During the PDAC conference in Toronto, Mr. Fang Qixue, Executive and Vice President of Zijin, and Mr. Peter Grosskopf, CEO of Sprott Inc., signed the term sheet to transform Sprott-Zijin Mining Fund from a hedge fund to a private equity fund. Sprott Inc. is a Toronto-based alternative assets manager.

Jointly set up by Zijin and Sprott in October 2013, Sprott-Zijin Mining Fund has been outperforming the major mining indices. 

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).