The Zhitong Finance App learned that Minmetals Resources (01208) fell nearly 4%. As of press release, it was down 3.75% to HK$7.19, with a turnover of HK$95.371 million.

According to the news, recently, Minmetals Resources released operating data for the third quarter. Bank of China International pointed out that Minmetals Resources' copper production in the third quarter increased 3% year-on-year to 1312,000 tons, and the rising production capacity of two African mines was the main driving force for growth. According to the company's updated guidelines, the bank estimates that copper production in the fourth quarter fell 6% month-on-month, but still expects annual copper production to increase 3% year-on-year.

BOC International mentioned that Las Bambas copper production fell 3% year-on-year due to falling ore grades and recycling rates, but Kinsever benefited from improved electricity supply and a climb in sulphide ore treatment lines, while Khoemacau benefited from higher ore grades. Strong growth in both was enough to offset the gap. Zinc production fell 5% year-on-year to 55,900 tons during the same period, mainly due to restrictions on mining in Rosebery after the July earthquake. The company lowered Khoemacau's annual copper production guideline by 9% to 10% and the Rosebery zinc production guide by 29% to 33%.

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