JCHX

Last updated
JCHX Mining Management Co., Ltd.
Native name
北京建矿工程技术股份有限公司
Company typePublic
SSE: 603979
IndustryMining engineering, underground mining
Founded1997
FounderWang Xiancheng
Headquarters Beijing, China
Key people
Wang Xiancheng (Chairman)
ServicesMine construction, contract mining, shaft sinking, tunneling
RevenueCNY 7.399 billion (2023)
CNY 1.031 billion (2023)
Total assets CNY 13.625 billion (2023)
Number of employees
11,225
Website www.jchxmc.com OOjs UI icon edit-ltr-progressive.svg

JCHX Mining Management Co., Ltd. is a Chinese mining services and engineering company headquartered in Beijing. The company specializes in underground mine construction, contract mining, and related technical services. It has a significant international footprint, particularly in Africa, including major projects in Zambia and the Democratic Republic of the Congo.

Contents

Operations

Lubambe Copper Mine

In July 2024, JCHX, via its wholly owned subsidiary Sundimo Mining Investments Limited, acquired an 80% stake in the Lubambe Copper Mine from EMR Capital. The remaining 20% is held by Zambia's state-owned ZCCM Investments Holdings (ZCCM-IH). JCHX plans to invest approximately US$300 million to revitalize the mine, including sinking a new shaft to access deeper copper deposits over the next two to five years. [1]

The Lubambe mine, located in Chililabombwe, Copperbelt Province, spans approximately 228 square kilometers and includes a processing facility with a capacity of up to 2.4 million tonnes per annum. [2] As of September 2023, the mine's total resource volume (measured, indicated, and inferred) was estimated at 86.6 million tonnes with a copper grade of 1.95%. [3]

Chambishi Copper Mine

JCHX commenced its first overseas operation in July 2000 at the Chambishi Copper Mine, providing mine construction and contract mining services for NFC Africa Mining Corporation (NFCA). [4]

Lonshi Copper Mine

In 2021, JCHX acquired the Lonshi Copper Mine, located in Haut-Katanga Province near the Zambian border. [5]

Dikulushi Copper Mine

JCHX acquired the Dikulushi Copper Mine in 2019. Located in Katanga Province, the mine covers a licensed area of 68.77 km² and contains approximately 80,000 tonnes of copper. Production resumed in December 2021. [6]

Kipushi Zinc-Copper Mine

In November 2023, JCHX's subsidiary, Kingko Mining, secured a $194.6 million contract from Ivanhoe Mines to provide underground mining services at the Kipushi Mine. The contract covers operations at depths ranging from 1,200 to 1,590 meters and is set to run until January 31, 2028. [7]

Ruashi Copper-Cobalt Mine

In September 2024, Kingko Construction, a unit of JCHX, signed a $76.5 million contract with Ruashi Mining of the Metorex Group. The contract involves segment mining and cutting operations, scheduled to continue until June 30, 2027. [8]

References

  1. ↑ "Zambia says China's JCHX will invest $300 mln in Lubambe copper mine". Reuters. 11 July 2024. Retrieved 19 April 2025.
  2. ↑ "China's JCHX to invest $300m in Zambia's Lubambe Copper Mine". Mining Technology. 12 July 2024. Retrieved 19 April 2025.
  3. ↑ "JCHX Proposes Acquisition of Lubambe Copper Mine". JCHX Mining Management Co., Ltd. 1 March 2024. Retrieved 19 April 2025.
  4. ↑ "History of JCHX Mining Management Co Ltd". JCHX Mining Management Co., Ltd. Retrieved 19 April 2025.
  5. ↑ "China's JCHX to Invest USD751 Million in DRC's Lonshi Copper Mine East Zone". Yicai Global. 20 January 2025. Retrieved 19 April 2025.
  6. ↑ "Dikulushi Project in DRC". JCHX Mining Management Co., Ltd. Retrieved 19 April 2025.
  7. ↑ "JCHX bags formal Kipushi mining contract from Ivanhoe worth almost $200 million". International Mining. 15 November 2023. Retrieved 19 April 2025.
  8. ↑ "JCHX Mining Management's Unit Signs $77 Million Mining Deal in DRC". Tiger Brokers. 16 September 2024. Retrieved 19 April 2025.
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