From February 3 to 5, Zijin Mining held its 2021 Working Conference. All employees were encouraged to learn about our Five-Year Plan (2+3) and 2030 Development Goals, and to do their jobs with the goals in mind. They were also urged to help develop our Group into an international mining giant powered by high technology and profitability.
In his keynote speech, Chairman Chen Jinghe said that 2020 will go down in history as an important year in the development of Zijin Mining, as we have achieved major successes, made important strides, and have reached a new stage in our journey!
He noted that our Ten-Year Goals are not just a timetable, but also a call for action. By 2030, when we become an international mining giant powered by high technology and profitability, our Group will enter into a brand new stage:
l Our main economic indicators will approach or reach the levels of other top mining companies in the world;
l We will rank among the top 3 to 5 global mining businesses, in terms of resource reserves, production of main products, revenue, asset size and profits; and
l Our operations and management system will be globalized and advanced. We will be competitive globally, and have our own comparative advantages.
He stressed that Zijin Mining is now in its most important period of development. We are expanding our business globally, doing large-scale projects, and pursuing high-quality development. He further noted that it is vitally important for us to do a good job this year. Our overarching principle is still “further reform, quantum leap, and sustainable development”.
Regarding deepening reform, executives and employees at various operations should learn from the top mining companies in the world, and find ways to become the best through reforms and self-improvement.
On quantum leap, many of our tier-one, high-quality projects will begin production this year. Several technical upgrade projects will also start producing. We will do our utmost to ensure that they reach or even exceed the expected output. There will also be higher output from our current production capacities. Thus we expect significant growth in our production of gold and copper.
On sustainable development, as a global business, we need to have world-class resource reserves. We will work to build operations and management capabilities commensurate with our asset size. The underlying requirements for becoming an international mining giant powered by technology and profitability must be understood and met. We will fill the talent gap for our international operations, and boost our development by working closely with the capital market. We will also strengthen our corporate culture.
President Zou Laichang reviewed our work in 2020, and pointed out key areas where we fell short. He also laid out plans for our production and operations in 2021. He said that we should:
l unleash our Group’s potential and increase its efficiency, to deliver better-than-expected results in 2021;
l implement the reform program, and step up our efforts to build a global operations and management system;
l secure a quantum leap in our growth, to lay a solid foundation for our next round of development;
l make every effort to ensure our long-term development, and build Zijin’s distinct global competitiveness; and
l strengthen supervision and governance, and develop an excellent corporate culture to drive our global expansion.
Lin Shuiqing, Chairman of our Board of Supervisors, delivered a report on supervision and ant-corruption efforts. He said in 2021, supervision activities will be aimed at helping realize the Group’s strategic goals. More attention will be given to the quality of governance at subsidiaries. The creation of rules and regulations will be a top priority. We will continue with stringent Group-wide measures in fighting corruption. Further, we will improve the use of information technology, and strengthen our supervision teams for our global business.