Zijin Mining Group Company Limited (OTCPK:ZIJMF, Hong Kong Stock Exchange: 2899, Shanghai Stock Exchange: 601899) was founded in 1986 and is headquartered in Longyan, China, with 19,011 full-time employees. It is the largest gold mining company in China.
Zijin Mining Group Company (ZIJMF):
Zijin Mining Group Co., Ltd. (Hong Kong Stock Exchange: 2899, Shanghai Stock Exchange: 601899, Zijin Mining for short) is an industrial company listed on the Hong Kong Stock Exchange. Its main business is the exploration, mining, production, smelting and sales of gold and other metals. The main asset is the gold mine in Zijin Mountain, Fujian Province, China, which is the largest gold mining enterprise in China. In 2011, Zijin Mining achieved sales revenue of 39.763 billion yuan, total profit of 5.713 billion yuan (RMB), and total assets of 29.646 billion yuan. It achieved and maintained a double-digit growth in net profit. The market value of the company reached 127.7 billion yuan on December 31, 2009. , Ranked 243rd in the 2009 Global 500 (market value) rankings of the Financial Times. The main business of Zijin Mining focuses on the development of non-ferrous metals such as gold and copper. Zijinshan Gold Mine, a core enterprise of Zijin Mining, is a gold mine with the largest available reserves, the largest mining scale, the largest gold output, and the best economic benefits in a domestic single mine. It is also the only world-class gold mine in China.
In 2007, Zijin Mining acquired the shares of Monterrico Metals PLC and CBML (Commonwealth & British Minerals Limited) to obtain minerals in Peru and Tajikistan.
On May 31, 2012, it purchased the remaining 83.02% equity of Norton Gold, an Australian gold mining company, at a purchase price of AU$0.25 per share, a 19% premium to Norton Gold before the suspension. The total transaction value was AU$180 million (about HK$1.36 billion) ). The main asset of Norton Golden Field is Australia’s Paddington gold mine project, with an annual output of 4.67 tons of gold.
On September 29, 2012, Qiu Xiaohua, the former director of the National Bureau of Statistics, was appointed as the vice chairman of Zijin Mining.
Zijin Mining Group Company (ZIJMF) official website introduction:
Zijin Mining Group Co., Ltd. is a large-scale mining group focusing on the exploration and development of metal mineral resources such as gold, copper and zinc. It ranked 1175th among the Forbes Global 2000 companies in 2016 and 9th among metal mining companies. Ranked 3rd among gold companies and 78th among the 2016 Fortune 500 Chinese Enterprises.
Zijin Mining started from the development of the Zijinshan Gold Mine in 1993 and completed the shareholding system transformation in 2000. It was listed in Hong Kong H shares in November 2003 (stock code: 002899), and listed in Shanghai A shares in April 2008 (stock code: 601899). At present, a product structure with gold, copper, zinc and other metals as the main product has been formed. Investment projects are distributed in 22 domestic provinces and regions and Canada, Australia, Papua New Guinea, Russia, Tajikistan, Kyrgyzstan, South Africa, Congo Nine countries including Peru.
The company is one of the companies that control the most metal mineral resources in China. As of the end of 2016, the company has equity resource reserves of 11.8325 tons of gold, 3,063,800 tons of copper, and 9,504,200 tons of zinc (lead). The output of the three major mineral products of gold, copper and zinc ranks among the top three in China’s mining industry, and the profit level has maintained the industry’s leading position for many years. In 2016, it achieved operating income of 78.851 billion yuan and net profit of 1.84 billion yuan. As of the end of December 2016, the company’s total assets were 89.218 billion yuan and net assets were 27.762 billion yuan. As of the end of 2016, the company had distributed 17.8 billion yuan in dividends.
Innovation, especially technological innovation, is the core competitiveness of Zijin Mining. The company has a leading position in the industry in terms of geological exploration, hydrometallurgy, comprehensive recycling and utilization of low-grade refractory mineral resources, large-scale engineering development, and energy consumption indicators. The company has the only national key laboratory in China’s gold industry, as well as a number of high-level scientific research platforms such as national enterprise technology centers, academician expert workstations, and a number of independent intellectual property rights with strong applicability, high industrialization level, and significant economic benefits And scientific research results. The company also co-founded Zijin Mining Institute with Fuzhou University to cultivate outstanding mining talents for China and the world.
Zijin Mining adheres to the concept of “life first, environmental protection first”, “gold mountains and silver mountains, but also green mountains”, and regard safety and environmental protection as the lifeline of enterprise survival and development, continuously improve safety and environmental protection, and continue to promote green mines and ecology Civilization construction. The Zijinshan gold and copper mine was listed as the first batch of national mine parks, and several other mines were listed as national industrial tourism demonstration sites and green mine pilot units. Adhering to the value of “harmonious creation of wealth, harmonious development of enterprises, employees and society”, the company proactively fulfills its social responsibilities, accumulatively donated more than 2.4 billion yuan, and established the Zijin Mining Charity Foundation, which has won China’s highest charity award four times— -China Charity Award.
Zijin Mining takes the high-tech and profitable large international mining group as its strategic goal. In 2003, it achieved the first strategic goal of leading the Chinese gold industry and the second strategic goal of leading the Chinese metal mining industry in 2013. It is currently vigorously promoting the international A new round of entrepreneurship in the direction of industrialization, large-scale projects, and asset securitization, and strive to achieve the third-step strategic goal of entering the advanced international mining industry by 2030, and use high-quality mineral raw materials to help the economic development of China and the world, and provide investors, Employees and other related parties create greater value.