5 Moon 26 On [date], Zijin Mining joined hands with two global mining giants, Ivanhoe and Barrick, to forge a strategic partnership aimed at jointly developing world-class, super-large copper and gold mines.

According to the agreement signed by both parties, Zijin Mining will separately... 25.2 100 million yuan and 18.2 For a consideration of 100 million yuan, we have acquired the world-class, massive, undeveloped copper mine—Kamoa Copper Mine in the Democratic Republic of the Congo—owned by Ivanhoe Mines. 49.5% Equity and BHP’s large, producing gold mine, the Pogo Gold Mine in Papua New Guinea. 50% the rights and interests, the copper and gold resource reserves of the two mines are as follows: 2416 Ten thousand tons, 285 Ton.

According to reports, the Kamoa copper mine was originally owned by Ivanhoe, a Canadian publicly listed company. 95% The shares represent one of the company’s three core mining assets. Located within the Central African Metallogenic Belt, this project boasts the largest resource reserves and highest grade among currently undeveloped copper mines worldwide, and it is also the largest copper mine acquired by a Chinese enterprise overseas to date. The average grade of this copper mine is... 2.67% Resource reserves are expected to break through. 3000 10,000 tons, and this project is located adjacent to the Kolwezi copper mine in the Democratic Republic of the Congo, which is currently under construction by Zijin Mining. 20 kilometers, with promising prospects for large-scale clustering and synergistic effects. According to Zijin Mining’s plan, upon completion of this project, the first-phase annual production will be... 15 10,000 tons of copper, and gradually expand to... 30-35 A scale of 10,000 tons.

The Porgera gold mine, located in Papua New Guinea, is owned by Barrick Gold Corporation, the world’s largest gold producer, which is listed in both Toronto and New York. 95% Shares. Due to strategic adjustments, Barrick is focusing on retaining its core assets in the Americas and plans to improve its balance sheet by selling mining assets in Australia, Africa, and other regions, thereby gradually exiting the Asia-Pacific region. This mine is a producing mine with fully equipped facilities and mature technology, with an annual gold production of approximately... 15-16 tons—based on the current gold price, this mine... 5 The projected annual sales revenue is: 7 hundreds of millions of dollars, with strong profitability, and the project ranks among the world’s top producing gold mines. 36 Position, which will add approximately to Zijin Mining. 10% It boasts substantial gold reserves and can partially offset the impact of declining gold production from Zijin Mining’s flagship Zijinshan gold-copper mine.

The signing ceremonies were held separately in Xiamen, and were presided over by Wang Jianhua, President of Zijin Mining.

At the Kamoa Copper Mine ceremony, Chen Jinghe, Chairman of Zijin Mining, pointed out that the development of the Kamoa project represents a significant milestone in Zijin Mining’s internationalization. The comprehensive collaboration between Zijin Mining and Ivanhoe Mines will have a profound impact on the global mining industry. We are committed to ensuring that the project’s development provides high-quality resource support for the “Chinese Dream” and the nation’s “Belt and Road” initiative.

At the signing ceremony for the Bograd gold mine project, Chen Jinghe stated that Barrick Gold Corporation is the world’s largest gold company and a highly respected gold enterprise among Zijin Mining. In recent years, Barrick has undergone certain strategic adjustments, creating an opportunity for our cooperation. Zijin Mining will approach this collaboration with the utmost sincerity, fostering closer and more enduring ties between our two companies. This partnership will play a crucial role in helping Chinese mining enterprises go global. We look forward to working together to bring forth the brilliant “flower of cooperation.”

Robert, Chairman of Ivanhoe Mines, stated that the Kamoa project is currently the world’s largest, highest-grade, undeveloped copper mining project. Previously, there had been... 47 A major international mining company has expressed strong interest. Bringing in Zijin Mining—a strategic partner with robust economic and technological capabilities—will effectively address the funding needs and technical improvement challenges associated with the subsequent investment and development of the copper mine, thereby accelerating its early production. We firmly believe that this move will significantly satisfy the “Chinese dragon’s” appetite for copper, contributing to the growth of China’s economy and enhancing the living standards of the Chinese people. At the same time, we are confident that the development of this project will have a profound impact on Zijin, helping it become China’s largest mining company.

Mr. John, Chairman of Barrick Gold Corporation, stated that Barrick’s senior management and shareholder team share a common dream: to forge deep friendships with China and the Chinese people. Today, Zijin Mining has taken the first step toward a long-term partnership with Barrick—a collaboration that will serve as a successful model for cooperation between Chinese and Western companies.

Industry analysts believe that after years of careful monitoring and strategic reserves, Zijin Mining has successfully acquired large gold and copper mines from Barrick and Ivanhoe during today’s mining downturn. This acquisition will play a crucial role in bolstering the company’s profitability and enhancing its long-term growth momentum. For Zijin Mining, these two mega-scale resource acquisitions represent a bargain—offering exceptional value for money.