Zijin Mining's globalization strategy has been effective

Recently, Zijin Mining announced that in the first quarter of this year, the company's core minerals gold, copper production growth continues to lead the world, is the world's largest mining enterprises with the most growth. Revenue in the first quarter was 74.9 billion yuan, up 15.7% year on year; Net profit attributable to the parent was 5.44 billion yuan, up 61.2% from the fourth quarter of last year. According to industry experts' analysis, at the beginning of this year, Zijin Mining revised its plan for the next three years and the outline of development goals for 2030. The first quarter was successful, and the company has taken a solid step towards the grand goal of becoming a world-class mining company by 2030.

In recent years, the globalization of Zijin Mining has accelerated. In 2021, three world-class copper mines -- Kamoa Copper Mine in Congo, Pegi Copper and Gold Mine in Serbia, and Julong Copper Mine in Xizang -- have been put into operation, and copper production has exploded in an all-round way. The company has become a globalized enterprise in metal mining industry and an important effective force in the global metal mining industry. In 2022, Zijin Mining achieved an operating revenue of 270.3 billion yuan and a net profit of 20 billion yuan, both of which increased by more than 20% and reached a record high. The amount of main mineral resources, reserves, main economic indicators and market value all ranked among the top 10 mining enterprises in the world.

In the past 20 years, Zijin Mining has started from Zijinshan Gold and Copper Mine to the whole country and developed a number of backbone mines. After listing in Hong Kong, the company determined the development strategy of "leading domestic gold - leading domestic mining - leading global mining". Starting from the acquisition of Summit Mining in Canada in 2005, by the end of 2022, the Group company has important mining investment projects in 15 overseas countries, and has become a successful forerunner of China's mining industry "One Belt and One Road". The reserves, output and profits of copper, gold and other mineral resources controlled by the company overseas have exceeded those at home.

Zijin Mining builds core competitiveness with technological innovation ability as the lead, and succeeds in projects that others do not want to do or cannot do well. A number of loss-making enterprises, including Tajikistan's Zeravshan, Australia's NORTON Goldfields, Serbia's Zikimball and Guyana's Aurora, turned a profit within a year. The African Congo (DRC) Musonoi Company from flat base to completion in just more than 2 years; The Paige copper and gold mine in Serbia was acquired, built and started production in less than three years.

In recent years, Zijin Mining has significantly increased its status and influence in the global mining industry. It has become the Chinese enterprise controlling the largest overseas reserves of metal resources and mineral products output, and is also one of the most successful overseas investment enterprises of Chinese mining enterprises.