China’s No.1 gold producer plans to boost the capacity of its Colombian gold mine to produce copper and zinc.

The world’s no. 1 miner says copper output will need to double and nickel tripled in 30 years to reach decarbonization goals.

According to Fitch Ratings, the commodity price rally is pushing companies to rebalance their capital allocation towards decarbonization investments and growth.

The Canadian miner posted a profit of $85.4 million for the three months to Sep. 30 thanks to its DRC copper mine.

The current chief operating officer succeeds his father and co-founder Philip Pascall, who will remain as chairman.