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Zijin Mining: net attributable profit in first three quarters tops RMB 16.6 bn, up 47% YoY
2022/10/26 5740

Zijin News - On October 21, the Board of Directors of Zijin Mining deliberated and approved the company’s Q3 2022 report. In the first three quarters, the company recorded RMB 204.2 billion in revenue, RMB 24.9 billion in profit before tax and RMB 21.95 billion in operating cash flow. Its net attributable profit reached RMB 16.7 billion, a year-on-year increase of 47.5%.

 

Since the start of 2022, the global non-ferrous metals industry has continued to face downward pressure. In the third quarter, Zijin Mining continued to step up production, overcoming challenges caused by recurring Covid-19 outbreaks across the world, disruptions in the movement of people and goods and a slump in commodity prices.

 

As a result, both the output and the sales of its main products saw year-on-year growth. Zijin achieved RMB 6.3 billion in profit before tax and RMB 4 billion in net attributable profit in Q3.

 

Thanks to production ramp-ups at the three world-class copper projects - the Upper Zone of the Čukaru Peki copper-gold mine in Serbia, the Kamoa-Kakula copper mine in the DRC and the Julong copper mine in Tibet, Zijin produced 630,000 tonnes of mined copper, 41 tonnes of mined gold and 300,000 tonnes of mined zinc in the first nine months of 2022.  During this period, its copper production surged by 55% year-on-year.




Translator: Shang Yutong    Reviser: Li Yuanxing   Editor-in-Chief: Wang Jie