Zijin Mining layout New Energy overall Business further improved

On July 9th, Zijin Mining held a (ESG) committee meeting on strategy and sustainable development of the board of directors, and conducted a special study on how to implement the group's strategic objectives under "carbon peak and carbon neutralization", and proposed that while developing resources, we should increase research and investment in new energy and new materials to find new growth points for the company's sustainable development.

Zijin Mining's "five-year (2y3) Plan and 2030 Development goal outline" established that "priority should be given to upgrading strategic mineral resources such as gold and copper, taking into account the potential of high-growth minerals, new materials and new energy minerals such as zinc, silver and iron, and moderately extending industrial investment. Non-mineral investment projects should have significant synergy with the main mineral industry". The meeting agreed to set up Zijin Mining New Energy and New Materials Research Institute to strengthen technological research and development, introduction and cooperation, introduce and cultivate leading and scarce talents, and protect the development of new business.

At present, China has made great efforts to develop new energy, and the demand for copper and other related minerals has increased greatly. The copper business of Zijin Mining has high growth potential and initially shows an explosive growth trend. It is reported that the core copper mines of the company are mainly Zijinshan Gold and Copper Mine in Fujian, Duobaoshan Copper Mine in Heilongjiang, Ashule Copper Mine in Xinjiang, Shuguang Copper Mine in Jilin, and overseas Congo (DRC) Klowezi Copper-Cobalt Mine, Serviapor Copper Mine, Eritrea Bisha Zinc Copper Mine and so on. This year, the Camoa Copper Mine, a world-class super-large and high-grade copper mine, has been put into production, and the Paiji Copper and Gold Mine in Serbia has entered the trial production phase. it is planned to complete the trial production phase by September this year and submit it to the Ministry of Mines for acceptance. Qulong Copper Mine, China's largest porphyry copper mine, is expected to be completed and put into production by the end of 2021. The company also has research and development projects such as Baihe Copper and Molybdenum Mine in Peru. Based on this, Zijin Mining will usher in a substantial increase in mineral production in the second half of the year, which has laid a firm foundation for its own layout of new energy.

Previously, in the semi-annual performance forecast issued by Zijin Mining, it is expected that the net profit attributed to shareholders of listed companies from January to June 2021 is 6.2 billion yuan to 6.6 billion yuan, an increase of 156.09% to 172.61% over the same period last year. Zijin Mining benefited from the increase in production of copper, zinc, gold and other major mineral products and rising prices in the first half of the year, resulting in excellent performance.