Zijin Mining Named “Asia’s Best Mining Company”
Release time:
2016-04-11
Source:
Recently held in Hong Kong 2016 The Asia Mining and Wealth Summit & Expo announced the Outstanding Achievement Awards for Mining Enterprises, jointly judged by leading international mining magazines. Zijin Mining has been recognized for its successful operations in investment and mergers & acquisitions and its outstanding performance in the Asian mining industry. “ Asia’s Best Mining Company Award ” is the only company from Asia to make the list. This award is considered Asia’s most prestigious mining investment award.
2015 The year marked a milestone for Zijin Mining Group in terms of the remarkable success of its overseas mergers and acquisitions. Seizing the opportunity presented by the downturn in the mining industry, the company forged strategic partnerships with global mining giants such as Barrick and Ivanhoe, enabling it to participate in the development of high-quality gold and copper resources internationally at relatively low costs. As a result, the company’s overseas resource reserves have surged, particularly in gold. 758 ton, copper 1587 Ten thousand tons—a landmark event in the mining industry. This stands in stark contrast to the predicament faced by most global mining companies, which are either halting production or selling off assets.
Especially, the average spot gold price has declined for four consecutive years to... 1160 U.S. dollar / The average prices of ounces, Shanghai copper, and Shanghai zinc all declined. 17%、 4.4% of the 2015 This year, Zijin Mining has stabilized overall growth by boosting production capacity, improved growth quality by reducing and reversing losses, and catalyzed exponential growth through financial leverage, thereby overcoming the impact of falling prices on the group’s profits. 21 An impact of 100 million yuan, achieving operating revenue. 743.04 100 million yuan, net profit attributable to the parent company 16.56 hundred million yuan, respectively in the globally announced results. 14 Ranking first and second among major gold companies, the company generated a net cash flow from operating activities of 102.7 100 million yuan, an increase compared to the previous year. 62.5% The company’s operations are stable, with solid fundamentals that are steadily improving.
It is understood that the Asia Mining and Wealth Summit & Expo is a globally influential forum for industry leaders in the mining and metals sector, and it has been held continuously to date. 8 session. The forum is dedicated to promoting investment and capital raising in the Pan-Asian mining region as well as within the international mining industry. This year’s conference attracted participants from 30 several countries and regions 2000 Multiple investors, M&A experts, industry specialists, and including Aspermont 、 Australia's Mining Monthly The participation of several international mining media outlets, including [name of outlet].