Copper
Copper
copper
Applications
  • Power Grid
    Power Grid
  • Battery
    Battery
  • Renewable Energy
    Renewable Energy
  • Interconnected World
    Interconnected World
  • Electric Vehicles
    Electric Vehicles
Changing the future
  • In the energy revolution pioneered by electrification to replace the internal combustion engines, metal materials are very important to the global decarbonization drive. Copper, the most cost-effective conductor, will become the key metal to the green energy revolution, electrification and intelligent transformation. It holds a strategic place in energy transformation and upgrading.
  • Electric vehicles use four times as much copper as petrol-based vehicles.
  • Over 70% of the world’s copper is used for power transmission.
  • Renewable energy technologies use four to five times more copper than fossil fuels to generate electricity.
Zijin Mining has become the world’s fastest growing company in the copper mining sector.
Zijin Mining has become the world’s fastest growing company in the copper mining sector.
Business

Highlight: In 2022, the Company’s mined copper production increased by 290 thousand tonnes. Such increment accounted for approximately 40% of the net increment of global copper production in 2022. Among the major copper producers in the world, the Company has the largest growth in terms of the mined copper production volume, making it one of the top copper miners in the world. Among the world’s top five newly discovered copper mines in the 21st century, the Company owns three slots of world-class mega copper mines, including Kamoa-kakula Copper Mine in DR Congo, the Čukaru Peki Copper (Gold) Mine in Serbia and the Julong Copper Mine in China. All of them have entered into commercial production within a short time, and realized a continuous growth in reserves and resources.

Resources: Copper resources reached 73.72 million tonnes, of which the proved and probable reserves were 32.09 million tonnes.

Production:The Group produced 1,568,166 tonnes of copper, representing an increase of 29.47% compared with the same period last year (same period last year: 1,211,230 tonnes, as the interest in Kamoa under the calculation is adjusted to 45%, the output is therefore increased by 5,732 tonnes, and the output in the 2021 announcement has been adjusted).

Among which, 877,317 tonnes of mined-copper were produced, representing an increase of 48.72% compared with the same period last year (same period last year: 589,897 tonnes).

690,849 tonnes of copper were produced from smelters, representing an increase of 11.19% compared with the same period last year (same period last year: 621,334 tonnes).

Costs: During the reporting period, the unit cost of sales of mine-produced copper was RMB19,862/tonne, representing an increase of 9.17% compared with the same period last year (same period last year: RMB18,194/tonne).

Contribution: Sales income from the copper business represented 24.77% (after elimination) of the operating income during the reporting period. Gross profit generated from copper products represented 49.44% of the gross profit of the Group.


Major copper mines  or

 enterprises

Name

                Ownership

    Consolidated-Mined Copper (kt)

             Attributable-Mined Copper (kt)


Kamoa Copper1, the DR Congo (on equity basis)

44.98%

150.013

                                   150.013


Kolwezi Copper Mine2, the DR Congo

72%

128.233

                                    92.328

Julong Copper, Tibet

50.1%

 114.977 

                                    57.603


Serbia Zijin Mining

100%

111.021

                                    111.021


Duobaoshan Copper Industry, Heilongjiang

100%

110.568

                                    110.568

Serbia Zijin Copper3

63%

92.977

                                    58.575


Zijinshan Copper and Gold Mine, Fujian4

100%

86.012

                                    86.012

Ashele Copper Mine

51%

44.136

                                    22.509

Bisha, Eritrea

55%

17.098

                                    9.404

Hunchun Zijin, Jilin

100%

12.138

                                    12.138

Other Sites

10.144

                                    7.944

Total

877.317

                                              718.115


Notes: 

1.Including the interest held indirectly through Ivanhoe, the Company holds 13.59% equity interest in Ivanhoe.

2.Including 73,834 tonnes of SX-EW copper.

3.Including 24,665 tonnes of electrolytic copper.

4.Including 22,482 tonnes of SX-EW copper.


Major copper refineries

Name

Ownership

Consolidated-Refined copper(kt)

Attributable-Refined copper (kt)


Zijin Copper

100%

386.064

386.064


Heilongjiang Zijin Copper

100%

164.648

164.648


Jilin Zijin Copper

100%

137.033

137.033


Total from other copper refineries

3.104

2.925


Total

621,334

618,053




Assets