Zijin Mining Group Co., Ltd.

Zijin Mining or Zijin (SEHK: 2899,SSE: 601899) (simplified Chinese: 紫金矿业; traditional Chinese: 紫金礦業; pinyin: zǐ jīn kuàng yè) is a leading Chinese gold, copper and non-ferrous metals producer and refiner in Mainland China. It is one of the largest Chinese gold producer in China. It now operates the Zijinshan Gold Mine, the largest open pit gold mine in China, and other three gold mines in production.

Zijin Mining Group Co., Ltd is a high-tech benefit-oriented super-large international mining group centered on exploration and development of gold and base metals, listed in Hong Kong Stock Exchange in December 2003 (Stock name: Zijin Mining, stock code: 2899) and issuing its A Shares in April 2008 (Stock name: Zijin Mining, stock code: 601899) at the face value of CHY0.1 per share, the first of its kind in China’s A Share market.

Formerly known as Fujian Province Shanghang County Mining Company, Zijin Mining Group participated in the development of the Zijin Mountain in 1992, possessing then 76 employees and total assets of CHY3,517,000.00 and in the same year, producing 8.05kg gold and realizing sales income of CHY1,693,000.00 and total profits of CHY48,700.00. To keep pace with the times, the company succeeded in transformation to limited liability company and joint stock company respectively in 1998 and 2000 and thereafter embarks upon its miraculous journey of development.

Trudging through hardships and hard works for more than a decade, Zijin People have worked wonders one after another with its explosive growth in economic benefits. As of June 30, 2008, Zijin Mining Group has total assets of CHY25,599,000,000.00, sales revenue of CHY8,212,000,000.00 and net profits of CHY1,742,000,000.00. Zijin Mining Group has been evolved into a large mining group with its holding subsidiaries spreading over 20 provinces in China and 7 foreign countries and has become China’s largest owner of metal mineral resources, China’s largest gold producer, China’s third largest copper producer, and one of China’s 6 major zinc producers.

In March 2008, Zijinshan Gold-Copper Mine, the core business of Zijin Mining Group, was appraised as China’s Largest Gold Mine by China Gold Association for its largest usable reserves, largest mining and dressing scale, largest output, lowest grade of crude ore, lowest unit processing cost, and the best economic benefit.

Zijin Mining Group has been advancing with every passing day, but what remains unchanged is the ‘enterprising and innovative’ spirit, the philosophy of ‘vitalizing enterprise by mines, contributing to our country and benefiting the people’, the values of ‘coordinated development among the enterprise, employees and the society’, and the operating concept of ‘human-centered pursuit for excellence’. Zijin Mining Group has been trying to become ‘global major gold and non-ferrous metal producer’ and ‘high-tech benefit-oriented super-large international mining group’.