Zijin Mining — BrandWiki

Zijin Mining

Overview

Zijin Mining Group Co., Limited

trading name	紫金矿业
native name	紫金矿业集团股份有限公司
native name lang	zh
romanized name	zǐjīn kuàngyè jítuán gǔfèn yǒuxiàn gōngsī
type	Public; partly state-owned
traded as	sse: 601899 CSI A50
foundation	1986 as Shanghang Mineral Company
location city	Shanghang, Longyan, Fujian
location country	People's Republic of China
key people	Chairman: Mr. Chen Jinghe
area served	Worldwide
industry	Mining
products	Gold, Copper, Zinc
revenue	CN¥349,080,000,000 (FY 2025) ≈ US$49,200,000,000‡R1R‡
net income	CN¥51,780,000,000 (FY 2025) ≈ US$7,290,000,000‡R2R‡
num employees	65,000‡R3R‡

Zijin Mining Group Co., Limited is a publicly-traded partly state-owned mining company headquartered in Longyan, Fujian, China. It is one of the largest producers of gold, copper, and zinc in the country, with operations across Asia, Africa, Europe, and the Americas.

Corporate affairs

Zijin is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Its largest shareholder is the Shanghang Minxi Xinghang State-Owned Property Investment Company, which holds a 24% stake and is controlled by the government of Shanghang County, where the company is based.

History

Zijin was founded in 1986 as the Shanghang Mineral Company and later restructured into its current corporate form. In 2006, Zijin produced 49.28 tonnes of gold, accounting for over 20% of China's total output.[4] Production rose to 69 tonnes in 2010, but declined to about 37 tonnes by 2018.[5] Zijin has expanded aggressively abroad through a number of acquisitions in the 2010s and 20s.

In 2025, Zijin subsidiaries were added to the U.S. forced labor entity list under the

International operations

Zijin operates a global portfolio of mining and exploration assets, including wholly owned subsidiaries, majority-owned companies, and strategic equity investments. The company's primary focus is on gold and copper, with growing interests in lithium, zinc, and other critical minerals.

Major projects and investments

Zarafshon Gold Mine (Tajikistan): Zijin holds a 70% stake in the Zarafshon Joint Venture, which operates the Jilau and Taror gold mines near Panjakent. It is the largest gold producer in Tajikistan, responsible for more than 70% of the country's total output.[12][13]

Taldybulak Levoberezhny Gold Mine (Kyrgyzstan): Operated by the Altynken Joint Venture, Zijin holds a 60% stake in this project located in the Western Tianshan gold-copper belt. It is the third-largest gold mine in Kyrgyzstan with annual output of around 4 tonnes.[14][15]

Buriticá Gold Mine (Colombia): Acquired through its 2019 purchase of Continental Gold for C$1.3 billion, this high-grade underground gold project was affected by a major theft in 2023, in which 3.2 tonnes of gold were stolen by an organized group.[16]

Rosebel Gold Mine (Suriname): In 2022, Zijin acquired a 95% stake in Rosebel and 70% of the adjacent Saramacca mine from Iamgold for $360 million.[17]

Serbia Zijin Bor Copper (Serbia): Zijin purchased a 63% stake in Serbia's state-owned copper mining complex in 2018, now operating as Serbia Zijin Bor Copper. The operation includes open-pit and underground copper mines, a smelter, and refining facilities.[18]

Kamoa-Kakula Copper Mine (Democratic Republic of Congo): Zijin owns 49.5% of Kamoa Holding, alongside Ivanhoe Mines. It was one of the largest copper discoveries globally.[19][20]

Porgera Gold Mine (Papua New Guinea): Zijin holds a 50% interest in Barrick Niugini Limited, the operating entity of the Porgera mine.[21][22]

Aurora Gold Mine (Guyana): Acquired through the purchase of Guyana Goldfields in 2020 for approximately $238 million. The mine remains one of Guyana's largest gold operations.[23]

Akyem Gold Mine (Ghana): In 2024, Zijin agreed to acquire 100% ownership of the Akyem gold mine from Newmont Corporation for up to US$1 billion.[24]

Garatau Platinum Group Metals Mine (South Africa): Zijin owns and operates the Garatau PGMs mine in Limpopo Province and is also engaged in lithium exploration in South Africa.[25]

Kolwezi Copper Mine (Democratic Republic of Congo): Zijin owns a 67% stake in the COMMUS copper and cobalt mine near Kolwezi, producing over 129,000 tonnes of copper and 2,200 tonnes of cobalt in 2023.[26]

Norton Gold Fields (Australia): Zijin owns Norton Gold Fields, which includes the Binduli gold mine in Western Australia. The mine complex is a key asset in Zijin's Oceania portfolio.[27]

Bisha Polymetallic Mine (Eritrea): While Zijin does not hold equity in the operating company, it is involved in engineering, procurement, and construction (EPC) services through affiliated contractors, contributing to infrastructure development at the Bisha copper-zinc-gold mine.[28]

Exploration and development

Kharmagtai Copper-Gold Project (Mongolia): Zijin holds a strategic investment in Xanadu Mines and is jointly developing the Kharmagtai copper-gold project, one of Mongolia's largest undeveloped porphyry systems.[29]

Rio Blanco Copper-Molybdenum Project (Peru): Zijin is developing the Rio Blanco mine in northern Peru, one of the country's largest undeveloped copper-molybdenum projects, acquired as part of its long-term strategy in Latin America.[30]

Bankan Gold Project (Guinea): Zijin acquired a 3.5% equity stake in Predictive Discovery to support development of the Bankan Gold Project, one of West Africa's emerging large-scale deposits.[31]