On March 19, Zijin Mining Group Company Limited(601899) released its annual report for 2021. The company’s operating indicators achieved leapfrog growth and reached the highest level in history. Both revenue and total assets exceeded the 200 billion yuan mark. The total profit of the whole year was 24.8 billion yuan, and the net profit attributable to the parent company was 15.7 billion yuan, an increase of 141% year-on-year. The net cash flow for operation was 26.1 billion yuan. It is planned to distribute 2 yuan of cash dividend for every 10 shares, and the amount of dividend is about 5.3 billion yuan, an increase of 67% year-on-year.
At the same time, thanks to the production of three world-class copper mines, including kamoa kakula copper mine, Peggy copper gold mine and Julong copper mine, the company’s copper and gold resource reserves, mineral product output, sales revenue, net profit attributable to the parent company and other key indicators are close to or in the top 10 in the world. All major overseas indicators surpass China, indicating that Zijin Mining Group Company Limited(601899) has entered the ranks of world-class metal mining companies.
The announcement shows that the company’s main mineral products will achieve 584000 tons of mineral copper, 47.5 tons of mineral gold, 434000 tons of mineral zinc (lead), 309 tons of mineral silver and 4.25 million tons of iron concentrate in 2021, with a year-on-year increase of 29%, 17%, 15%, 3% and 10% respectively. Among them, the copper production capacity has increased significantly, becoming one of the companies with the fastest and largest growth of mineral copper production in the world. The gross profit margin of the company’s mineral products increased significantly, reaching 58.98%, and its profitability was better than the industry average.
Good operation and management performance has further recognized the company’s value in the global capital market Zijin Mining Group Company Limited(601899) a shares are included in FTSE China A50 Index and SSE 50 index. The total market value of the company ranks among the top 10 in the market value of global metal mining enterprises. It is noteworthy that in the two years when the global minerals were under pressure due to the epidemic, the Zijin Mining Group Company Limited(601899) value continued to appear, and the market value growth ranked second among the world’s major mining enterprises.
As the “main force” of growth in 2021, Zijin Mining Group Company Limited(601899) said that copper is the core driving force of the company’s future growth. At the same time, relying on the traditional advantages of mining industry, Zijin Mining Group Company Limited(601899) advanced into the blue ocean field of new energy and new materials, and incorporated “white oil” – lithium into strategic metal minerals. The company first completed the acquisition of Argentina’s world-class high-grade 3Q lithium salt lake and obtained about 7.63 million tons of lithium carbonate resources. The first phase is designed to produce 20000 tons of battery grade lithium carbonate annually, which is planned to be completed and put into operation by the end of 2023; At the same time, a green space exploration project is arranged outside the Manono lithium mine in the DRC, the world’s largest hard rock lithium deposit.
Zijin Mining Group Company Limited(601899) said that the transnational operation mode of the company is more mature and efficient, and has become a global enterprise in the metal mining industry. According to the announcement, Zijin Mining Group Company Limited(601899) overseas gold and copper resources, reserves, output and profit contribution comprehensively surpass China, of which overseas resources copper accounts for 76%, gold accounts for 74%, overseas output copper accounts for 53%, gold accounts for 60% and overseas profit contribution reaches 51%.
Facing the future, Zijin Mining Group Company Limited(601899) said that 2022 is the year when Zijin Mining Group Company Limited(601899) realizes the first stage of the ten-year strategic development plan (20212022). The new growth group will continue to stabilize and expand production. The company plans to mine 860000 tons of copper and 60 tons of gold. At the same time, on the basis of achieving the planned objectives in 2022, the company will increase its efforts to promote the implementation of caving mining in four underground large porphyry deposits, including Heilongjiang Tongshan Copper Mine, Fujian Zijinshan lobling copper (molybdenum) mine, Serbia bor copper mine JM copper mine and Serbia chukalu peji copper gold mine lower belt mine, and strive to form an annual copper production capacity of more than 200000 tons; At the same time, accelerate the realization of the new annual 200000 copper metal production capacity of Tibet Julong copper mine phase II project and the new annual 120000 tons equity copper metal production capacity of kamoa copper mine phase II project and some phase III projects in the Democratic Republic of the Congo, and strive to break through the published copper production plan in 2025. (Zou Dandan)
