2020 Highlights
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2020 Highlights
  • 2500
    Total market capitalisation (RMB 100 million)
  • 1715
    Operating income (RMB 100 million)
  • 1823
    Total assets (RMB 100 million)
  • 746
    Net assets (RMB 100 million)
  • 108
    Net cash flows from operating activities (RMB 100 million)
  • 65
    Net profit attributable to owners of the parent (RMB 100 million)
  • 31
    Dividend (RMB 100 million)
  • 143
    Net cash flows from operating activities (RMB 100 million)
  • RMB 250 billion
    In 2020, the Company’s A Share price increased from RMB 4.75/share to RMB 9.29/share, and the Company’s H Share price increased from HKD 4/share to HKD 8.78/share. The total market capitalization at the end of 2020 doubled to RMB 224.9 billion, placing the Company at the 12th among the top 50 mining companies in the world.
  • RMB 0.25/share
    In 2020, the Company’s basic earnings per share was RMB 0.25/share, representing a 38.89% increase compared with the same period last year.
  • RMB 6 billion
    The Company issued RMB 6 billion of A Share convertible corporate bonds.
  • Gold
    Gold business is the most important contributor to the Company’s operating income and profit. In 2020, the gross profit margin of mine-produced gold was 51%.

    Au

    Major enterprises
    or mines

    Name

    Interest held
    by the Group

    Total retained resources volume (including
    reserves volume)

    Mine-produced
    gold (kg)

    Note


    Metal Volume (Kg)

     Grade (g/t)


    Zeravshan in Tajikistan

    70%

    96133

    2.10

    6,289

     


    Norton in Australia

    100%

    343218

    1.16

    5,773

    After completion of all the construction work and upon reaching designated production capacity, a maximum of 7 tonnes of gold can be produced in peak years


    Altynken in Kyrgyzstan

    60%

    62687

    5.53

    4,198

     


    Hunchun Zijin in Jilin

    100%

    24118

    0.44

    2,744

     


    Porgera Gold Mine in Papua New Guinea

    47.5%

    330625

    4.02

    2,675 (on equity basis)

     


    Guizhou Zijin

    56%

    146580

    5.20

    2,201

     


    Buriticá

    Gold Mine in Colombia

    69.28%

    295800

    8.53

    2,201

    After completion of technological upgrade and expansion, annual production of gold will be raised from 7.8 tonnes to 9.1 tonnes


    Zijinshan Gold and Copper Mine in Fujian

    100%

    7853

    0.33

    2,076

     


    Luoyang Kunyu

    70%

    36260

    3.98

    2,030

     


    Heilongjiang Duobaoshan

    100%

    79779

    0.13

    1,936

     


    Serbia Zijin Copper

    63%

    360000

    0.14

    1,550

     


    Shanxi Zijin

    100%

    60610

    2.28

    1,455

    After construction is completed and designated production capacity is reached, approximately extra 3 to 4 tonnes of gold metal can be produced annually


    Neimenggu Golden China

    100%

    5797

    0.58

    1,155



    Upper Zone of the Čukaru Peki 

    Copper and Gold Mine

    100%

    81491

    1.91

    Under construction



    Lower Zone of the Čukaru Peki 

    Copper and Gold Mine

    100%

    298593

    0.18

    Under construction



    Aurora Gold Mine

    100%

    177819

    2.80

    Under construction



  • copper
    The Company’s copper business has high growth potential with early signs showing momentum for exploding growth. In 2020, the gross profit margin of mine-produced copper was 46%.

    Cu
           Major enterprises
       or mines

     

     

     

     

    Name

    Interest held by the Group

    Total retained resources volume (including
         reserves volume)

    Mine-produced copper (tonnes)

     

     

    Metal Volume (t)

     Grade (%)

    Kolwezi Copper Mine in the DR Congo

    72%

    1077522

    4.17

    114,265

     

    Heilongjiang Duobaoshan

    100%

    2435691

    0.40

    100,506

     

    Zijinshan Gold and Copper Mine in Fujian

    100%

    1721100

    0.42

    81,103

     

    Serbia Zijin Copper

    63%

    10119002

    0.40

    52,207

    After completion of technological upgrade and expansion of the project, 120 thousand tonnes of mine-produced copper metal is expected to be produced annually and the smelter plant is expected to possess an annual refining capacity of 180 thousand tonnes of copper metal (with rooms to increase to 200 thousand tonnes)

    Xinjiang Ashele

    51%

    563627

    2.82

    45,003

     

    Bisha in Eritrea

    55%

    638216

    1.01

    21,725

     

    Hunchun Zijin in Jilin

    100%

    98318

    0.18

    14,405

     

    Kamoa Copper Mine

    45.04%

    43690000

    2.53

    Under construction

     

    Qulong Copper Mine

    50.10%

    10715356

    0.40

    Under construction

    After construction of phase one of Qulong is completed and designated production capacity is reached, 160 thousand tonnes of copper can be produced annually

    Upper Zone of the

    Čukaru Peki Copper and Gold Mine

    100%

    1280000

    3.00

    Under construction

     

    Lower Zone of the Čukaru Peki Copper and Gold Mine

    100%

    14300000

    0.86

    Under construction


  • zinc
    The profitability from development of low-grade resources is a clear edge of the Company’s zinc business. In 2020, the gross profit margin of mine-produced zinc was 32%.

    Zn
           Major enterprises
       or mines

    Name

    Interest held by the Group

    Total retained resources volume (including
         reserves volume)

    Mine-produced zinc (tonnes)

     

     

    Metal Volume (t)

     Grade (%)

    Bisha in Eritrea

    55%

    3035295

    4.81

    121,930

     

    Zijin Zinc

    100%

    5531852

    1.73

    110,121

    After reaching the designated production capacity, Zijin Zinc's annual production of zinc metal and lead metal will be approximately 129.5 thousand tonnes and 21.8 thousand tonnes respectively

    Urad Rear Banner Zijin

    95%

    2069264

    2.34

    47,662

     

    Longxing in Russia

    70%

    830000

    9.97

    49,081

     

    Xinjiang Ashele

    51%

    317400

    0.86%

    12,110


  • silver
    The Company’s silver business has emerged as an associated new volume driver in recent years. In 2020, the silver resource reserve volume and associated silver resource reserve volume of the Company was approximately 2,924 tonnes and 6,584 tonnes respectively.