On the morning of March 25, Zijin held its 2023 annual global results presentation at the Shanghai Stock Exchange’s Roadshow Center. Its senior executives highlighted the company’s operational and ESG performance and engaged in in-depth discussions with investors and analysts worldwide.

Chairman Chen Jinghe, President Zou Laichang, Vice President Xie Xionghui, Chief Financial Officer Wu Honghui, and Board Secretary Zheng Youcheng attended the meeting from Xiamen and Hong Kong. Convening independent director He Fulong was also invited to the presentation.

In responding to investors’ inquiries, Chairman Chen Jinghe pointed out that due to the COVID-19 pandemic, costs for global mining companies have risen significantly. However, through a series of effective cost management measures in 2023, Zijin managed to control its costs in China. Committed to global development, the company will follow the overarching principle of "improving quality, controlling costs, and boosting profitability", and strengthen cost control in its overseas projects. Chairman Chen said he believed that the rising trend of overseas costs would be effectively curbed.

Mr. Chen also noted that the company will continue to implement its counter-cyclical M&A strategy and that high metal prices do not preclude the acquisition of quality resources. Rosebel Gold Mines is one of the most cost-effective producing gold mines acquired when gold prices were high. The company has also secured over 10 million tonnes of lithium carbonate equivalent resources in just over a year, potentially becoming one of the most significant LCE producers globally in five years. While seeking suitable M&A opportunities, the company will always prioritize organic growth and strive to transform its abundant untapped resources into economic benefits.

Regarding the company’s de-carbonization targets, Chairman Chen emphasized that curbing greenhouse gas emissions is a global consensus. As a responsible and influential global mining company, Zijin’s carbon peaking and carbon neutrality goals are based on long-term strategic considerations, and they are not expedient measures. Despite huge challenges, the company is determined to achieve these goals and will evaluate carbon emission indicators from the very beginning of asset acquisition.

President Zou Laichang noted that the company’s gold segment grew at a slower pace than its copper business in recent years, but with increased project expansions and investments in M&A, there is significant growth planned for the coming years. In addition to organic growth, the company will seize M&A opportunities and leverage its managerial, technological, and implementation capabilities to ramp up production capacity.

Zijin Mining’s 2023 annual and ESG reports, released on March 22, garnered wide attention and recognition from various quarters.

Translator: Jian     Reviser: Lin xinjing   Editor-in-Chief: Wang Jie