Zijin Mining Group Co., Ltd. announced that it would provide a loan guarantee of up to 0.2 billion USD or equivalent currency for its controlling subsidiary, Serbia Zijin Copper Co., Ltd. (referred to as 'Zijin Copper'). This guarantee will be used by Zijin Copper to apply for loans from Bank Of China (Serbia) Ltd. and Bank Of China Luxembourg Branch, with a guarantee period not exceeding 4 years. This guarantee has been authorized by the company's 2023 annual Shareholder meeting.As of the announcement date, the outstanding guarantee provided by Zijin Mining for Zijin Copper is 0.478 billion USD. Zijin Copper is 63% owned by Zijin Mining and as of September 30, 2024, it has total Assets of 3,691.2821 million USD, total liabilities of 2,141.4398 million USD, net...Show More

Zijin Mining Group Co., Ltd. announced that it would provide a loan guarantee of up to 0.2 billion USD or equivalent currency for its controlling subsidiary, Serbia Zijin Copper Co., Ltd. (referred to as 'Zijin Copper'). This guarantee will be used by Zijin Copper to apply for loans from Bank Of China (Serbia) Ltd. and Bank Of China Luxembourg Branch, with a guarantee period not exceeding 4 years. This guarantee has been authorized by the company's 2023 annual Shareholder meeting.As of the announcement date, the outstanding guarantee provided by Zijin Mining for Zijin Copper is 0.478 billion USD. Zijin Copper is 63% owned by Zijin Mining and as of September 30, 2024, it has total Assets of 3,691.2821 million USD, total liabilities of 2,141.4398 million USD, net Assets of 1,549.8423 million USD, and a debt-to-asset ratio of 58.01%. The company believes that this guarantee is beneficial for the stable and sustainable development of Zijin Copper, aligns with the company's actual Operation and overall development strategy, and that the overall guarantee risk is controllable.As of the announcement date, the actual external guarantees provided by Zijin Mining Group (including guarantees for wholly-owned and controlling subsidiaries) amount to 39,973.6205 million RMB, accounting for 37.18% of the audited net Assets attributable to the parent company for the 2023 fiscal year. Among these, guarantees for wholly-owned and controlling subsidiaries account for 94.64%, reaching 37,829.5385 million RMB. The company currently has no overdue external guarantee situations.