Zijin Mining Group Co., Ltd. operates as a mining conglomerate in China. It primarily engages in the exploration, mining, processing, refining of gold and non-ferrous metals and other mineral resources, and the sale of mineral products. The company invests and controls 14 subsidiaries and produces approximately 10 tones of gold a year. As of December 31, 2004, the company had the proven reserves of approximately 315 tones gold metal, approximately 3,450,000 tones of copper metal, approximately 600,000 tones of zinc metal and approximately 187,890,000 tones of iron metal. As of the same date, the company also obtained the 59 exploration rights for approximately 1,612.79 sq. km. The Company possesses Zijinshan Gold Mine (which is the single open pit gold mine in the PRC); Guizhou Shuiyindong Gold Mine; Jilin Hunchun Gold-Copper Mine; and Anhui Guichi Paodaoling Gold Mine, all of them are in operation, as well as Xinjiang Ashele Copper Mine, Fujian Zijinshan Copper Mine, Anhui Tongling Jiaochong Gold Mine and Sichuan Jiuchaigou Caodi Gold Mine, all of them are under construction, together with other exploration projects. In 2004, the company produced 10,663 Kgs of gold. Guizhou Shuiyindong Gold Mine produced 1457 kg of gold in 2004 and reported 56.62 tones of gold reserve at 1.95 g/t grade. Hunchun Zijin's 4000t/d ore-processing plant was built and in operation in August 2004. The total ore process capacity of the mine reached 5000t/c. In 2004, the mine produced copper concentrates consists of 618 kg gold and 2,264 tones of copper. Ashele copper mine produced 4,798 tones of copper concentrates with copper reaching 823 tones. Paodaoling Gold Mine's production facilities primary ore were in operation, and it coordinated the production of oxide gold ore and primary gold ore. Xinjiang Mengku Iron Mine produced 26,000 tones of iron concentrated in the year 2004. Fujian Zijina Investment Co., Ltd. invests and obtains actual progress in copper manufacturing plant, electricity plant, ore processing chemical plants, standard factory construction and mine explorations. As of December 31, 2004, Zijinshan Gold mine had 162 tones of gold reserve at 0.3 g/t grade or above, and 173 tones at 0.2 g/t grade or above; Sichuan Jiuzhaigou Caodi Gold Mine had 36.576 tones of gold reserve; and Guizhou Huajiangbeixie Coal Mine covers an area of 34 sq. km, had a reserve of approximately 60 million tones. In April 2005, the company entered into an agreement with Western Mining Co, Geology Team No. 6, Changdu Co and Mining Development Co. four independent parties to set up a mining joint venture in northwest China. The joint venture would be mainly engaged in the development of the Tibet Yulong copper mine, which has 6.5 million tons of approved reserves of copper. Significant Events In December 2008, Zijin Mining Group Co., Ltd. has entered into a contract to form a joint venture with Minxi Xinghang State-Owned Assets Investments Co. Ltd. to build a copper refinery in Shanghang, Fujian. History Zijin Mining Group Co., Ltd. was incorporated in 2000. The company was formerly known as Fujian Zijin Mining Industry Co., Ltd. and changed its name to Zijin Mining Group Co., Ltd. in 2004.
zijin mining group co ltd-a
1 Zijin Road
|Antofagasta PLC||733.50 GBp||+1.00|
|First Quantum Minerals Ltd||C$15.69 CAD||+0.34|
|Goldcorp Inc||C$24.00 CAD||+1.07|
|Newcrest Mining Ltd||A$13.73 AUD||+0.59|
|Newmont Mining Corp||$22.72 USD||+1.01|
|View Industry Companies|
Sponsored Financial Commentaries
To contact ZIJIN MINING GROUP CO LTD-A, please visit www.zjky.cn. Company data is provided by Capital IQ. Please use this form to report any data issues.