On September 4, CHINFMINING rose 3.14% in regular trading, trading at HKD 17.13 per share, with turnover of HKD 113 million.

On the news front, the company's USD 300 million zero-coupon convertible bonds due 2031 were officially listed for trading on the Hong Kong Stock Exchange on September 3, following completion of issuance on September 2. Net proceeds of approximately USD 300.5 million will be entirely allocated to the Luanshya No. 28 Shaft sulphide ore development project in Zambia, which carries a total investment of approximately USD 530 million. Institutional estimates suggest the project could add 193,000 tonnes to the company's medium-to-long-term copper production capacity. The initial conversion price was set at HKD 22.18 per share, representing a 29% premium over the closing price on the pricing date.

Fundamentally, the company reported H1 attributable profit of USD 434 million, up 64.68% year-over-year, with gross margin improving from 32.6% to 42.4% and operating cash flow surging 98.3%. Additionally, global copper mine output fell 1.1% in H1, with institutions forecasting the first annual production decline since 2017, supporting elevated copper prices.

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