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Zijin Mining's Performance Continues to Grow, Expected to Achieve Net Profit of 21.1 billion Yuan in 2023

Mar 26,2024

On January 29, Zijin Mining released a performance forecast, which is expected to be realized in 2023.The net profit of the mother is 21.1 billion yuan.The year-on-year growth was 5.3 percent.

In 2023, global mining growth was difficult, and Zijin Mining became one of the few leading mining companies in the world to maintain capacity growth year after year,The output of gold, copper and other main mineral products continued to grow rapidly.

Benefiting from the stable production of the three major copper mines including the Kamoa Copper Mine, Zijin Mining's annual mineral copper output reached 1.01 million tons, a year-on-year increase of 11%. It has become a Chinese mineral copper company that has broken the million mark, and it is also the world's fastest growing in recent years. Large copper mining company. In addition, the output of mineral gold was 67.7 tons, a year-on-year increase of 20%, equivalent to nearly 1/4 of the domestic mineral gold output in 2023; the output of mineral zinc was 467000 tons, a year-on-year increase of 3%.

In 2023, Zijin Mining has made significant gains in the merger and acquisition of gold, copper, lithium and other resources and capacity improvement.

gold aspect

Suriname's Rosbel gold mine was acquired that year and became the company's gold producer that year; Papua New Guinea's Pogra Gold Mine has a definitive restart cooperation plan to land and resume production at the end of 2023; Longnan Zijin and other renovation and expansion projects to accelerate the release of production capacity.

copper aspect

Technical renovation projects such as the Congo (DRC) Kamoa copper mine and the upper ore belt of the Peggy copper and gold mine in Serbia were completed and put into operation, and the acquisition of the large Juno copper mine in Tibet and the Hamagotai copper and gold mine in Mongolia was completed. The company's copper resources climbed to 75 million tons.

The lithium aspect

Argentina 3Q Salt Lake Lithium Mine, Tibet Laguo Salt Lake Lithium Mine, Hunan Dao County Xiangyuan Lithium Mine Phase I Project has been basically completed and put into operation, invited to lead the lithium mine Congo (DRC) Manono northeast exploration and development, "two lakes and two mines" lithium resources The formation of a new pattern will promote the company to become one of the world's important lithium enterprises.

faced with an uncertain world political and economic environment,Zijin Mining's green and sustainable global competitiveness is also enhanced. The reform of the company's global operation system has been deepened, and it has been awarded the "China Charity Award" for the fourth time, and a number of ESG ratings have reached the global industry level; in the context of the continuous adjustment of the-share market, the company's stock price has increased by 27% compared with the beginning of the year, and the total market value has exceeded 320 billion yuan, ranking 23rd among A- share listed companies.

Simultaneous announcements show that Zijin Mining's main mineral production in 2024 has increased significantly,It is planned to realize 1.11 million tons of mineral copper and 73.5 tons of mineral gold.Mineral zinc (lead) 470000 tons, equivalent lithium carbonate 25000 tons, mineral silver 420 tons, mineral molybdenum 9000 tons.

Chen Jinghe, chairman of Zijin Mining, said that in 2024, the company will take high-quality development as the guide, cost control as the starting point, and achieve economic and social benefits as the goal, and accelerate the completion and production of a number of important copper mine incremental projects. Fully release the production capacity and benefits of the gold sector,Strive to achieve a substantial increase in copper and gold production in five years, and strive to become one of the world's important lithium producers within five years., to create an important new growth pole for the company.

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Zijin Mining becomes China's first million tons of mineral copper enterprises

On the first day of the new year, Zijin Mining issued a production forecast. The company's mineral copper output reached 1.01 million tons in 2023, achieving a historic breakthrough. It is an enterprise that breaks the million mark for mineral copper in China, which is equivalent to 54% of China's mineral copper output of 1.87 million tons in 2022. In addition, the annual output of the company's main mineral gold reached 67 tons and mineral zinc reached 467000 tons, up 20% and 3% respectively.

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Lithium Industry Kos Realized Process Breakthrough Salt Field Brine Efficiency Doubling

After more than a year of joint research and exploration by Zijin Lithium Industry Kesi and Fujian Yujia Ao Breeding Technology Co., Ltd., the new technology to increase the evaporation rate of brine has been expanded on the 3Q salt field in Argentina, and gratifying results have been achieved. The evaporation rate of brine has doubled and is expected to increase by more than 2 times.

May 16,2024

Zijin Mining Launches New Round of Medium-and Long-Term Equity Incentive Plan

On November 14, Zijin Mining issued an equity incentive "serial gun", which plans to grant 42 million shares to 13 management members, including Chairman Chen Jinghe, at the average price of 12 yuan in the company's stock trading in the 20 trading days before the announcement; at the same time, it will implement an employee stock ownership plan for no more than 2747 company management and technical backbone personnel, with a grant price of 8.4 yuan per share. This is a new round of equity incentives following the implementation of the first phase of the employee stock ownership plan in 2017 and the implementation of the restricted stock incentive plan in 2020.

May 16,2024

Zijin Mining Established Academia Sinica to Build New Quality Productivity in Global Competition

Scientific and technological innovation is the core element of developing new quality productivity. In order to speed up the creation of global competitive comparative advantages and promote high-quality development with new quality productivity, Zijin Mining formally established the "Central Research Institute" on March 20, which will coordinate and direct the company's R & D resources, and strive to solve a number of key issues related to sustainable development, such as "natural collapse method mining" in ultra-deep and large-scale copper mines.

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“Drinking Oil" to "Eating Electricity" Tram Drives Zijin Mining to "Green"

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Pay tribute to the workers... to "new" and create "new" value.

Pay tribute to the workers... to "new" and create "new" value.

May 16,2024