Zijin Mining(SH:601899) Sou Hu Cai Jing·2025-11-30 07:01Core Viewpoint - Zijin Mining Group announced significant changes in its leadership, with founder Chen Jinghe stepping down from the board due to age and family reasons, marking a pivotal transition for the company [1][3][12] 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][12] - The company plans to appoint Chen as a lifetime honorary chairman and senior advisor, ensuring his continued involvement in major strategic decisions and resource connections [5][11] Company Performance - Zijin Mining's stock price closed at 28.58 yuan, reflecting a year-to-date increase of over 95%, with a total market capitalization of 759.6 billion yuan [1][11] - The company ranks 267th in the Forbes Global 2000 and 364th in the Fortune Global 500, highlighting its significant market presence [11] Production and Resources - Zijin Mining's copper production accounts for 65% of the domestic total, while gold production represents 24% [11] - As of the end of 2024, the company holds substantial proven and inferred resources, including 110.37 million tons of copper and 3,973 tons of gold, with global rankings of second, fifth, and third for copper, gold, and zinc reserves respectively [11]