Zijin Mining Group | South China Morning Post
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  • Jan 31, 2015
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Zijin Mining Group

Zijin Mining Group is one of the largest Chinese gold producers in China, and operates the Zijinshan Gold Mine. It paid US$240 million for control of Australia’s Norton Gold in 2012.

Low gold price spells lacklustre profit outlook for Zijin

Zijin's flagship Zijinshan mine is on its last legs. Photo: AP

Zijin Mining, China's largest gold producer, is being hit by a lower gold prices and a decline in the gold content of ore at its mainstay mine.

Saturday, 12 April, 2014, 1:52am 1 comment

Zijin agrees deal to buy Australia's Norton Gold

Shares in Zijin Mining Group, China's biggest gold producer by value, jumped yesterday after it unveiled an agreement to increase its stake in an Australian gold mine.

The Fujian-based mining company said on Thursday night that it had agreed to buy the shares of Norton Gold Fields it did not already own for about A$180.3 million (HK$1.36 billion).

2 Jun 2012 - 12:00am

Zijin budgets 5b yuan for foreign acquisitions

Zijin Mining Group, China's largest gold producer by output, whose war chest has been bolstered by a recent bond issue, has budgeted 5 billion yuan (HK$6.06 billion) to acquire overseas assets.

The privately owned firm raised US$480 million last month from the issue of bonds backed by a standby letter of credit from Bank of China.

11 Aug 2011 - 12:00am

Zijin has golden year despite pollution woes

Gold miner Zijin Mining Group, which was embroiled in a major pollution incident last year, says its net profit rose 36 per cent, thanks to higher prices for the precious metal.

1 Apr 2011 - 12:00am

Zijin Mining probed over disclosure breach

Zijin Mining Group, China's largest gold miner and third-largest copper producer, is being investigated by the China Securities Regulatory Commission in relation to 'the violation of law and regulations of information disclosure'.

30 Mar 2010 - 12:00am

Zijin trade halt flags move on speculators

Regulator shows intolerance as it suspends gold miner after a debut surge of 208.56pc

Mainland regulators signalled a crackdown on wild speculation on the nation's stock markets, suspending the trading debut of Zijin Mining Group yesterday after its shares soared as much as 208.56 per cent.

26 Apr 2008 - 12:00am

Zijin Mining public offering subscriptions exceed 2 trillion yuan

Zijin Mining Group's A-share offering drew subscriptions of more than 2 trillion yuan (HK$2.23 trillion) from public investors, beating analysts' expectations, a source said.

Investors were betting that the gold miner will trade at a premium on its first trading day.

17 Apr 2008 - 12:00am

Zijin Mining bows to weak sentiment and cuts offer

Zijin Mining Group, the mainland's second-largest gold miner, scaled down its A-share initial public offering, bowing to weak market sentiment.

Essence Securities, underwriter of the float, said yesterday it was cautious on the offer's outlook, admitting the price may not be set at the top end.

16 Apr 2008 - 12:00am

Zijin readies A-share IPO to aid foreign push

Zijin Mining Group, the mainland's second-largest gold miner, will start selling 1.5 billion A shares next week as the company moves to speed up overseas acquisitions.

The company received regulatory approval for its initial public offering on December 26 but had faced delays because of the volatile market conditions. The share sale could start as early as Monday.

4 Apr 2008 - 12:00am

Zijin plans 10pc gold output increase

Fujian-based Zijin Mining Group, the largest mainland gold miner in terms of market value, is planning to raise gold output 10 per cent. The move is to capitalise on the continuing rise in precious metals after the group announced a big jump in its profits last year.

10 Mar 2008 - 12:00am

Zijin secures 10b yuan in financing

Zijin Mining Group, the largest mainland gold miner by market value, has signed a 10 billion yuan global project financing deal with Bank of China, shortly after announcing a possible tie-up with Australia's Midas Resources to develop a mainland mine.

24 Jan 2008 - 12:00am

Zijin Mining raises income 81.5pc

Zijin Mining Group, a mainland gold miner, cut its gold and copper production target for this year after reporting an 81.5 per cent surge in first-half profit.

17 Aug 2007 - 12:00am

Zijin Mining seeks to acquire Tajikistan pits

Hong Kong-listed Zijin Mining Group, a leading mainland gold miner, is in talks to buy London-listed Avocet Mining's gold operations in Tajikistan, further expanding its overseas resources.

28 Jun 2007 - 12:00am

Company profile - Zijin Mining Group

Zijin Mining Group's principal activity is the exploration and development of mining resources, particularly gold mines. Other activities include geological studies and a mining technique consultancy.

11 Jun 2007 - 12:00am

Zijin mulls base metals spin-off

Zijin Mining Group, one of the mainland's largest gold miners, might spin off its growing base metals business to give a more appropriate valuation for its gold and base metals operations, chairman Chen Jinghe said.

12 Mar 2007 - 12:00am