Zijin’s Major Investment in Tibet
Zijin has recently announced its grand ambitions to expand its presence in the Tibetan mining sector. The total investment required for the project has been estimated at 17.5 billion yuan ($2.43 billion).
Scaling New Heights in Production
If local authorities greenlight the third phase of expansion, Zijin’s Julong project could potentially elevate annual output to a staggering 200 million tons. This would firmly place it as the world’s largest single copper mine, a significant milestone for the company.
Swift Execution and Capturing Markets
In a move that underscores Zijin’s operational prowess, the company swiftly took control of the Julong project in 2020 and had it operational within a mere 18 months. This remarkable feat highlights Zijin’s ability to swiftly adapt to market opportunities and capitalize on strategic investments.
Spreading Roots in Tibet
Besides the Julong project, Zijin boasts several other assets in Tibet, including the Zhunuo copper mine acquired in August of the previous year. Additionally, the company holds a controlling interest in the lithium producer Lakkor Resources, further solidifying its footprint in the region.
