Zijin News – On January 29, Zijin Mining announced its estimates for 2022 full-year results, with revenue increasing 20% year-on-year to RMB270 billion and net profit attributable to shareholders of the parent company up 27.61% year-on-year to RMB20 billion.
Capitalizing on favorable market conditions, the company delivered impressive production results:
· Mined copper: 859,000 tonnes, up 47.09% year-on-year;
· Mined gold: 55.9 tonnes, up 17.68% year-on-year;
· Mined zinc (lead): 442,000 tonnes, up 1.84% year-on-year;
· Mined silver: 387.5 tonnes, up 25.49% year-on-year.
Zijin has set out a three-phased plan to become a leading global miner, and the solid performance of 2022 marked a strong end to the first phase. It has become one of the top-tier global miners by main financial indicators. Its global operation and management system has taken shape, and its global competitiveness has grown tremendously.
The company is also seizing opportunities in the renewable energy market spawned by the push for achieving net-zero emissions. It has acquired three lithium projects in Argentina, Tibet, and Hunan Province, China. Also known as “Two Lakes and One Mine”, the projects will be a crucial driver for the company’s new phase of growth.
The company has reached a new height in 2023. Several world-class mines are in production or under construction and projects in the fields of renewable energy and advanced materials are being advanced, providing strong support for the company’s efforts to achieve solid performance in the following three years and to meet its 2030 Goals.
Translators: Wei Yalin, Chen Peng Reviser: Lin Xinjing Editor-in-Chief: Wang Jie
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).