Zijin Mining(SH:601899) Sou Hu Cai Jing·2025-11-30 07:29Core Viewpoint - Chen Jinghe has been appointed as the lifetime honorary chairman of Zijin Mining Group, marking his official exit after 32 years of leadership, during which the company has grown into a leading global mining enterprise with a market value exceeding $100 billion [1][3][21]. Company Overview - Zijin Mining Group was founded in 1993 and has become one of the top three global metal mining companies, with a market capitalization surpassing $100 billion [1][21]. - The company has a comprehensive technical and management system, corporate culture, and core management team that supports its sustainable development [1][21]. - In 2024, Zijin Mining achieved a net profit of 32.1 billion yuan, and in the first three quarters of 2025, the net profit reached 37.9 billion yuan, a year-on-year increase of 55% [3][21]. Leadership Transition - Due to age and family reasons, Chen Jinghe will not accept nomination for the ninth board of directors, emphasizing the need for the company to transition from "founder-driven" to "institution-driven" management [3][21]. - The new core management team is deemed mature enough for this transition, making it an opportune time for generational change [3][21]. Strategic Contributions - Chen Jinghe will continue to provide guidance and support in major strategic decisions and resource connections as the honorary chairman and senior advisor [3][21]. - The company has over 30 significant mining bases domestically and internationally, with its overseas resources surpassing domestic ones in terms of reserves, production, and profits [4][5]. Resource Reserves - Zijin Mining controls over 1.1 million tons of copper, 3,973 tons of gold, and 1.788 million tons of equivalent potassium carbonate, making it the Chinese company with the most metal mineral resources [5]. - The company ranks fifth globally in copper reserves, sixth in gold, third in zinc, first in molybdenum, and tenth in lithium [5].