Group 1 - The core point of the article is that Zijin International Holdings Limited has increased its registered capital from 12 billion yuan to 18 billion yuan [1] - The company was established in 2020 and is wholly owned by Zijin Mining Group [1] - The legal representative of the company is Lan Jianming, and its business scope includes investment activities, corporate headquarters management, and park management services [1]

Core Viewpoint - Chizhou Zhuzhuang Mining Co., Ltd. has been established with a registered capital of 20 million yuan, focusing on mineral resource exploration and related services, with significant shareholding from Zijin Mining Group [1][2]. Company Information - The registered capital of Chizhou Zhuzhuang Mining Co., Ltd. is 20 million yuan [1]. - The company is located in Guichi District, Chizhou City, Anhui Province, and is classified as a limited liability company [2]. - The company was officially registered on September 3, 2025 [2]. Business Scope - The business scope includes mineral resource exploration, resource reserve assessment services, geological exploration technical services, and air pollution control [1][2]. - Additional services offered include solid waste management, engineering management services, domestic trade agency, and supply chain management [2]. Shareholding Structure - Zijin Mining Group holds a 52.13% stake in the company, contributing 10.426 million yuan [2]. - Anhui Jiaochong Mining Co., Ltd. holds a 47.87% stake, contributing 9.574 million yuan [2].

Summary of Zijin Mining (2899.HK) Conference Call Company Overview - **Company**: Zijin Mining (2899.HK) - **Event**: Asia Leaders Conference 2025 - **Date**: September 4, 2025 - **Location**: Hong Kong Key Industry Insights Copper Expansion - Zijin Mining is experiencing a strong volume growth outlook for its copper projects in Tibet, which is faster than previously expected - Key projects include: - Julong Phase II, expected to complete construction by the end of 2025 - Zhunuo, set to complete construction in the second half of 2026 - Xietongmen, anticipated to start operations in 2027 - Projected copper output from Tibet is expected to increase to **440-500kt** when all three projects are fully ramped up, compared to **170kt** in 2025, contributing to a total copper output of **1.4mnt** by 2028E - Combined with growth in Serbia, Zijin is on track to meet its copper volume target of **1.5-1.6mnt** by 2028E, even without growth from Kamoa [5][5][5] Competitive Strengths - Zijin's unique strength lies in its mining operations, developed from its inception by focusing on low-grade mines - The company has built technical expertise in low-grade mine development, difficult ore beneficiation, and large open-pit mine operations - An in-house team comprising mining, beneficiation, exploration, smelting, R&D, construction, trading, and logistics enhances its competitive edge - The core management team consists of professional mining engineers, further strengthening operational capabilities [5][5][5] Cost Trends - Unit production costs for gold and copper increased by **15%** and **8%** year-over-year in the first half of 2025, respectively - Cost increases attributed to: - Decline in ore grades in Timok-upper, Columbia, and Rosebel gold projects - Changes in strip ratios and transportation distances - Impact from newly acquired projects, including La Arena and Akyem, which face high depreciation and amortization before open-pit mining life extension - Zijin aims to improve operations and reduce costs in the second half of 2025, targeting a full-year unit COGS increase of **5-8%** year-over-year for mined copper and gold [6][6][6] Project Updates - **Shapinggou Moly Project**: Zijin has completed **84%** of the stake acquisition, with total moly resources of **2.34mnt** and an average ore grade of **0.143%**. Expected annual moly production is **20kt** when fully ramped up, increasing total output to **30-40kt**. Construction is projected to take **3-4 years** [5][5][5] - **Lithium Projects**: The Laguocuo brine project has resumed production, while the Hunan lepidolite mine and 3Q brine project in Argentina are ready to launch operations in the second half of 2025, contingent on stable lithium prices. However, Zijin has downplayed its 2025E lithium volume target of **40kt LCE** due to weak pricing [5][5][5] Financial Projections - **12-Month Price Target**: - HK$30.00 for Zijin Mining (H) - Rmb31.00 for Zijin Mining (A) - Current prices: HK$26.68 and Rmb23.87, indicating potential upsides of **12.4%** and **29.9%**, respectively [9][9][9] - **Market Cap**: HK$709.1 billion / $90.9 billion - **Revenue Projections**: Expected to grow from **303,640 million Rmb** in 2025E to **334,123 million Rmb** in 2026E [9][9][9] Risks - Earnings sensitivity to commodity prices: - **3.1%** change in earnings for every **US$100/oz** change in gold price - **2.2%** change for every **US$0.10/lb** change in copper price - Risks associated with project execution and slow progress, which are critical for sustaining growth - Currency and country risks related to overseas assets [8][8][8]

Group 1 - A new company, Chizhou Zhuzhuang Mining Co., Ltd., has been established with a registered capital of 20 million RMB [1] - The legal representative of the company is Kang Xu [1] - The company's business scope includes mineral resource exploration, mineral resource reserve assessment services, and geological exploration technical services [1] Group 2 - The shareholders of the company are Zijin Mining and Anhui Jiao Chong Mining Co., Ltd. [1]

Core Insights - Copper is identified as a "strategic metal" for energy transition electrification, with demand expected to exceed 40 million tons in the next 20 years [4] - Gold serves as a "ballast" for financial security, with investment demand for gold and its derivatives having no upper limit, especially in complex global economic conditions [4] - Lithium is referred to as "white oil," currently undergoing a "capacity reduction" process, indicating significant future potential [4] Industry Trends - The rapid rise of new technologies and industries, particularly in renewable energy and artificial intelligence, is driving a substantial increase in demand for key new energy minerals [4] - The global mining market is entering a "new windfall," necessitating international cooperation and resource sharing to enhance the supply security of critical minerals [3] Company Performance - Zijin Mining Group reported record-high performance indicators for the first half of the year, achieving revenue of 167.71 billion yuan, a year-on-year increase of 11.5%, and a net profit of 23.29 billion yuan, up 54.41% [5] - The company has successfully turned around five previously loss-making overseas mines within a year, demonstrating its capability for independent research, design, and development in the mining sector [5] Corporate Responsibility - Zijin Mining emphasizes its commitment to corporate responsibility, which is seen as a key factor in its competitive advantage, by fostering local economic development and maintaining good relationships with local governments and communities [5] - The company aims to build a high-standard ESG (Environmental, Social, and Governance) system, achieving zero wastewater discharge in its mining operations and restoring sites during the construction phase [5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購任何證券的邀請或要約，亦並非旨在 邀請此等要約或邀請。具體而言，本公告不構成且亦非於美國或任何其他司法權區 出售或邀請或招攬購買或認購任何證券之要約（若根據有關司法權區的證券法，有 關要約、招攬或出售在未有註冊或達致資格前屬非法）。紫金黃金國際的證券並無 根據美國一九三三年證券法（經修訂）（「美國證券法」）登記，亦不會於未作登記或未 獲豁免遵守美國證券法之登記規定之情況下於美國境內提呈發售或出售。任何於美 國進行之證券公開發售，將通過招股章程之方式進行，而相關招股章程將載有紫金 黃金國際及其管理層之詳細信息，以及其財務報表。現時本公司無意將紫金黃金國 際證券任何部分於美國進行登記或於美國進行公開發售。 Zijin Mining Group Co., Ltd.* 紫 金 礦 業 集 團 股 份 有 限 公 司 （一家於中華人民共和國註冊成立的股份有限公司） （股票代碼 ...

Group 1 - The company Zijin Mining (601899)(02899) announced a mid-term dividend distribution of 2.2 yuan per 10 shares for the six months ending June 30, 2025 [1]

Group 1 - The company, Zijin Mining (02899), announced a mid-term dividend of 2.2 yuan per 10 shares for the six months ending June 30, 2025, to be distributed on October 17, 2025 [1]

| 上市權證/可轉換證券名稱及代號 | 金極資本有限公司發行及由本公司擔保的於2029年到期之2,000,000,000美元1.0%有擔保 | | --- | --- | | | 可換股債券（股票代碼：5034） | | 為享有股息權利而行使轉換權之最後 | 2025年9月2日 16:30 | | 時限 | | 其他信息 EF001 免責聲明 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | --- | --- | | | 股票發行人現金股息公告 | | 發行人名稱 | 紫金礦業集團股份有限公司 | | 股份代號 | 02899 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 05034 GPCCL B2906 | | 公告標題 | 截至2025年6月30日止6個月的中期股息（更新） | | 公告日期 | 2025年9月5日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 就本公司日期為2025年8月2 ...

有關代扣代繳 2025 年度中期股息之個人所得稅 茲提述紫金礦業集團股份有限公司（「本公司」）日期為 2025 年 4 月 14 日的通函、日期為 2025 年 8 月 26 日的截至 2025 年 6 月 30 日止 6 個月未經審計之中期業績公告及有關中期股 息的記錄日期及暫停辦理 H 股股份過戶登記手續的公告，其中有關分派本公司截至 2025 年 6 月 30 日止 6 個月的中期股息（「2025 年度中期股息」）。 根據國家稅務總局於 2011 年 6 月 28 日發佈的《國家稅務總局關於國稅發[1993]045 號文件 廢止後有關個人所得稅徵管問題的通知》（國稅函[2011]348 號）（「國稅局通知」），及 香港聯合交易所有限公司於 2011 年 7 月 4 日發出的題為《有關香港居民就內地企業派發股 息的稅務安排》的函件（「聯交所函件」），持有境內非外商投資企業在香港發行的股票的 境外居民個人股東，可根據其居民身份所屬國家與中國簽署的稅收協定及內地和香港或澳門 間稅收安排的規定，享受相關稅收優惠。 本公司將根據上述稅務機關意見及有關稅務法律法規（包括《國家稅務總局關於印發〈非居 民享受稅收協定待 ...