The Zijinshan mine is the birthplace of Zijin Mining.
From the 1950s through the 1970s, three attempts at geological prospecting at Zijinshan yielded no discoveries. In the 1980s, Mr. Chen Jinghe, the founder of Zijin Mining, along with local geological exploration teams, finally discovered and measured the first large copper-gold deposit on the southeast coast of China after a decade of arduous exploration. This discovery won the National Science and Technology Progress Award in China.
In 1993, the Shanghang Zijin Mining Company was established to develop the Zijinshan mine, a low-grade gold-copper project. Despite limited resources in terms of funds, talent, and technology, five rounds of systematic management and technological innovation were implemented. The Zijinshan Gold Mine, once deemed as an “almost worthless” project, quickly became China’s largest and most cost-effective gold mine, with the lowest grades and strongest profitability. This transformation led to the mine’s official recognition as “China’s Largest Gold Mine”. Meanwhile, by creatively combining bio-metallurgy with traditional flotation methods, Zijin successfully extracted minerals from low-grade copper ores, generating high profits from low-grade resources.
The development of the Zijinshan Gold-Copper Mine also fostered Zijin’s unique innovation philosophy, corporate culture, and the Five-Pronged Mining Engineering Model. The roots of Zijin Mining lie in the Zijinshan mine.