Development strategy of Zijin mining group co., ltd.

1993, the first phase of Zijinshan Gold Mine was completed, with an annual mining and dressing capacity of 50,000 tons and the first gold of that year was 9.3 kg.

1997, Zijinshan Gold Mine has become a mine with an annual output of more than 22,726 tons of gold in China, accounting for 64. 1% of Fujian's gold output, ranking 25th among 92 gold mines with an annual output of more than 22,000 tons.

From 65438 to 0999, Zijinshan Gold Mine produced 2968 kilograms of gold with a profit of more than 50 million yuan. Mining scale, unit infrastructure investment and ton ore cost all rank first in China.

In 2000, Zijinshan Gold Mine completed the fourth technical transformation, fully implemented open-pit mining, and made a major breakthrough in mining and dressing indicators, becoming the gold mine with the largest single mine, the largest mining and dressing scale, the largest gold output, the lowest ore grade, the lowest unit ore treatment cost and the best economic benefit in China. On 2001February 15, Xiamen Zijin Technology Co., Ltd. was established.

On March 6, 20001year, Fujian Zijin Mining Co., Ltd. won the bid for the first unit (6 15 square kilometers) and the fourth unit (308 square kilometers) of Xinjiang East Tianshan copper exploration investment project, with a total area of 923 square kilometers and a term of three years.

200 1, Guizhou Zijin mining co., ltd was established.

At the beginning of 2002, Zijin successfully entered Xinjiang Ashele Copper Co., Ltd. through acquisition.

June 5438 +2003 10, Zijin reorganized the state-owned mine Hunchun Gold and Copper Mine, which suffered serious losses and was on the verge of bankruptcy, and established Jilin Hunchun Zijin Mining Co., Ltd.

At the end of 2004, Bayannaoer Zijin Nonferrous Metals Co., Ltd. was incorporated.

By the end of 2006, Zijin Mining has invested and set up about 80 subsidiaries in more than 20 provinces including Fujian, Xinjiang, Guizhou, Inner Mongolia, Jilin, Qinghai, Tibet, Heilongjiang and Henan. In 2005, he participated in the cooperative exploration project of MWETAUNG nickel mine in Myanmar.

On August 17, 2005, Zijin Mining Group Co., Ltd. officially signed a contract with Canadian Ding Feng Mining Company, and Zijin became the largest shareholder with 2 1% equity. Mr Pierre pettigrew, Canadian Foreign Minister, personally attended the press conference, and he said, "This is a historic event".

In 2006, through the share subscription agreement, it purchased 20% shares and 9.9% warrants issued by Ridge Mining, a listed company in London, England, and became the largest shareholder of the company.

In 2006, through the acquisition of 60% equity of Yunnan Zhong Tao Company, it indirectly held the mining right or exploration right of Daban lead-zinc mine and lead-zinc mine and iron ore resource projects in Hejiang and Xuanguang provinces.

In 2006, it acquired 70% shares of Shandong Yantai Tian Hong Company in the Narita Tolgoi gold mine project in Mongolia, leading the construction and operation of the project.

In 2006, through establishing a joint venture company with Heilongjiang Academy of Geological Sciences-Heilongjiang Zijin Mining Investment Co., Ltd. to jointly invest in Kudun Gold Mine in Russia and Lan Talska Cuprous Nickel Mine Project, Zijin Mining Group actually controlled 42.5% of the shares in Kudun Gold Mine in Russia and Lan Talska Cuprous Nickel Mine Project.

In 2006, it held 70% equity of Russian Novosibirsk Longxing International Investment Co., Ltd. through equity transfer, and led the development of Russian Kizil-Tetek zinc-lead polymetallic mine project.

In April 2007, Xiamen Zijin Tongguan Investment Development Co., Ltd., led by Zijin Mining and jointly funded by Tongling Nonferrous Metals and Xiamen Jianfa, completed a comprehensive tender offer for Monterico, England, and indirectly obtained the development right of Rio Branco, the main asset of Monterico, in northern Peru.