Gelonghui, December 27 | Luoping Zinc Power (002114.SZ) announced that the company's wholly-owned subsidiary, Puding County Derong Mining Co., Ltd. (“Derong Mining”) received a “Notice Ordering the Cessation of Mining Activities” issued by the Puding County Natural Resources Bureau on December 25, 2024. The mining license (certificate number: C5200002012123220128312) of Derong Mining will expire on December 25, 2024, according to the “Guizhou Mineral Resources Supervision and Inspection Regulations” and “Administrative Measures on Mineral Resources Mining Registration” and other laws and regulations The regulations order Derong Mining Jinpo Lead-Zinc Mine to stop all mining activities without obtaining a legal and valid mining license.
Derong Mining's Jinpo Lead-Zinc Mine will stop production from December 26, 2024 in accordance with regulatory requirements. During this shutdown period, Derong Mining will overhaul and maintain the mine while strengthening safety supervision measures at the work site.
As of December 25, 2024, Derong Mining's Jinpo Lead-Zinc Mine produced 0.1965 million tons of raw ore in 2024. The current discontinuation of production will reduce raw mineral output, thereby reducing the supply of zinc concentrate. The specific impact quantity and amount are based on the figures confirmed after the actual resumption of production.
