The company introduced that the Royal Mining Project in Nunavik, Canada, has completed sections that can meet production operations, with an average nickel concentrate grade exceeding 11%, far higher than domestic levels, and a nickel metal recovery rate of about 70%; the average copper concentrate grade exceeds 28%, also higher than domestic levels, with a copper metal recovery rate exceeding 80%; the recovery rates and grades of platinum and palladium have also reached expected levels. The company stated that after several years of construction, the project has officially entered the production phase. Although the dock, Tailings Pond No. 2, and some roads have not yet been completed, it does not affect the official production of the completed sections, but it will take some time to reach the designed production capacity.
The Royal Mining Project is of symbolic significance for both the Jean Nickel Corporation and Chinese companies' overseas acquisitions. The project is located in Quebec, Canada, covering an exploration area of several thousand square kilometers, with its northernmost point entering the Arctic Circle, making it the largest nickel mining project for Chinese enterprises overseas. According to the designed production capacity, the project will produce 10,400 tons of nickel annually after reaching full capacity, which is more than twice the company's domestic capacity. Currently, the annual production capacity of the company's three domestic mines is only 5,000 tons, meeting only about 30% of the company's raw material needs, and the production commencement will greatly improve the company's raw material security.
With restrictions on nickel laterite ore exports in Indonesia and other Southeast Asian countries, and the increasing tightness of domestic raw materials, the commencement of production at the Royal Mining Project can be said to be "timely."
