Jinchuan Group International Resources Co. Ltd. provided consolidated earnings guidance for the year ended December 31, 2014. The group is expected to record a significant consolidated loss attributable to the owners of the company from continuing operations for the year ended 31 December 2014 as compared with the consolidated profit attributable to the owners of the company from continuing operations of $201.1 million recorded for the corresponding period in 2013.

The financial performance of the group has moved from a profit position to a significant loss position in 2014, which is mainly attributable to no equivalent one-off non-cash exchange gain on the shareholder loan of $190.7 million recognized in the year ended 31 December 2013 was recognized in 2014; the drop in copper price over the second half of 2014 and to a more considerable extent recently had resulted in a substantial non-cash impairment loss on the mineral rights and related operating assets; the drop in copper price also led to the decline in copper revenue from mining operations in 2014, and coupled with the higher operating costs in the region in which the group's producing mines are operating, the profit margin shrank in 2014.