Started from Zijinshan Gold Mine in 1993, Zijin Mining Group Co., Ltd ("Zijin" or "the Group") has become a large mining group engaged in the exploration and development of gold, copper and zinc in the past 22 years. Zijin is listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange, and ranks 1069th in 2015 Forbes Global 2000 and 106th in 2015 Top 500 Chinese Enterprises.
Its predecessor was Shanghang Mineral Company, a state owned entity established in 1986. In August 1993, Shanghang Mineral Company reshuffled into Shanghang Zijin Mining Company when it started to develop Zijinshan gold deposit in Shanghang County. In October 1994 it changed its name to Fujian Minxi Zijin Mining Group Co. Ltd. Initiated by Minxi Xinghang Industrial Co. Ltd. and other 7 parties including Xinhuadu Industrial Group Co. Ltd., Fujian Zijin Mining Co. Ltd. was incorporated in September 2000. It changed its name into Fujian Zijin Mining Group Co. Ltd. in April 2004 and then into Zijin Mining Group Co. Ltd. in June 2004.
Zijin went public in Hong Kong Stock Exchange (code: 2899) in December 2003 and then got listed in Shanghai Stock Exchange (code: 601899) in April 2008. Its core asset Zijinshan Gold & Copper Mine was rated as China’s largest gold mine by China Gold Association in March 2008.
Zijin has invested in over 20 provinces across China and 9 countries, developing an extensive product portfolio of gold, copper, lead and zinc, tungsten, iron ore and other base metals. It is one of China’s largest mined gold producers, second largest mined copper and zinc producer, as well as a major producer of tungsten and iron ore.
In 2015, Zijin’s sales revenue and net profit attributable to the parent company reached US$11.44 billion and US$255 million respectively, ranking 1st and 2nd respectively among 14 major global public gold miners. In the same period, its net cash flow from operating activities hit US$1.58 billion, representing an increase of 62.5% over the previous year.
Zijin has always been the leader in terms of geological prospecting, low grade resource exploitation, and hydrometallurgy. It has been approved to set up the National Key Laboratory, the Post Doctoral Research Center, and National Technology Center, etc. Zijinshan Gold & Copper Mine is ratified as one of China’s first demonstration bases for comprehensive use of mineral resources and the Malipo tungsten mine is awarded as the National Example for Mineral Resources Consolidation by Ministry of Land and Resources. Zijin Mining College, co-established by Zijin and Fuzhou University, is also worth mentioning as it has effectively filled the shortage of mining professionals.
Stick to the principle of “Life comes first and Environment stays as the priority”, Zijin always takes safety and environment as the lifeblood in its development. Both Zijinshan Gold & Copper Mine and Xinjiang Ashele Copper Mine are rated as National Industrial Tourism Demonstration Site and the former is ranked as one of China’s first National Mine Parks.
Zijin adheres to its own value of “Harmony begets wealth: The company, its people, and the community develop in harmoniously", and realizes its social responsibilities in a positive way. It has contributed RMB 200 million to set up Zijin Mining Charity Fund, and received “China Charity Award” for three times as well as “National Labor Award” and “Excellent Employer Award for Harmonious Labor Relations”. During 2000~2014, the Group has donated RMB 2.14 billion for public charity.