2023 Results
Investors
Investors
2023 Performance
Major Mineral Production Guidance
Zijin Becomes First Chinese Miner with Annual Copper Output of over 1 Million Tonnes

  • 101
    11%
    Mined Copper(10kt)
    37 2019
    45 2020
    58 2021
    91 2022
    101 2023
  • 68
    20%
    Mined Gold(kt)
    41 2019
    41 2020
    48 2021
    56 2022
    68 2023
  • 47
    3%
    Mined Zinc & Lead (10kt)
    37 2019
    38 2020
    43 2021
    45 2022
    47 2023
  • 412
    4%
    Mined Silver(kt)
    263 2019
    299 2020
    309 2021
    396 2022
    412 2023
  • 2023
    2024E
    2025E
  • Mined Copper(10kt)
    101
    1110
    1170
  • Mined Gold (t)
    68
    2.3
    2.9
  • Mined Zinc & Lead (10kt)
    47
    470
    480
  • Mined Silver(t)
    412
    13.5
    14.5
  • Lithium Carbonate (10kt)
    0.29
    25
    120
  • Mined Molybdenum(10kt)
    0.81
    9
    16

Note: Given the complex and volatile market environment, the figures are production guidance only and there are uncertainties involved. They do not constitute commitments to actual 

production volumes, and Zijin has the right to adjust the figures based on the changing circumstances. Investors are therefore advised to take note of the risks. 

Reserves And Resources
  • Copper(10kt)
    Gold (t)
    Zinc & Lead (10kt)
    LCE (10kt)
    Silver (t)
    Molybdenum(10kt)
  • Reserves
    3340
    1148
    470
    443
    1864
    160
  • Resources
    7456
    2998
    1068
    1347
    14739
    306
  • Reserves of Zijin/
    Total reserves in China
    82%
    37%
    7%
    28%
    3%
    27%
Key ESG Indicators in 2023
  • 3247
    14%
    Direct economic contribution(RMB100 million)
    1800 2020
    2359 2021
    2854 2022
    3247 2023
  • 562
    9%
    Total social contribution(RMB100 million)
    214 2020
    395 2021
    509 2022
    562 2023
  • 1.53
    1%
    GHG emissions intensity(tCO₂e/10k RMB of value added)
    1.9 2020
    1.79 2021
    1.55 2022
    1.53 2023
  • 94.8
    0.51%
    Water Recycling Rate(%)
    91.86 2020
    92.02 2021
    94.29 2022
    94.8 2023
  • 28.04
    32%
    Investment in production safety (RMB100 million)
    8.91 2020
    14.93 2021
    21.32 2022
    28.04 2023
  • 0.25
    0.04%
    Lost-time injury rate per million hours worked(LTIR)
    0.33 2020
    0.30 2021
    0.29 2022
    0.25 2023
  • 95.9
    Local Employment Rate/%
  • 80.3
    Local procurement rate/%
Financial Performance
  • 2934
    9%
    Revenue(RMB100 million)
    1361 2019
    1715 2020
    2251 2021
    2703 2022
    2934 2023
  • 465
    7%
    EBITDA(RMB100 million)
    148 2019
    203 2020
    351 2021
    436 2022
    465 2023
  • 313
    4%
    Earnings(RMB100 million)
    70 2019
    108 2020
    248 2021
    300 2022
    313 2023
  • 211
    5%
    Net Attributable Profit(RMB100 million)
    43 2019
    65 2020
    157 2021
    200 2022
    211 2023
  • 369
    29%
    Operating cash flow(RMB100 million)
    107 2019
    143 2020
    261 2021
    287 2022
    369 2023
  • 3430
    12%
    Total assets(RMB100 million)
    1238 2019
    1823 2020
    2086 2021
    3060 2022
    3430 2023
  • 17.1
    Dividends of RMB17.1 billion in the past 3 years
    25 2019
    32 2020
    53 2021
    53 2022
    66* 2023
  • 0.8
    5.26%
    EPS (RMB/share)
    *This value includes the completed 2023 semi annual dividend of 1.314 billion yuan, and the 2023 annual dividend plan needs to be submitted for review at the 2023 AGM.
Dividend History
Main Companies or Mines

Major copper mines or enterprises

Name

Ownship

Contained Copper (tonnes) Grade (%)

Consolidated-Mined Copper (kt)

Attributable-Mined Copper (kt)

 
     Notes

Kamoa Copper, the DR Congo (on equity basis)

44.98%

42,660,000 2.52

177,026

177,026

Including the interest held indirectly through Ivanhoe

Julong Copper, Tibet

50.1%

19,271,340 0.31

154,368

77,338

 

Serbia Zijin Mining

100%

Upper zone: 1,137,451;

Lower zone: 18,553,73

Upper zone: 2.43;

Lower zone: 0.76

138,512

138,512

 

Kolwezi Copper Mine, the DR Congo

72%

2,512,721 3.30

127,018

91,453

 At the beginning of 2024, the company transferred 5% equity to the government of the DRC. After the transfer was completed, the company's ownership of the equity changed to 67%.
     Including 72,921 tonnes of SX-EW copper.

 
Duobaoshan Copper Industry, Heilongjiang

100%

2,159,902 0.45

111,029

111,029

 

Serbia Zijin Copper

63%

11,141,849 0.45

100,397

63,250

Including 74,163 tonnes of electrolytic copper

Zijinshan Copper and Gold Mine, Fujian

100%

1,119,915 0.49

86,037

86,037

Including 23,102 tonnes of SX-EW copper.

Ashele Copper Mine

51%

544,695 1.84

44,240

22,563

 

Julong, Tibet(on equity basis)

22%

85,458 0.65

26,347

26,347

 

Bisha, Eritrea

55%

759,100 1.03

17,595

9,677

 

Hunchun Zijin, Jilin

100%

43,461 0.16

12,337

12,337

 

Other Sites



12,384 

9,759 

 

Total



1,007,290 

825,328 



Major gold mines or enterprises

     Name

     Ownship

Contained Gold (kg) Grade (%)

     Consolidated - Gold Produced(kg)

     Attributable - Gold Produced(kg)


     Buritic; Gold Mine, Colombia

69.28%

312,300 6.75

8,321

5,764 


     Rosebel

95%

193,094 1.22

7,573

7,194


     Norton, Australia;

100%

355,755 1.14

6,660

6,660


     Zeravshan, Tajikistan;

70%

97,305 1.91

5,991

4,194


     Longnan Zijin;

84.22%

136,871 2.07

5,937

5,000


     Serbia Zijin Mining;

100%

Upper zone: 58,266;

Lower zone: 384,958

Upper zone: 1.25;

Lower zone: 0.16

4,955

4,955


     Altynken, Kyrgyzstan;

60%

44,125 3.94

4,091

2,454


     Shanxi Zijin;

100%

109,056 1.78

3,875

3,875

 
     Aurora, Guyana;

100%

183,809 2.54

3,023

3,023

 
     Zhaojin Mining (on equity basis)

20%



2,884

2,884


     Duobaoshan, Heilongjiang;

100%



2,582

2,582


     Guizhou Zijin;

56%

180,852 5.13

2,217

1,242

 
     Hunchun Zijin, Jilin;

100%

6,264 0.23

2,160

2,160


     Luoyang Kunyu;

70%



2,110

1,477

 
     Serbia Zijin Copper;

63%

383,762 0.16

1,989

1,253


     Other  sites;



3,358

2,552


     Total



67,726

57,269 



Major zinc/lead mines or enterprises

     Name

Contained zinc&lead (tonnes) Grade (%)

     Ownership

     Consolidated-Mined zinc (t)

     Consolidated-Mined lead (t)

     Consolidated-Mined zinc & lead (t)


 Attributable-
     Mined Zinc&lead (t) 


     Zijin Zinc;

5,057,977 1.96

100%

140,744

24,625

165,369

165,369


     Bisha, Eritrea

2,848,300 3.87

55%

116,829

 

116,829

64,256


     Longxing, Russia

620,200 6.13

70%

86,344

5,060

91,404

63,983


     Urad Rear Banner Zijin

1,880,760 2.35

95%

50,842

11,138

61,980

58,881


     Ashele Copper Mine



51%

16,458

 

16,458

8,394


     Wancheng Business(on equity basis)



42.8%

10,234

1,646

11,880

11,880


     Other  sites

401

2,705

3,106

2,673


     Total

421,852

45,174

467,026

375,436


Major lithium mines or enterprises

     Name

     Ownship

Lithium carbonate metal (tonnes) Grade of hard rock lithium (%); grade of lithium ion concentration in brine (mg/l)

     Product Name

     Attributable-LCE(t)


     Tres Quebradas Salar, Argentina

100%

8,538,273 624


     Lithium carbonate

-


     Lakkor Tso Lithium Project, Tibet

70%

2,157,322 281


     Lithium hydroxide

-


     Xiangyuan Hard-Rock Lithium-containing Polymetallic Mine, Hunan

100%

830,972 1.06


     Lithium mica

2,903


     Total

2,903