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Zijin Mining: net attributable profit in first three quarters tops RMB 16.6 bn, up 47% YoYZijin News - On October 21, the Board of Directors of Zijin Mining deliberated and approved the company’s Q3 2022 report. In the first three quarters, the company recorded RMB 204.2 billion in revenue, RMB 24.9 billion in profit before tax and RMB 21.95 billion in operating cash flow. Its net attributable profit reached RMB 16.7 billion, a year-on-year increase of 47.5%. Since the start of 2022,...2022/10/26
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Zijin Mining to Acquire World's Largest Molybdenum-only MineZijin News – On October 21, Zijin Mining entered into an agreement with Anhui Jinsha Molybdenum Co., Ltd. to acquire an 84% interest in the company for RMB 5.91 billion, which will see Zijin control the world’s largest molybdenum-only deposit. The deal was secured through public tendering at the Anhui Assets and Equity Exchange. Located in Jinzhai County, Anhui, China, the Shapinggou Molybdenum Mi...2022/10/26
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Zijin Mining Helps Alleviate Poverty Across the GlobeZijin News - People have been fighting against poverty throughout the history of human civilization. Zijin has played a positive role in the fight. As a fast-growing metals company, Zijin supports the global cause of poverty alleviation. It does so by lending a helping hand in education, employment, entrepreneurship, drinking water safety, clothing, food, housing, etc. October 17, 2022 marks t...2022/10/21
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Zijin Mining to acquire world-class producing gold mine in SurinameZijin News – On the evening of October 18, 2022, Zijin Mining (“Zijin” or “the Company”) announced that it will acquire IAMGOLD’s (“IMG”) (TSX: IMG)(NYSE: IAG) 95% interest in Rosebel Gold Mines for cash consideration of USD 360 million (approximately RMB 2.56 billion). The acquisition of this world-class gold mine will give another strong boost to Zijin’s gold business. As one of the largest pr...2022/10/20
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Zijin Mining offers to acquire 30% stake in Shandong Ruiyin, to become No.2 shareholder of China's largest gold-only mineZijin News – On the evening of October 12, 2022, Zijin Mining announced it will acquire a 30% equity interest in Shandong Ruiyin Mining Industry Development Co., Ltd. (“Shandong Ruiyin”) for RMB 3.9845 billion through an equity transfer agreement. It will become the second-largest shareholder of the largest gold-only deposit in China following the completion of the acquisition. Situated to the n...2022/10/14
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Kamoa-Kakula Copper Mine reports record Q3 production of 98,000 tonnes of copperDe-bottlenecking program underway at the Kamoa-Kakula Mining Complex Zijin News - The Kamoa-Kakula Mining Complex has set a new production record in the third quarter of 2022, with 98,000 tonnes of copper in concentrate produced. The project also set a monthly production record of 34,000 tonnes of copper in concentrate in September. The mining complex’s concentrators milled approximately 5.0 mi...2022/10/10