Zijin Mining Group Company Profile
Zijin Mining Group Company Limited engages in the exploration and mining of gold, copper, zinc and other metal mineral resources worldwide, supplemented by refining, processing and sale of related products.
The company also carries out other mining and metallurgy related businesses, such as research and development, construction, trade and finance, etc.
The company has an optimal research and development system with pertinence and practicability, which specializes in geology, mining, processing, metallurgy, and environmental protection application.
The company has a finance company, Hong Kong treasury centre and capital investment company, for fund management and capital operation across worldwide business. The company explores the pathway to a combination among mining industry and finance, trade and logistics; and has built the platforms for selling, trading and marketing of gold and other metal products.
As of December 31, 2018, the company owned 195 exploration rights covering a total area of 2,279.90 square kilometers, and 233 mining rights covering a total area of 874.45 square kilometers.
Segments
Gold Bullion
This segment engages in the production of gold bullion through the company’s integrated processes, i.e., mining, processing and refining.
Processed, Refinery and Trading Gold
This segment engages in the production of gold bullion by processing gold concentrates produced by the company or purchased from external suppliers and the gold bullion in the business of physical gold trading.
Gold Concentrates
This segment engages in the production of gold concentrates that are up to smelting standard by processing gold ore produced by the company.
Copper Cathodes
This segment engages in the production of copper cathodes through the company’s integrated processes, i.e., mining, processing and refining.
Refinery Copper
This segment engages in the production of copper cathodes by processing copper concentrates produced by the company or purchased from external suppliers.
Copper Concentrates
This segment engages in the production of copper concentrates that are up to smelting standard by processing copper ore produced by the company.
Other Concentrates
This segment comprises, principally, the production of zinc concentrates, tungsten concentrates, lead concentrates and iron ore.
Zinc Bullion
This segment engages in the production of zinc bullion.
Others
This segment comprises, principally, the production of vitriol, copperplate, silver, iron and real estate development.
History
The company was founded in 1986. It was formerly known as Fujian Zijin Mining Industry Company Limited and changed its name to Zijin Mining Group Company Limited in 2004.
