Top China Metal Miner’s Profit Surges 52% on Copper, Gold Prices
Worker handles copper plates at a Zijin Mining Group copper electrolysis plant at the Zijinshan mine in Longyan, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Zijin Mining Group Co., China’s biggest metals producer, saw profit surge 52% last year on higher output, and rising prices of copper and gold.
Net income rose to 32.1 billion yuan ($4.4 billion), the Fujian-based company said in an exchange filing, while sales climbed 3.5% to 303.6 billion yuan. The company had expected earning to increase 53% to 32 billion yuan.