
Core Viewpoint - Zijin Mining is planning to restructure its overseas gold mining assets and apply for the listing of its subsidiary, Zijin Gold International, on the Hong Kong Stock Exchange [1][4] Group 1: Asset Details - The assets to be spun off for the Hong Kong listing include eight large gold mines located in South America, Central Asia, Africa, and Oceania [1] - The eight mines are: 1. Buriticá Gold Mine (Colombia) - 68.8% equity, 333.09 tons of resources, 99.06 tons of reserves, 10.03 tons of expected production in 2024 2. Norton Gold Project (Australia) - 100% equity, 327.91 tons of resources, 125.99 tons of reserves, 8.18 tons of expected production in 2024 3. Rosebel Gold Mine (Suriname) - 95% equity, 195.13 tons of resources, 103.41 tons of reserves, 7.46 tons of expected production in 2024 4. Aurora Gold Mine (Guyana) - 100% equity, 166.40 tons of resources, 76.87 tons of reserves, 4.07 tons of expected production in 2024 5. Jilau/Talco Gold Mine (Tajikistan) - 70% equity, 94.90 tons of resources, 42.47 tons of reserves, 4.95 tons of expected production in 2024 6. Akim Gold Mine (Ghana) - 100% equity, 89.00 tons of resources, 34.60 tons of reserves, 6.40 tons of expected production in 2024 7. Left Bank Gold Mine (Kyrgyzstan) - 60% equity, 39.85 tons of resources, 30.35 tons of reserves, 3.70 tons of expected production in 2024 8. Pogera Gold Mine (Papua New Guinea) - 24.5% equity, 553.51 tons of resources, 184.08 tons of reserves, 1.43 tons of expected production in 2024 [3][4] - The total resource amount of these eight overseas gold mines is 1,799.79 tons, with total reserves of 696.83 tons and expected production of 46.22 tons in 2024 [3] Group 2: Financial and Strategic Implications - Zijin Mining is currently the fourth largest copper producer and the sixth largest gold producer globally [4] - Zijin Gold International, established in 2007, focuses on gold exploration, mining, processing, and sales, with projected revenues of 21.268 billion and net profits of 4.458 billion for 2024 [5] - The restructuring aims to enhance Zijin Gold International's competitiveness in international capital markets, attract quality investors, and support the company's internationalization process [7] - As of May 28, Zijin Mining's stock price was 17.98 yuan per share, with a market capitalization of 477.865 billion, reflecting an 18.92% increase year-to-date [7]