09:16     JIANGXI COPPER<00358> - Announcement (3)                            

    "JCC" * Jiangxi Copper Corporation, a substantial                         
    shareholder of the Company holding approximately 47.88% of the total      
    issued share capital of the Company                                       
                                                                              
    "JV Agreement" the joint venture agreement in Chinese dated 25            
    January, 2005 and entered into between the Company and JCC to             
    establish the JV Company                                                  
                                                                              
    "JV Company" * Jiangxi Copper Alloy Materials                             
    Company Limited, a Sino-foreign equity joint venture to be established    
    in the PRC which is to be owned as to 60% by the Company and 40% by       
    JCC                                                                       
                                                                              
    "Listing Rules" The Rules Governing the Listing of Securities on the      
    Stock Exchange                                                            
                                                                              
    "PRC" the People's Republic of China                                      
                                                                              
    "Percentage Ratios" the percentage ratios under Rule 14.07 of the         
    Listing Rules, other than the equity capital ratio and profits ratio      
                                                                              
    "Stock Exchange" The Stock Exchange of Hong Kong Limited                  
                                                                              
    "HK$" Hong Kong dollars, the lawful currency of Hong Kong                 
                                                                              
    "RMB" Renminbi, the lawful currency of the PRC                            
                                                                              
    By Order of the Board                                                     
    Jiangxi Copper Company Limited                                            
    He Changming                                                              
    Chairman                                                                  
                                                                              
    25 January, 2005                                                          
    Guixi, Jiangxi Province, the PRC                                          
                                                                              
    Translation of Renminbi into Hong Kong dollars is based on the            
    exchange rate of HK$1.00 = RMB1.06.