Zijin Mining(SH:601899) Sou Hu Cai Jing·2025-11-29 10:53Core Viewpoint - Zijin Mining announced the appointment of Chen Jinghe as the company's lifetime honorary chairman, pending approval from the shareholders' meeting, marking a significant leadership transition after 32 years of his leadership [1][2]. Company Overview - Since its establishment in 1993, under Chen Jinghe's leadership, Zijin Mining has grown into one of the top three global metal mining companies, with a market capitalization exceeding $100 billion [2]. - The company has developed a globally competitive technology and management system, corporate culture, and core management team, laying a solid foundation for sustainable development [2]. Leadership Transition - Chen Jinghe, aged 68, has decided not to accept nomination for the ninth board of directors due to age and family reasons, despite efforts from the controlling shareholder and board to retain him [2][7]. - The company plans to appoint Chen as lifetime honorary chairman and senior advisor, allowing him to continue providing guidance on major strategic decisions and resource connections [2][7]. Performance Metrics - As of the end of 2024, Zijin Mining's copper production accounts for 65% of the domestic total, while gold production accounts for 24% [3]. - The company ranks 267th in the Forbes Global 2000 and is the top gold company globally, as well as 364th in the Fortune Global 500 [3]. Resource Reserves - As of the end of 2024, Zijin Mining holds proven, controlled, and inferred total resources of 11,037,000 tons of copper, 3,973 tons of gold, 1,298,000 tons of zinc (lead), and 31,836 tons of silver, with lithium (LCE) reserves of 1,788,000 tons [4]. Stock Performance - As of November 28, Zijin Mining's stock price closed at 28.58 yuan, having increased by over 95% year-to-date, with a total market capitalization of 759.6 billion yuan [10].