• Zijin Mining aims to reach its 2030 targets two years early, aspiring to be a top three global copper producer and a lithium sector leader by 2028.

• Investments in world-class copper bases and innovative mining techniques underscore Zijin Mining's rapid development.

• Zijin Mining consistently surpasses production targets for key minerals, showcasing its strategic acumen.

On May 16th, Zijin Mining unveiled its new “Five-Year Development Plan,” which involves reaching its 2030 Development Goals two years ahead of the initial timeline.

If successful, this move will position Zijin as one of the top three global copper producers and a leader in lithium carbonate equivalent (LCE) production worldwide.

Main Minerals Production Targets for the Next Five Years

                                                                                    Note: The targets for 2025 have been adjusted from the initial guidance.

Rapid Growth Driven by Strategic Acquisitions and Organic Expansion

Over the past decade, copper has been Zijin Mining’s fastest-growing commodity. The company is the only top copper miner to exceed mined copper production guidance for five consecutive years.

Continuous capacity expansion from three world-class copper bases – the Kamoa Copper Mine in the DRC, the Julong Copper Mine in Xizang, China, and the Čukaru Peki Copper-Gold Mine in Serbia – coupled with a robust acquisition strategy inspire confidence in the company’s ability to meet its production commitments.

Furthermore, the company’s utilization of over 30 million tonnes of resources from deep-seated porphyry copper deposits through the block-caving method ensures safe, large-scale, efficient, and cost-effective mining, propelling it into its next growth phase.

Diversified Portfolio for Continued Growth

The company’s guidance indicates growth in other metals, such as lithium carbonate equivalent (LCE), molybdenum, and silver, in the next five years, in addition to a nearly 10% compound growth rate in the company’s traditional strengths of copper and gold.

Lithium is Zijin Mining's new growth driver in the renewable energy and advanced materials segment. The “Two Lakes Two Mines"—Zijin's lithium projects—are poised to position the company as one of the world’s most significant lithium producers within five years.

Strategic Planning for Ambitious Targets and High Performance

Over the past decade, Zijin Mining has been disclosing targets for its main products on an annual basis or for periods spanning three to five years. The average accomplishment rates in this decade were 104% for copper, 96% for gold, 96% for zinc (lead), 97% for lithium, 112% for silver, 135% for molybdenum, and 111% for iron.

Industry observers attribute these precise and high completion rates to Zijin’s exceptional strategic planning and execution capabilities.

In 2023, following three years of achievements and changes in the external environment, the company refined its goals, aiming to join the global top rank by 2030 in comprehensive business performance metrics.

With growth speed surpassing expectations, Zijin Mining has decided to revise its timeline of becoming a global leader: it will now strive to meet the major goals initially set for 2030 by 2028, aspiring to completely establish an advanced global operational management system alongside an ESG-oriented sustainable development system. The ultimate goal is to attain competitiveness and comparative advantages in the global mining industry and realize the ambition of becoming a green, high-tech, leading global mining company.

Translator: Jian     Reviser: Lin Xinjing   Editor-in-Chief: Wang Jie