Sou Hu Cai Jing·2025-11-29 15:11Core Viewpoint - Zijin Mining Group announced significant leadership changes, with founder Chen Jinghe stepping down from the board due to age and family reasons, marking a transition from founder-driven to institution-driven governance [1][3]. Leadership Transition - Chen Jinghe, aged 68, will not accept nomination for the ninth board of directors, despite efforts from the controlling shareholder and board to retain him [3]. - The company plans to appoint Chen as a lifetime honorary chairman and senior advisor, ensuring his continued influence on major strategic decisions and resource connections [3][5]. Company Performance - Zijin Mining's stock price reached 28.58 yuan, with a year-to-date increase of over 95%, resulting in a market capitalization of 759.6 billion yuan [1]. - The company ranks 267th in the Forbes Global 2000 and 1st among global gold companies, with a position of 364th in the Fortune Global 500 [6]. Resource Holdings - As of the end of 2024, Zijin Mining holds significant resources: 110.37 million tons of copper, 3,973 tons of gold, 1,298 million tons of zinc (lead), 31,836 tons of silver, and 1,788 million tons of lithium (LCE) [6]. - The proven reserves for copper, gold, and zinc rank second, fifth, and third globally, respectively [6]. Contributions of Chen Jinghe - Chen has been pivotal in the company's success since 1993, establishing a mission of "developing mining to benefit society" and a strategic goal of becoming a "green, high-tech, top-tier international mining group" [5][6]. - His innovative management model, "Five Rings of Ore Flow," has been crucial for Zijin Mining's low-cost and efficient operations [6].