nickel-cobalt key minerals, creating a model for mining enterprises and win-win cooperation between Gansu and Qinghai.
