证券代码：601899 证券简称：紫金矿业 编号：临2026-010 特此公告。 紫金矿业集团股份有限公司 关于15亿美元零息 可转换公司债券发行完成的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 在本公告中，除非文义另有所指（如有），所有释义均与紫金矿业集团股份有限公司（以下简称"公 司"）于2026年1月30日在上海证券交易所网站（www.sse.com.cn）披露的《关于根据一般性授权拟发行 15亿美元零息可转换公司债券的公告》（编号：临2026-008）中的释义一致。 公司境外全资子公司Jinkai Investment Holdings Limited发行的于2031年到期的15亿美元零息可转换公司 债券（该债券由公司无条件且不可撤销地提供担保，以下简称"可转债"）认购协议中的所有先决条件均 已达成，该等债券已于2026年2月5日完成发行。本次可转债的募集资金净额（扣除承销商佣金和其他相 关费用后）预计约为15.27亿美元，其中约12亿美元将用于秘鲁阿瑞那铜金矿项目建设资本开支，剩余 将用于补充流动资金和一般 ...

Core Viewpoint - The current stagnation in the non-ferrous metals sector is not a sign of failure but rather a characteristic of its inherent lagging nature, which differs from the rapid movements seen in technology stocks [1][3] Group 1: Lagging Nature of Non-Ferrous Metals - Lagging nature means that positive developments do not immediately reflect in stock prices, requiring time for the market to react [3] - The non-ferrous metals industry has a long lead time for production, with mining projects taking 5 to 10 years from exploration to production, leading to limited new supply in the coming years [3] - The demand from sectors like electric vehicles and renewable energy takes time to translate into actual metal consumption, creating a growing supply-demand gap [3] Group 2: Market Dynamics and Capital Rotation - Market funds tend to focus on the most attractive sectors, currently dominated by AI and technology, which limits immediate investment in non-ferrous metals [4] - The narrative surrounding non-ferrous metals is less compelling compared to technology, making it harder to attract short-term speculative capital [4] - A rotation of funds from technology to non-ferrous metals requires a trigger point and typically occurs over a quarterly timeframe rather than daily [4] Group 3: Strategic Value of Non-Ferrous Metals - Non-ferrous metals are increasingly viewed as strategic assets rather than just cyclical commodities, with copper being likened to "new oil" and rare earths being essential for high-tech applications [4] - Recent actions by countries to regulate exports of key metals indicate a shift in how these assets are valued, necessitating a longer-term perspective on pricing [4] Group 4: Key Catalysts for Non-Ferrous Metals - The first catalyst is a shift in global liquidity, with expectations of a potential interest rate cut by the Federal Reserve, which could weaken the dollar and boost non-ferrous metal prices [6] - The second catalyst is the need for concrete data on the demand for renewable energy, such as consistent monthly sales figures for electric vehicles and actual orders for equipment [6] - The third catalyst is the observation of inventory levels, with low global inventories indicating that any unexpected demand increase could lead to significant price spikes [7] Group 5: Investment Strategies - Investors should focus on data-driven decisions rather than emotional reactions to market fluctuations, monitoring key industry metrics [9] - A gradual investment approach is recommended, utilizing a dollar-cost averaging strategy to mitigate risks associated with market volatility [9] - Concentrating on specific non-ferrous metals with the most favorable supply-demand dynamics, such as copper and strategic rare earths, is more effective than a broad investment strategy [9]

知情人士称，历次谈判受阻的核心原因包括力拓不愿支付高额溢价，以及双方在管理文化上的差异。最 近一轮磋商虽被认为是双方距离达成交易最近的一次，但在嘉能可庞大且复杂的采矿与大宗商品交易业 务估值问题上，双方仍然僵持不下，最终未能跨越关键门槛。 随着谈判破裂，全球矿业整合版图短期内难现颠覆性变化，行业并购热潮也再度面临现实约束。 两家公司于今年1月初披露正在进行接触，此后围绕力拓需要支付的收购溢价问题展开拉锯。消息公布 后，嘉能可股价一度暴跌逾11%，截至发稿，该股跌超6.5%。嘉能可随后在另一份声明中表示，公司具 备稳健的独立发展逻辑，将继续专注于自身既定战略重点。 事实上，力拓与嘉能可合并的设想已被讨论十余年。该构想最早出现在2008年全球金融危机之前；2014 年，嘉能可曾对力拓进行非正式接触，但很快遭到拒绝；直至2024年，双方才再次认真恢复谈判。 智通财经APP获悉，全球矿业巨头力拓(RIO.US)表示，已退出与嘉能可(GLNCY.US)的收购谈判，双方 因估值分歧未能达成一致，一桩可能缔造全球最大矿业公司的超级并购随之流产。 力拓在声明中称，不打算对规模较小的竞争对手嘉能可提出收购要约。按照英国并购规则 ...

部分传统产业企业有望成为"小巨人" 今年1月，工业和信息化部发布新版《优质中小企业梯度培育管理办法》（以下简称《办法》），对专 精特新中小企业认定标准、"小巨人"企业认定标准进行了完善。 活动现场，广东省工信厅、广东省发改委、广东省科技厅评审专家曾国富以"政策解读+案例分析"的形 式，对重点"小巨人"、专精特新"小巨人"企业申报要点展开解读。 《办法》中，专精特新"小巨人"企业认定标准有较大的变化，企业主导产品的范围有所拓展。属于改造 提升传统产业、培育壮大新兴产业、布局建设未来产业，位于产业链关键环节，对提升产业链供应链韧 性和安全水平发挥重要作用的产品均可纳入。曾国富指出，这一变化将使部分传统产业企业，如矿业、 冶金、化工、轻工、纺织、机械、船舶、建筑等产业领域企业认定专精特新"小巨人"成为可能。 2月4日，广州市工业和信息化局举办全市重点专精特新"小巨人"政策宣贯活动。南都N视频记者从活动 中获悉，截至2025年底，广州市全市累计培育专精特新"小巨人"企业482家、重点"小巨人"企业74家、 专精特新中小企业7175家，专精特新企业年度营业总收入超过8000亿元，成为本市发展新质生产力的重 要力量。 曾 ...

转自：自然资源部 近日，自然资源部、国家林业和草原局2025年四季度发现，部分地方存在违法占地破坏耕地和永久基本农田、违反国土空间规划开发建设、毁林毁草破坏 生态等问题。为发挥警示教育作用，自然资源部、国家林业和草原局决定通报8个违法违规典型问题。人民网、新华网、央广网、光明网、中国网、中国 日报网、《中国日报》客户端、中国新闻网、《经济参政报》微信公众号等媒体进行了报道。 标题：违法占地、毁林毁草......8个违法违规典型问题被通报 标题：自然资源部、国家林草局通报去年四季度8个违法违规典型问题 标题：自然资源部 国家林业和草原局通报去年四季度8个违法违规典型问题 | 工具厂厂 >>> 首页 > 时政 > 新闻 > 耳闻 > 眼见 > 地标中国 > 诵读大会 > 微剧中国 > 财经 > 科技 > 民生 > 教育 | | --- | 这8个违法违规典型问题分别是: 天津市西青区对违法占用耕地58.7亩建设马术训练场监管不 力;河南省洛阳市孟津区对破坏永久基本农田32.04亩取土烧砖监管不力;湖北省广水市郝店镇花山 村余某等违法采伐林木286.05亩;湖南三安矿业有限责任公司擅自占用林地109.93亩;重庆市 ...

Group 1: Production and Operational Challenges - The company has implemented safety measures in response to extreme weather conditions, including a comprehensive drainage system and emergency evacuation plans [2] - Due to heavy rainfall in January 2026, underground water inflow exceeded drainage capacity, leading to water accumulation in some tunnels [2] - Despite the challenges, the company successfully executed a production halt and evacuation, preventing any casualties or major safety incidents [2] Group 2: Project Updates and Delays - The progress of the No. 6 crusher project for the copper phase II has been affected by the underground water issues, causing delays in the construction schedule [3] - The expected production commencement for the copper phase II project will be postponed due to the impact of the recent flooding [3] Group 3: Iron Ore Processing Enhancements - The company plans to upgrade its processing techniques to increase the iron ore grade from 58% to 65%, targeting an annual output of 6 million tons [3] - Although costs per ton may slightly increase, the price differential (approximately $13 per ton) between 62% and 65% grade will enhance overall economic benefits [3] Group 4: Dividend Policy and Investor Relations - The company emphasizes sustainable development in its dividend policy, aiming to balance profitability, cash flow, and investment needs to ensure stable returns for investors [3]

由于配售协议及包销协议所载的所有条件均已达成，且配售代理及包销商并无分别终止配售协议及包销 协议，故供股已于2026年2月2日(星期一)下午4时正成为无条件。 由于供股股份及配售认购不足，共有172,352,140股已包销股份(占发售股份约26.97%)。包销商已根据包 销协议履行其包销责任，以认购全部172,352,140股已包销股份。基于获包销商包销的172,352,140股已包 销股份，连同暂定配发予包销商并由其认购的415,050,642股供股股份，以及包销商于记录日期已持有的 股份数目，包销商持有的股份总数为1,417,504,067股(占公司于供股完成後经扩大已发行股本约 73.95%)。 格隆汇2月5日丨铁货(01029.HK)公告，根据供股提呈发售的供股股份总数为638,974,294股(「发售股 份」)。于2026年1月15日(星期四)下午4时正(即最後接纳时间)，已接获合共8份涉及合共466,622,154股 供股股份(占发售股份约73.03%)的有效申请。根据不可撤回承诺，包销商已认购其获暂定配发的 415,050,642股供股股份。余下172,352,140股未获认购供股股份(占发售股 ...

矿业权名称：新疆巴里坤哈萨克自治县三塘湖矿区库木苏五号井田普查，矿区面积：65.85km2，成交 价27.05亿元。库木苏五号井田地质勘查程度整体达到普查阶段（局部达到详查），需要继续开展勘探 工作，矿区资源禀赋、开发进度尚存在不确定性。 格隆汇2月5日丨特变电工(600089.SH)公布，近日，公司控股子公司新疆天池能源有限责任公司（简 称"天池能源公司"）参与竞买了新疆巴里坤哈萨克自治县三塘湖矿区库木苏五号井田（简称"库木苏五 号井田"）普查探矿权。2026年2月5日，新疆公共资源交易中心发布了《2025年新疆巴里坤哈萨克自治 县三塘湖矿区库木苏五号井田普查探矿权挂牌出让结果公示》，确定天池能源公司为该普查探矿权竞得 人。 ...

【特朗普推出"金库计划"，旨在摆脱对中国稀土的依赖】 计划核心，是拉上通用汽车、波音、谷歌等工业科技巨头，仿照国家石油储备模式，建立稀土、镓、钴等战略矿产的应急库存，目标是 囤够60天的用量。 不仅如此，美国触角还伸向盟友，美国注资数千万美元，换得加拿大Trilogy Metals公司10%股份，并特批了其矿区的关键道路环评。 而以上这些，都套着《国防生产法》的"国家安全"外衣。为了造势，美国还拉上31个国家，搞了个"关键矿产生产联盟"，计划建一个没 有中国的资源俱乐部。 最近，特朗普总统在镜头前，高调推出了代号"金库计划"的战略行动。这个耗资120亿美元的紧急方案，目标明确：打破美国在关键矿产 供应链上的脆弱局面，尤其是摆脱对中国稀土的依赖。 钱从哪来？彭博社披露，约20亿美元私人资本牵头，美国进出口银行则提供了高达100亿美元的贷款支持。 事实上，这不是孤立动作。特朗普二度入主白宫后，关键矿产直接被抬到了"国家安全命脉"的高度，紧随其后他便打出一套组合拳：改 革国内矿业许可，简化审批，甚至开放争议巨大的海底采矿。 模式上，力推"公私合营"。美国国防部、能源部数亿美元注资和贷款，入股本土唯一的稀土生产商MP ...

Core Viewpoint - The article discusses the transformation of Zhaojin Gold (formerly Zhongrun Resources) under the leadership of Guo Changwei, highlighting its recovery from financial difficulties and the strategic restructuring that led to a significant increase in stock price and market valuation. Group 1: Company Performance - As of late January 2026, Zhaojin Gold's stock price reached a peak of 28.52 yuan, marking a new high, driven by strong international gold prices and systematic adjustments in corporate governance and industry logic [1] - The company projected a net profit of 122 million to 182 million yuan for the fiscal year 2025, a turnaround from a loss of 127 million yuan the previous year [1] - The stock price surged from approximately 0.89 yuan in July 2024, reflecting a dramatic increase in market capitalization from about 800 million yuan to approximately 26.5 billion yuan in less than a year and a half [6] Group 2: Strategic Moves - Guo Changwei, known as a "capital hunter," made significant investments during a booming period in the Chinese capital market around 2015, successfully executing several high-profile acquisitions [2][3] - In December 2016, Guo acquired a controlling stake in Zhongrun Resources for approximately 2.258 billion yuan, but the company faced operational challenges starting in 2017 due to a downturn in the mining sector and historical issues [4] - A pivotal change occurred in the second half of 2024 when Shandong Zhaojin Group became a strategic investor, leading to a restructuring of the company's governance and operational strategy [5][6] Group 3: Long-term Vision - The restructuring process involved introducing around 1 billion yuan in critical funding to optimize the company's debt structure and the integration of a professional mining team from Zhaojin Group [6] - The transformation from Zhongrun Resources to Zhaojin Gold represents a comprehensive industrial-level reconstruction, including adjustments to asset-liability structures and the rebuilding of operational teams [6] - Guo Changwei's journey reflects a shift from being a capital transaction leader to a strategic player in industrial restructuring, demonstrating resilience and strategic depth over a decade [7][8]