Is Zijin Mining a State-owned Enterprise?

Question 1: Is Zijin Mining Group a state-owned enterprise or a private enterprise? The predecessor of Zijin Mining was a county-owned mining enterprise. In 1998, it established a limited liability company, and in September 2, it successfully reformed its shareholding system to establish a modern joint-stock enterprise composed of 48% state-owned shares, other state-owned legal persons and private shareholders with multiple ownership systems.

Question 2: Is Zijin Mining a state-owned enterprise? Zijin Mining Group Co., Ltd. is a super-large international mining group focusing on the exploration and development of gold and basic metal mineral resources. In December 23, it successfully landed on the Hong Kong stock market (stock abbreviation: Zijin Mining, stock code: 2899), and returned to A shares (stock abbreviation: Zijin Mining, stock code: 61899) in April 28, becoming the first enterprise in the A-share market to issue shares at .1 yuan face value.

Zijin Mining, formerly known as Shanghang Mining Company of Fujian Province, was involved in the development of Zijin Mountain in 1992. At that time, the company had 76 employees and total assets of 3.517 million yuan. In that year, it produced 8.5 kilograms of gold, realized sales income of 1.693 million yuan and total profit of 48,7 yuan. In order to meet the requirements of the development of the times, the company completed the transformation of limited liability companies and joint-stock companies in 1998 and 2, and began a miraculous development journey.

Question 3: China, Zijin Mining Group, is a state-owned enterprise, right? China, Zijin Mining Group, is a state-owned enterprise.

Introduction:

The predecessor of the company is Shanghang County Mineral Company, a wholly state-owned enterprise established in 1986. In August 1993, Shanghang County Mining Company was reorganized into Shanghang County Zijin Mining Corporation, and its main business turned to the development and construction of Zijinshan Gold Mine in Shanghang County. In October 1994, it was renamed Fujian Minxi Zijin Mining Group Co., Ltd.. In September, 2, Fujian Zijin Mining Co., Ltd. was established by Minxi Xinghang Industrial Co., Ltd. as the main sponsor and seven other sponsors, including Xinhuadu Industrial Group Co., Ltd. In April 24, it was renamed Fujian Zijin Mining Group Co., Ltd. In June 24, it was renamed Zijin Mining Group Co., Ltd.

At present, Zijin Mining has formed a product pattern with gold as the main component and copper, lead, zinc, tungsten, iron and other basic metals simultaneously. At present, it has investment projects in more than 2 provinces in China and many countries such as Australia, Tajikistan, Russia Sea, Kyrgyzstan, Peru, Congo (DRC), Babia New Guinea, etc. It is one of the largest gold producers, the second largest copper and zinc producer and an important tungsten and iron producer in China.

Question 4: Does Zijin Mining belong to a state-owned enterprise? At the end of 27, the total share capital of Zijin Mining Group was 1,314,13.91, the promoter state shares were 421,9.21, the promoter state-owned legal person shares were 18,133.2, the domestic promoter legal person shares were 253,764., and the promoter natural person shares were 22,599.5

Obviously state-owned enterprises!

question 5: is Zijin mining enterprise a state-owned enterprise or a private enterprise?

question 6: how did Zijin mining start? The story of Chen Jinghe and Zijin Mining can be completely condensed into one sentence: "Unbelievable"-As the largest gold producer in China, Zijin Mining has doubled its profits almost every year in the past 15 years. From the establishment of the company in 1993 to 27, its sales revenue soared from 5.92 million yuan to 14 billion yuan, an increase of 2362 times; The net profit soared from 554, yuan to 3.8 billion yuan, an increase of 6,859 times.

However, there are sharp differences on how Chen Jinghe can do this. Is he an asset predator who takes advantage of people's danger, or has he discovered the alchemy of gold mining, which can turn waste into treasure and turn state-owned garbage into a lot of cash?

Take a long-distance bus from Xiamen, run westward along Wuyi Mountain, and drive on the winding expressway of Chongshan for 3 hours. You will meet a gold mine named Zijinshan, standing on the edge of the weathered mine and looking down, you will see an open pit composed of layers of "terraces". This pit with a depth of more than 2 meters is 1 km wide and 1.5 km long. Dozens of forklifts climbed up and down the slope like beetles. After blasting, mechanical shovels transported the stones containing gold to giant loading and unloading vehicles. Through this large-scale open-pit mining, the altitude of Purple Mountain at 1138 meters has been reduced by more than 3 meters. A local official proudly said that in time, the myth of "moving mountains to fill the sea" may come true.

As the largest single open-pit gold mine in China, Zijinshan Gold Mine produced 8.1 tons of gold in the first half of this year, and it is estimated that the annual output will exceed 17 tons. In Zijin Mining, its status is extremely prominent ―― it contributes nearly one-third of the gold production to the company every year.

however, more than ten years ago, Zijinshan gold mine was only evaluated as a small and medium-sized deposit. From 1984 to 1995, after the geological exploration of Zijinshan gold and copper mine by the Ministry of Geology lasted for 11 years, the Gold Administration of the State Economic and Trade Commission approved that the industrial reserve of Zijinshan gold mine was only 5.45 tons, with an average grade of 3.24 g/ton. As a poor mine with low mining value, Zijinshan Gold Mine was almost sentenced to death by the Ministry of Geology and China Gold Association.

However, Chen Jinghe, a technical background, obviously doesn't believe this official data. Based on the rich experience accumulated in mineral exploration in Zijinshan for many years, Chen Jinghe used the new process route and evaluation technology to make a lot of supplementary exploration and increase reserves. He then concluded that under the existing market price and mining technology conditions, the available gold reserves of Zijinshan Gold Mine reached more than 2 tons, reaching a super-large scale. In addition, according to his bold inference of "gold on top and copper on the bottom", a copper mine with a reserve of more than 2.5 million tons was also found here.

This rediscovery has enabled Zijin Mining to start a leap-forward development process, and gold and copper worth tens of billions of yuan have been continuously mined. According to the data of China Gold Association, the total mineral gold in 25 was 178.556 tons, of which Zijin Mining accounted for 8.55%, ranking first in the country. The national gold enterprises realized a total profit of 4,36.2 million yuan, of which Zijin Mining accounted for 22.39%.

The reason why Zijin Mining can achieve the first benefit in the industry is that it starts from details everywhere and carefully calculates to reduce costs. At present, the average ore grade of the No.1, No.2 and No.3 mining areas in Zijinshan is about .6g/ ton, .5g/ ton and .3g/ ton. Generally, gold companies regard such a low grade as a chicken rib, but in Chen Jinghe's eyes, it is an out-and-out "rich mine".

Chen Jinghe's "gold rush" from low-grade gold mines is his unconventional mining technology. In China, the conventional mining process of gold mine is to buy a large grinding machine, grind the ore into powder, gradually separate mercury gold and gold fine powder, and then smelt. However, after repeated consideration, Chen Jinghe chose a heap leaching process that is not commonly used in the south: a large number of ground ores are piled together and the gold in the ores is diluted with chemical solution.

The technical secrets of Zijinshan Gold Mine have been continuously applied to the mining of other gold mines that Chen Jinghe later acquired. At present, the comprehensive cost of domestic gold enterprises is above 8 yuan /g, and the comprehensive cost of Zijin Mining has been controlled below 6 yuan /g ―― the cost is so low that it is one of the magic weapons for Zijin Mining to make high profits.

Rapid expansion

In 1982, Chen Jinghe was a newly graduated college student. In that year, he graduated from the Geology Department of Fuzhou University and was assigned to a mining company in Shanghang County. Shanghang County is a Fujian province 2 kilometers away from Xiamen ... > >

Question 7: Is Zijin Mining Group a state-owned enterprise? At the end of 27, the total share capital of Zijin Mining Group was 1,314,13.91, the sponsors' state shares were 421,9.21, the sponsors' state-owned legal person shares were 18,133.2, the domestic sponsors' legal person shares were 253,764., and the sponsors' natural person shares were 22,599.5

Obviously state-owned enterprises!

question 8: where is Zijin mining? No.1 Zijin Avenue, Shanghang County, Longyan City, Fujian Province

Question 9: How many people have been recruited by Fulaerji Zijin Mining? There is no official statement about pollution now, and we will know after experts test it.