Yunnan Copper to Start Liquidation of Loss-Making Copper Processing Unit

MT Newswires Live07-22

Yunnan Copper (SHE:000878) will initiate bankruptcy liquidation proceedings for copper processing subsidiary Chuxiong Mining.

Chuxiong Mining, which incurred net losses of 8 million yuan in the first half and 145.3 million yuan in 2024, can no longer sustain operations due to resource depletion and is unable to repay its due debts, according to a Tuesday filing with the Shenzhen bourse.

Shares of Yunnan Copper rose 2% in recent trade.

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