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Zijin Mining and Xanadu Mines Sign Share Subscription Agreement to Jointly Develop a Copper-Gold Project in MongoliaZijin News - On April 20, Zijin Mining announced that it has signed an agreement with Xanadu Mines Ltd. (“Xanadu”). Zijin Mining plans to acquire a 19.9% interest in Xanadu and a 50% interest in Xanadu’s subsidiary Khuiten Metals Pte. Ltd. (“Khuiten Metals” or the “Joint Venture”) through a phased investment arrangement, which will allow Zijin to ultimately own a 45.9% stake in the Kharmagtai copp...2022/05/12
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Zijin Mining to Acquire the Lakkor Tso Lithium Project in TibetThe Lakkor Tso lithium project in Tibet (Photo credit: Chinanews.com) Zijin News - On April 29th, Zijin Mining announced that it will acquire a 70% interest in the Lakkor Tso Lithium project in Tibet for RMB 4.897 billion. The Lakkor Tso salar is located in Mami Township, Gerze County, Ngari, Tibet. The proposed deal represents another breakthrough Zijin has made in the acquisition of lithium proj...2022/05/12
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World-class Manono Lithium Mine in the DRC to be developed soon, Zijin Mining holds a 15% interest in the projectZijin News – Her Excellency Antoinette N'Samba Kalambayi, DRC Minister of Mines, has recently signed the ministerial decree to award the Mining License for the Manono Lithium Mine to Dathcom Mining SA (Dathcom). Zijin Mining holds a 15% interest in the Manono project as a result of a transfer of equity interest made by Congolaise d'Exploitation Minière (COMINIERE). The Manono Lithium Mine in the D...2022/05/09
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Zijin Mining: Q1 Net Profit Tops RMB 6.1 billion, Up 144 % YOYZijin News - On April 11, Zijin Mining released its Q1 financial report. In the first quarter of 2022: ● Revenue reached RMB 64.771 billion, up 36% YOY; ● Earnings totaled RMB 8.911 billion, up 105% YOY; and ● Net profit attributable to shareholders of the parent company stood at RMB 6.124 billion, up 144% YOY. The group’s output of its main metal products, mined copper in particular, has maintai...2022/04/12
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S&P raises Zijin Mining’s credit rating to "BBB-"Zijin News - On 8 April 2022, S&P Global Ratings (“S&P”), an international credit rating company, released an updated credit rating report of Zijin Mining, raising its long-term issuer credit rating of the company from “BB+” to “BBB-”, with a stable outlook. S&P said Zijin Mining’s business position has been strengthening through scale expansion, and that the company is on track to achieve its 202...2022/04/08
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PNG government signs amendment deed to commencement agreement with BNLZijin News - The government of Papua New Guinea and Barrick (Niugini) Limited (“BNL”) recently entered into a Deed of Amendment to the Porgera Project Commencement Agreement and an Escrow Deed to park 10% of the project equity of the new joint venture. The deeds were signed at the Government House in Port Moresby. PNG Prime Minister James Marape attended the signing, which he said is a major miles...2022/04/08