On July 14, Zijin Mining released the preannouncement that its net profit attributable to shareholders in 1H 2015 is expected to grow about 20% according to preliminary calculations. The earnings growth is mainly driven by 1) business measures taken to downsize, increased productivity and efficiency, and reduced costs; 2) cutting costs in our smelting business; and 3) hedging gains. These measures have served to counteract the decline in metal prices.