Zijin News - On January 16th, Zijin Mining released its 2021 annual financial results forecast. It is estimated that net profit attributable to shareholders of the parent company will reach another record high, at 15.6 billion yuan in 2021, an increase of 9.091 billion yuan year-on-year, or 139.67%. Net profit after extraordinary items is expected to surge to 14.5 billion yuan, a year-on-year growth of 8.178 billion yuan, or 129.36%.
In 2021, the Group beat expectations in production, operation and the construction of key projects. Annual output of main mineral products are as follows: 47.5 tonnes of mined gold, a year-on-year increase of 17.28%; 584,000 tonnes of mined copper, a year-on-year rise of 28.92%; 434,000 tonnes of mined zinc (lead), up 14.81% year-on-year; 309 tonnes of mined silver, a year-on-year increase of 3.34%; and 4.248 million tonnes of iron concentrate, up 9.71% year-on-year.
Zijin has become one of the world’s largest growth contributors in mined copper. With three world-class copper mines - the Kamoa-Kakula Copper Mine Phase I in the DRC, the Upper Zone of Čukaru Peki Copper and Gold Mine in Serbia, and the Julong Copper Mine Phase I in Tibet - put into commercial production, Zijin’s copper production now enjoys explosive growth. Zijin has also picked up its pace in going global, with increased competitiveness and it has become one of the first-tier global mining companies.
In 2021, Zijin tapped into renewable energy and advanced minerals, starting with the acquisition of the 3Q lithium brine project, a world-class, high-grade project worth 5 billion yuan. It also established a research institute in the field, and is working on implementing related projects. Zijin also launched an initiative in cooperation with Fuzhou University to produce ammonia-to-hydrogen solutions. In addition, it has achieved much in building solar power stations for mines and companies.
While developing rapidly, Zijin also put into practice the vision of “mining for a better society” by helping people in host communities, and protecting the environment. These efforts showcase Zijin’s image as a responsible, reliable mining group, and have won recognition from the wider society.
At the beginning of 2022, Zijin has updated its strategic goal for 2030 from becoming “an international mining giant powered by technology and profitability” to being “a green, high-tech, leading global mining company”. The new goal suits Zijin’s current development and its future directions, and represents the group’s quest for higher achievements.
On January 16th, Zijin’s Board of Directors discussed and approved Guidelines on the Work of the Group in 2022, in which the Group’s main output targets for 2022 were set: 860,000 tonnes of mined copper, 60 tonnes of mined gold, 480,000 tonnes of mined zinc and lead, 310 tonnes of silver, and 3.2 million tonnes of iron concentrate.