Zijin Mining Group Co., Ltd formerly Fujian Zijin Mining Industry Co., Ltd

Joint ventured FUJIAN ZIJIN COPPER CO., LTD. was established in Aug 2004 under ratification by Fujian Provincial Government. The registered capital is RMB 129 million yuan, and majority share holding by ZIJIN MINING GROUP CORPORATION, and actual investment reaches RMB 470 million yuan. The company annual production is 20,000 ton of high precision copper alloy strips, mainly of phosphor bronze, zinc white copper, pure copper and connection frames.

The company occupies 13.5 hectares with construction area of 30,000 square meters, and consists of melting and horizontal continuous casting shop, cold rolling shop and auxiliary shop mainly. Key equipment are imported from famous German and Japanese companies, especially 20-hi rolling mill is top up-to-date copper strip processing equipment in the world. The product can be used in electronics, electrics, automobile, decoration etc industries.  WengfuZijin Chemical Co., Ltd., established in May 2010, is a large-scale phosphor-chemical enterprise jointly established by Wengfu (Group) Co., Ltd., Zijin Copper Co., Ltd. and GuizhouShanshui Logistics Co., Ltd. The Project has integrated the technical advantage of Wengfu Group, resource and location advantages of Zijin Copper and policy advantage provided by the government. The total investment in the first-phase works is about RMB 1,630,000,000 Yuan. The Project has a scale of 100,000 tons/year phosphoric acid through wet purification and 200,000 tons/year diammonium phosphate; it is the supporting phosphor-chemical project for the 200,000 tons/year copper smelting of Zijin Copper Co., Ltd. The Project was commenced in August 2010; the thermal power plant , phosphoric acid plant and diammonium phosphate plant were mechanically completed on December 31, 2011 and were put into production in April 2012; the phosphoric acid purification plant is planned to be completed and put into production by the end of 2012. After the Project is put into production, its annual output value will exceed RMB 2,000,000,000 Yuan.

December 31, 2008 - Zijin Mining Group Co., Ltd., China's leading gold mining and refining company, and its majority shareholder Minxi Xinghang Sate-owned Assets Investment Co., Ltd. plan to establish a 50-50 copper venture.   Named Zijin Copper Co., Ltd., the new firm will register CNY 1 billion in capital and operate a 200,000-ton copper smelting project as its major business. The board of directors of the venture will have six seats, three owned by Zijin Mining.  In line with the feasibility study report, the copper smelting project will need total investment of CNY 2.614 billion, including CNY 2.096 billion for fixed assets and CNY 518 million for start-up fund.  After a 36-month construction, it will be capable of producing 90,000 tons of high-purity copper cathodes, 10,000 tons of standard copper cathodes, 730,000 tons of sulfuric acid, and byproducts of 4.5 tons of gold and 113 tons of silver per year.