Zijin Mining ranks 324th on the Forbes Global 2000 list, up 74 places
2022/05/18 102

Zijin News - Zijin Mining has jumped 74 spots from last year to No.324 on the Global 2000 List 2022, a ranking of the world’s companies released on May 12 by the world-renowned Forbes magazine.

Forbes ranked the companies in terms of four equally weighted metrics: sales, profits, assets and market value. Among the global metals and mining companies included in the list, Zijin Mining ranks 8th. The top 3 metals miners are BHP Billiton (75th), Rio Tinto (82nd) and Glencore (91st).

Zijin Mining has leapt to first place among global gold companies on the list, followed by Barick Gold (477th) and Newmont Mining (550th).

Among the Chinese nonferrous metals miners tabulated, Zijin ranks No.1. Others that got on the list are China Hongqiao (655th), Chinalco (853rd), Jiangxi Copper (911th), China Molybdenum (918th) and Tongling Nonferrous Metals (1813th).

In 2021, Zijin Mining achieved leapfrog growth, with performance indicators hitting record highs. Both revenue and total assets topped RMB 200 billion; total earnings reached RMB 24.8 billion, and net profit attributable to shareholders of the parent company was RMB 15.7 billion, up 141% year-on-year.

2022 is the final year in the first stage (2021-2022) of Zijin’s Ten-Year Development Plan. Mines that were newly put into operation - the group’s growth drivers - will maintain steady-state production or even scale up mineral output, supporting further growth in its business indicators.

In Q1 2022, Zijin achieved a revenue of RMB 64.8 billion and earnings of RMB 8.9 billion; net profit attributable to the parent company grew by 144% year-on-year, to reach RMB 6.124 billion, which is close to the net profit generated in the entire year of 2020. This represented strong results in production and operation in the first quarter, getting the group off to a good start in 2022.