DABAOSHAN COPPER files for listing on HKEX: Top copper miner in South China

NewTimeSpace News: On 22 September 2026, Guangdong Rising Mineral-Rich Mountain Copper Co., Ltd. filed for a Main Board listing on the Hong Kong Stock Exchange, with CITIC Securities as sole sponsor. The company is a leading multi-metal mining company in South China, engaged in the exploration, mining, ore processing, comprehensive utilisation and sales of copper, sulphur and other multi-metal mineral resources. Its sole mining asset is the Dabaoshan Mine, a large-scale open-pit multi-metal mine located in Qujiang District, Shaoguan, Guangdong Province.

The mine commenced production in 1966, and in 2017 the company completed a strategic transformation from a single iron ore producer into an integrated miner focused on copper, sulphur and associated metals. It operates the largest open-pit mining site and specialised copper-sulphur ore dressing facilities in South China, with approved mining capacity of 3.30 million tonnes per year and a processing plant capable of handling 3.60 million tonnes per year, producing copper concentrate, sulphur concentrate and pyrrhotite concentrate, along with stone materials and other by-products. According to Frost & Sullivan, the company ranked first in copper concentrate output in South China and third in sulphur concentrate output nationally in 2025.

The Dabaoshan Mine sits in the core of the Nanling metallogenic belt and is a nationally planned mining area, with mineral resources carrying a total potential economic value of over RMB 100 billion and proven and controlled copper-sulphur resources of 91.31 million tonnes. Revenue for 2023, 2024 and 2025 was RMB 1,596.1 million, RMB 1,847.6 million and RMB 2,193.3 million respectively, a compound annual growth rate of 17.2%, while profit for the same periods was RMB 348.0 million, RMB 500.6 million and RMB 848.9 million, a net profit CAGR of 56.2%. For the six months ended 30 June 2026, revenue was RMB 1,852.2 million and profit was RMB 975.6 million.

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