Zijin Mining Group Co., Ltd. (601899)

Zijin Mining Group Co., Ltd. (601899)

Zijin Mining Group Co., Ltd.(“the Company”) is a sizable multinational mining group principally engaged in the prospecting, exploration and mining of gold, copper and other mineral resources. With asset scale, operating income, accumulated profit and tax exceeding RMB 130 billion, the Company is one of the sizable mining companies generating the best efficacy, controlling the highest metal resources reserve volume, performing most competitively in Chinese mining industry. Dually listed in Hong Kong Stock Exchange(H shares, code: 2899) and Shanghai Stock Exchange(A shares, code: 601899), the Company ranked the 778th in the list of “Forbes Global 2000” in 2020, of which 9th among the global non-ferrous mining corporations, 3rd among the global gold corporations. According to Fortune in 2020, the Company ranked 77th in Fortune China 500.

As the Company’s key mineral types, mineral resource reserves and mine production of gold, copper and zinc have ranked top 3 in domestic mining sector. The Company owns significant mining investment projects in 14 provinces (regions) domestically and 11 countries overseas including a list of large production mines like Fujian Zijinshan Gold and Copper Mine, Heilongjiang Duobaoshan Copper Mine, Porgera Gold Mine in Papua New Guinea, Kolwezi Copper and Cobalt Mine in the DR Congo, Bor Copper Mine in Serbia, Buriticá Gold Mine in Colombia and also some world-class super large-scale high-grade mines in construction such as Kamoa Copper Mine in DR Congo and Timok Copper and Gold Mine in Serbia. With the copper metal resource reserve as high as 43.69 million tonnes, Kamoa Copper Mine is the largest copper mine in Africa and 4th largest in the world. The overseas resource reserve and production volumes of gold, copper and zinc exceed or are close to half of the total volume of the Company, contributing to over one-third of the gross profit of the Company. The Company has become one of the Chinese enterprises owning the largest resource volumes of gold and non-ferrous metals, and produces the largest volume of metallic mineral products in Chinese mining industry.

The Company stands firm with its high quality sustainable development strategy, insists on innovation especially technology innovation as its core competitiveness, possesses rich practical experiences and occupies leading position in industry in the aspect of geological prospecting, hydrometallurgy, comprehensive recovery and utilisation of low-grade refractory resources, large-scale engineering development and so on. The Company initiated the project management model of “integrating five ore treatment processes into one” and is one of the few multinational mining companies that have self-initiated technology and engineering management capabilities. The Company always views safety and environmental protection as the lifeblood in its development and comprehensively promotes the construction of green mines and ecological civilization, leading the industry with excellent utilization level of resources and energy consumption indicators. Adhering to its own value of “Harmony begets wealth; the Company, its people, and the community develop in harmony”, the Company actively fulfils its social responsibilities and has won the “China Charity Award”, the top award of its kind, for three times.

Actively responding to the “One Belt and One Road” Initiative, the Company sticks to the road of innovative development, persists to internationalisation, project upsizing and asset securitisation, aims at ascending to the league of top international miners as an “extra-large scale international mining group with high technology and efficiency”, and strives to provide high-quality mineral products to contribute for the Chinese and Global economic growth.

>> Polycore Tubing