09:25     JIANGXI COPPER<00358> - Announcement                                

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    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
                                                                              
    JIANGXI COPPER COMPANY LIMITED                                            
    (A Sino-foreign joint venture joint stock limited company incorporated    
    in the People's Republic of China)                                        
                                                                              
    (Stock Code : 358)                                                        
                                                                              
    CLARIFICATION ANNOUNCEMENT                                                
                                                                              
                                                                              
    This announcement is made pursuant to Rule 13.09 of the Listing Rules     
    and in order to clarify the Articles appeared on certain newspapers in    
    Hong Kong today.                                                          
                                                                              
    Reference is made to the articles appeared on certain newspapers in       
    Hong Kong today regarding the acquisition of a copper and gold mine in    
    Pakistan at a consideration of US$120 million by Jiangxi Copper           
    Company Limited (the "Company") and the development of a gold mine in     
    Kyrgyzstan by the Company (the "Articles").                               
                                                                              
    The Company wishes to announce as follows :-                              
                                                                              
    1. The copper and gold mine in Pakistan as mentioned in the Articles      
    was invested and developed by another corporation in the People's         
    Republic of China ("PRC"). Such PRC corporation is independent of the     
    Company and its subsidiaries (the "Group") and connected persons          
    (within the meaning under the Rules Governing the Listing of              
    Securities on The Stock Exchange of Hong Kong Limited (the "Listing       
    Rules")) of the Group. The Company only acquires approximately 20,000     
    tons of blister copper from this copper and gold mine annually, such      
    purchases were conducted in the ordinary course of business of the        
    Group.                                                                    
                                                                              
    The Company is exploring the opportunity to invest in this copper and     
    gold mine. Negotiations in respect of the possible investment are only    
    at a preliminary stage and nothing has been finalized as at the date      
    of this announcement.                                                     
                                                                              
    2. Similarly, the Company has not acquired the gold mine in Kyrgyzstan    
    nor has already obtained the mining right of such gold mine. The          
    Company is still carrying out feasibility study on this gold mine and     
    is considering various alternatives as to the proposed future             
    cooperation with this gold mine. Negotiations in respect of the           
    possible investment are only at a preliminary stage and nothing has       
    been finalized as at the date of this announcement.                       
                                                                              
    As the date of this announcement, the executive Directors are Mr. He      
    Changming, Ms. Qi Huaiying, Mr. Li Yihuang, Mr. Du Xinmin, Mr. Wang       
    Chiwei, Mr. Gao Jianmin and Mr. Liang Qing and the independent non        
    -executive Directors are Mr. Kang Yi, Mr. Shi Zhongliang, Mr. Liu         
    Xinxi and Mr. Yin Hongshan.                                               
                                                                              
                                                                              
                                                                              
    By Order of the Board                                                     
    Jiangxi Copper Company Limited                                            
    He Changming                                                              
    Chairman                                                                  
                                                                              
    13 April, 2005, Guixi City, Jiangxi, the PRC