On August 31st, Mr. Chen Jinghe, Chairman of Zijin, and Mr. Wang Jianhua, President of Zijin, attended press release of Zijin’s 2015 first half results held in Shanghai and Hong Kong respectively.
Mr. Chen and Mr. Wang shared their opinions on current macroeconomic situation and metals prices trends with analysts, institutional investors and reporters. Mr. Chen said, China’s ld demand is expected to increase and drive ld price back to $1200 per ounce in 2016.
Meanwhile, at Hong Kong’s press conference, Mr. Wang pointed out that ld price would steadily rise in the short term, and Zijin is positive on ld price outlook. They also answered questions on Zijin’s major mines’ operating plans, overseas M&A plan, and also non-public A-shares placement.
In the first half of 2015, prices of metals including ld and copper fell substantially. Zijin stuck to the key notion of “Promote reform, maintain growth and stimulate development” and endeavored to reduce the impact from price fall, realizing a revenue of RMB 38.83 billion (about US$6.35 billion), a 61.90% rise on the previous year, and a net profit attributable to shareholders of RMB 1.34 billion (about US$219.2 million), an increase of 20.89% over the same period of 2014 on the backdrop of sharp products price fall.
Analysts, institutional investors and financial media attended the results release. Afterwards, Mr. Chen was interviewed by Reuters and Bloomberg.
About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).