Type Public Headquarters Xiamen, China Number of employees 21,455 | Industry Gold mining Founded 2000 | |
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Traded as SSE: 601899)
SEHK: 2899 Area served People's Republic of China Key people Chairman: Mr. Chen Jinghe Products Gold, Copper, Non-ferrous metals Stock price 601899 (SHA) CN¥ 3.38 -0.02 (-0.59%)31 Mar, 3:00 PM GMT+8 - Disclaimer Subsidiaries MONTERRICO METALS PLC | ||
Zijin Mining Group Company Limited known as just Zijin is a Chinese gold, copper and non-ferrous metals producer and refiner in Mainland China.
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Courtesy call by zijin mining group company nihao mineral resources int
Description
Zijin is one of the largest Chinese gold producers in China. It now operates the Zijinshan Gold Mine, the largest open pit gold mine on mainland along with three other gold mines in production.
The company established itself as a player in the mining sector following a large investment in Canada's Pretium Resources, and various deals that gave it a stake in Barrick's Porgera mine in Papua New Guinea.
In 2006, Zijin had 49.28 tons of the gold output and the gold produced from mining reached 20.70 tons, respectively accounting for 20.53% of China's total gold production and 11.51% of the gold produced from mining in China in the same year. In 2010 gold output had reached 69 tons.
July 2010 acid incident
On July 3 and July 16, 2010 acid waste escaped the Fujian province copper plant and into the Ting River. The accident was said to be the size of the BP deepwater oil spill. The copper plant manager, deputy manager and head of environment were detained because the company waited nine days before revealing the spill.
Sept 2010 dam collapse
In September 2010, four people were killed when a dam collapsed at the Xinyi Yinyan tin mine, following heavy rain. The dam collapse was said to be caused by rainfall generated by a typhoon occurring only once in more than 200 years.