[ET Net News Agency, 17 January 2022] Zijin Mining Group Co., Ltd. (02899) said it is
estimated that the company realised a net profit attributable to owners of the listed
company of approximately RMB15.6 billion for the year 2021, representing an increase of
approximately 139.67% compared with the same period last year.
It was due to (1) the production volumes of major mineral products for the year 2021 are
as follows: 47.5 tonnes of mine-produced gold, representing an increase of 17.28% compared
with the same period last year (2020: 40.5 tonnes); 584,000 tonnes of mine-produced copper
(including the production volume on equity basis of 42,000 tonnes of Kamoa Copper),
representing an increase of 28.92% compared with the same period last year (2020: 453,000
tonnes); 434,000 tonnes of mine-produced zinc (lead), representing an increase of 14.81%
compared with the same period last year (2020: 378,000 tonnes); 309 tonnes of
mine-produced silver, representing an increase of 3.34% compared with the same period last
year (2020: 299 tonnes); 4.248 million tonnes of iron ore (including the production volume
on equity basis of 908 thousand tonnes of the Makeng Iron Mine), representing an increase
of 9.71% compared with the same period last year (2020: 3.872 million tonnes); (2) during
2021, the selling prices of mine-produced copper, mine-produced zinc, mine-produced silver
and iron ore increased compared with the same period last year, while the selling price of
mine-produced gold declined compared with the same period last year; and (3) pursuant to
the off-take agreement entered into between the group and Kamoa Copper (a subsidiary of
Kamoa Holding Limited, which is a joint venture of the group), Gold Mountains (H.K.), a
subsidiary of the group, purchased the mine-produced copper produced by Kamao Copper at a
certain proportion. External sales of certain inventories had not been realised at the end
of the reporting period, and net profit attributable to owners of the listed company for
the reporting period of approximately RMB400 million had been offset. (RC)