Zijin Mining Group (02899.HK) released its unaudited operational report for the first half of 2024. The report shows that the company achieved a total profit of 21.6 billion RMB, a year-on-year increase of 38.9%; the net profit attributable to the parent company was 15.1 billion RMB, a 46.4% annual increase; the net cash flow from operating activities amounted to 20.4 billion RMB, a 27.6% year-on-year increase. In terms of industry position, Zijin Mining Group ranks 267th among the Forbes Global 2000 companies, is the top gold company globally, ranks fifth among global metal mining enterprises, and 364th in the Fortune Global 500. Regarding resource reserves, the company's equity resources increased by 6.197 million tons of copper and 53.71 tons of gold. Project progress indicates that the third phase...Show More

Zijin Mining Group (02899.HK) released its unaudited operational report for the first half of 2024. The report shows that the company achieved a total profit of 21.6 billion RMB, a year-on-year increase of 38.9%; the net profit attributable to the parent company was 15.1 billion RMB, a 46.4% annual increase; the net cash flow from operating activities amounted to 20.4 billion RMB, a 27.6% year-on-year increase. In terms of industry position, Zijin Mining Group ranks 267th among the Forbes Global 2000 companies, is the top gold company globally, ranks fifth among global metal mining enterprises, and 364th in the Fortune Global 500. Regarding resource reserves, the company's equity resources increased by 6.197 million tons of copper and 53.71 tons of gold. Project progress indicates that the third phase of the Kamoa Copper Mine was completed six months ahead of schedule, and the planned 2.4 million tons per year ore selection and 5 tons per year gold smelting project at the Saivaionton Gold Mine was completed. In terms of technological innovation, Zijin Mining Group established the Central Research Institute and won the National Science and Technology Progress Second Prize. In terms of ESG performance, the company's global operational management system has been improved, the international talent structure has been optimized, and the company successfully issued USD 0.5 billion H shares and USD 2 billion convertible bonds. In terms of shareholder and employee benefits, the company distributed a total of 5.27 billion RMB in cash dividends in 2023, and 2.66 billion RMB in mid-2024, and fully implemented the 2023 employee stock-based incentive plan. Regarding environmental protection, the company invested 0.667 billion RMB in environmental protection, planted over 0.4 million trees, and restored over 2.7 million square meters of vegetation. In terms of rural revitalization, the company invested approximately 72.91 million RMB to consolidate poverty alleviation achievements. Regarding employee structure, the company has a total of 51,980 employees, including 26,239 in mainland China and 25,741 overseas. In terms of training and development, the company continues to provide various training programs for different employee groups. On environmental compliance, all subsidiaries comply with local environmental regulations and undergo regular self-monitoring.