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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
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Zijin Mining's Tres Quebradas Lithium Brine Project Starts ConstructionZijin News - On March 20, a ceremony was held at the heartland of the Catamarca Andes, which is 4100 meters above sea level, to mark the start of construction of Zijin Mining’s 3Q lithium brine project, a project with an annual production of 20,000 tonnes of lithium carbonate. Raúl Jalil, Governor of Catamarca Province, attended the ceremony and delivered a speech. He pointed out that Zijin Mining...2022/03/29
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Kamoa-Kakula Phase 2 Concentrator Plant Commissioned Ahead of ScheduleZijin News - On March 21, Zijin announced the hot commissioning of the Phase 2 3.8 Mtpa concentrator plant at the Kamoa-Kakula mine in the Democratic Republic of the Congo, four months ahead of schedule. With experience gained in the construction and operation of Phase 1, Phase 2 was up and running in 18 months, 6 months shorter than Phase 1. Phase 1 reached name-plate capacity and targets in only...2022/03/29
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Zijin Mining Releases 2021 Annual ReportZijin News - On the evening of March 18, Zijin Mining Group (“Zijin”) released its 2021 annual report. Zijin’s performance hit a record high, with both revenue and total assets exceeding RMB 200 billion. In 2021, Zijin’s EBITDA stood at RMB 35.1 billion, and total profit was RMB 24.8 billion. Net profit attributable to shareholders of the parent company was RMB 15.7 billion, up 141% year-on-year. ...2022/03/23