Company Profile
Company Profile
COMPANY PROFILE
Company Strength
  • 2022 Forbes Global 2000 List No.324
  • 2021 Fortune Global 500 List No.486
  • One of the first 234 China A shares added to MSCI indexes
  • Constituent stock of the FTSE China A50 Index
Company Profile

Zijin Mining is a large multinational mining group. It is engaged in the exploration and development of copper, gold, zinc and battery metals worldwide, as well as the research of engineering technology.

 

Its shares trade on the Hong Kong Stock Exchange under the ticker code 2899, and on the Shanghai Stock Exchange under the code 601899.

 

The group has mining projects in 14 provincial-level regions in China and 13 other countries. It operates major projects in China, such as the Julong Copper Mine in Tibet, the Duobaoshan Copper Mine in Heilongjiang, the Zijinshan Gold and Copper Mine in Fujian, the Ashele Copper Mine in Xinjiang, Shanxi Zijin, Guizhou Zijin, and Longnan Zijin. Its main overseas mines include the Čukaru Peki Copper and Gold Mine and the Bor Copper Mine in Serbia, the Kamoa Copper Mine and the Kolwezi Copper Mine in the DRC, and the Buriticá Gold Mine in Colombia.

 

Zijin controls 62.77 million tonnes of copper resources, of which 20.33 million tonnes are reserves; 2,373 tonnes of gold resources, of which 792 tonnes are reserves; and 9.618 million tonnes of zinc resources, of which 4.554 million tonnes are reserves.

 

Zijin is accelerating its development in the field of renewable energy and advanced materials. It has added 7.63 million tonnes of lithium carbonate resources through the acquisition of the high-grade Tres Quebradas lithium project in Argentina. Its overseas copper and gold operations account for more than half of the group's total reserves, production, and earnings.

 

In 2021, the group's financial performance hit a new record. It produced 584,000 tonnes of mined copper, 47.5 tonnes of gold, and 396,000 tonnes of zinc. Its revenue amounted to RMB225.1 billion, up 31% year-on-year, and its earnings stood at RMB24.8 billion, an increase of 129%. Net profit attributable to the parent company grew by 141% to reach RMB15.7 billion. By the end of 2021, the group's assets totaled RMB208.6 billion, up 14% from the previous year.

 

Zijin Mining ranks No.324 in the 2022 Forbes Global 2000 List, No.1 among global gold companies, No.8 among metal miners; and No.486 in the 2021 Fortune 500 List.

 

Zijin's core competitiveness lies in innovation, especially technological innovation. It has a wealth of experience in geological exploration; hydrometallurgy; the processing of low-grade, refractory ores; and large-scale engineering projects.

 

It has developed the “Five-pronged” Mining Engineering Model, and founded the State Key Laboratory of Comprehensive Utilization of Low-Grade Refractory Gold Ores.

 

Its in-house technologies and engineering capabilities cover the full spectrum of exploration, mining, processing, smelting and environmental protection. Powered by its technological strength, Zijin Mining has been successful in the development of many mining projects across the world, and has fostered its own competitiveness in the global mining industry.

 

Zijin is building its ESG system on the basis of international standards, and it is committed to developing green, eco-friendly mines to high standards. Zijin's vision is "Mining for a Better Society". It stands by the values of "Harmony Brings about Wealth" and "Balanced Development of the Company, its Employees and the Wider Society".

 

Zijin works to benefit more and more people through its operations. It has three times won the "China Charity Award", the highest honor bestowed for outstanding charitable work in China.

 

As an important player in the global mining industry, Zijin strives to become a "green, high-tech, leading global mining company". It contributes to economic growth in China and the rest of the world by supplying high-quality minerals.