ZIJIN MINING GROUP-UNSP ADR Business Summary

Zijin Mining Group (ZIJMY) is a leading multinational producer of gold, copper, and zinc, generating revenue through the exploration, extraction, smelting, and trading of mineral resources. The company operates across four primary business segments: Mining Products (mine-produced gold, copper, and zinc), Refined Products (smelted and processed metals), Trading, and a rapidly expanding Lithium segment, which serves as its core growth engine for the energy transition. As of July 2026, Zijin has solidified its position as a top-three global metal miner by market capitalization, surpassing the RMB 1 trillion threshold. It competes directly with global majors such as BHP, Rio Tinto, and Newmont, distinguishing itself through a high-growth acquisition strategy and a low-cost operational model that places its assets in the first quartile of the global cost curve. Following a major leadership transition on December 31, 2025, the company is currently led by Chairman Zou Laichang and President Lin Hongfu, both of whom possess extensive backgrounds in metallurgical engineering and long-term executive experience within the group. Founder Chen Jinghe, who transformed the company from a local mining entity into a global powerhouse, remains active as Lifetime Honorary Chairman and Senior Advisor. The executive team includes Vice President and CFO Wu Honghui and Joint CFO Cai Xuelin, a highly credentialed international accounting expert. The company is anchored by its largest shareholder, the state-owned Shanghang Minxi Xinghang Investment Company (24% stake), with significant institutional backing from global investors including BlackRock, GIC Private Limited, and UBS Asset Management.