The board of directors of Jinchuan Group International Resources Co. Ltd. announced that the group is expected to record a consolidated profit attributable to the owners of the company of approximately USD 60 million for the six months ended 30 June 2018, which is a substantial increase as compared to the corresponding period in 2017 (consolidated profit attributable to the owners of the company for the six months ended 30 June 2017 of USD 8 million). The increase in profit is mainly due to the increased effort by the management team to improve the operation efficiency of the group, including cost saving, continuous technical innovation and improvement of production flow; increase in the average selling price of copper and cobalt year-on-year respectively; and the increase in production of copper and cobalt.