Jiangxi Copper

Jiangxi Copper’s stock rose 12.2% to HK$40.74 after the company reported an H1 2026 net profit attributable to shareholders of RMB 8.897 billion (≈ +100% y/y) and revenue of RMB 305.854 billion (≈ +19.5%). The drivers were higher copper and gold prices and sharply higher production volumes in its vertically integrated businesses. The result included asset write-downs of RMB 2.9 billion; basic (undiluted) earnings per share were RMB 2.58. The strong numbers sparked a rally in the Chinese non-ferrous metals sector. » Mere på de.investing.com

Jiangxi Copper expects an attributable net profit to shareholders of RMB 75.50 to 85.00 billion for the first half of 2026, an increase of 80.9% to 103.6% year-on-year. The stock rose intraday by up to 5.6% to HK$31.20 but later gave back the gains. Falling copper prices and a weaker market environment in Hong Kong (Hang Seng -0.9%) dampened the price movement. » Mere på de.investing.com

Jiangxi Copper will acquire SolGold in an all-cash deal worth about £867 million, paying shareholders 28 pence per share, representing a 42.9% premium to the closing price on 19 November. The takeover is to be implemented through a court‑approved scheme of arrangement under UK law and is expected to complete in Q1 2026. Jiangxi Copper already holds roughly 12.2% of the issued shares and has obtained support from the board and major shareholders, with total committed support of about 28.5%. SolGold’s key asset is the Cascabel copper‑gold project in Ecuador. The transaction is subject to court and shareholder approvals. » Mere på de.investing.com

Jiangxi Copper has increased its non-binding takeover bid for SolGold to 28p per share, valuing the Ecuador-focused miner at about £842m ($1.12bn). SolGold’s board is minded to recommend the revised proposal if Jiangxi proceeds with a formal offer. The bid is supported by letters of intent from major shareholders including BHP, Newmont, Maxit and SolGold CEO Nicholas Mather, giving Jiangxi backing representing 40.7% of SolGold’s issued share capital; JCC already holds about 12.2% directly. » Mere på finance.yahoo.com

Jiangxi Copper has made a revised non-binding cash offer of 28 pence per SolGold share, valuing SolGold at about £842 million. The offer represents a 42.9% premium to the closing price on 19 November and already has broad shareholder support: BHP, Newmont, Maxit and Nicholas Mather have non-binding support undertakings which, together with JCC, amount to roughly 40.7% of voting rights. Completion is subject to conditions, including approval for direct investments in China; financing is expected to come from cash and committed bank debt, and JCC must either deliver a firm intention statement under UK takeover rules by 26 December or abandon the proposal. » Mere på de.investing.com