What does Zijin Mining do?

Zijin Mining Group Co., Ltd. is a large state-owned mining group located in Shanghang County, an old revolutionary base in western Fujian. It is China's largest gold producer, second largest mineral copper producer, and sixth largest It is a zinc production enterprise and one of the companies that controls the most metal mineral resources in China. It ranks 243rd in the 2009 Financial Times Global 500 (market value) list and 1128th in the Forbes Global 2000 list in the United States.

The predecessor of Zijin Mining is Shanghang County Mining Company, which was established in July 1986. In August 1993, Shanghang County Mining Company was reorganized into Shanghang County Zijin Mining Corporation, and its main business shifted to the development and construction of the Shanghang Zijinshan Gold Mine. In October 1994, it was renamed Fujian Minxi Zijin Mining Group Co., Ltd., and the nature of the enterprise was wholly state-owned. In September 2000, Fujian Zijin Mining Co., Ltd. was established with West Fujian Xinghang Industrial Co., Ltd. as the main sponsor and seven other sponsors including Xinhuadu Industrial Group Co., Ltd. In April 2004, Fujian Zijin Mining Co., Ltd. was renamed Fujian Zijin Mining Group Co., Ltd. In June 2004, Fujian Zijin Mining Group Co., Ltd. was renamed Zijin Mining Group Co., Ltd.

In December 2003, Zijin Mining was listed on the H-share market in Hong Kong (stock code: 2899); in April 2008, it returned to the domestic A-share market (stock code: 601899), becoming the first company in the A-share market to trade at 0.1 A company that issues shares with a par value of RMB 10,000. In March 2008, the core enterprise - Zijinshan Gold (Copper) Mine was rated as "China's No. 1 Gold Mine" by the China Gold Association.

At present, Zijin Mining has formed a product structure that focuses on gold and also develops basic metals such as copper, lead, zinc, tungsten, and iron. Its subsidiaries are distributed in more than 20 provinces, municipalities, autonomous regions, and overseas. 7 countries.

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