Zhaojin Mining
| Company type | Public (H share) |
|---|---|
| Industry | Gold mining |
| Founded | 2004 |
| Headquarters | Zhaoyuan, Shandong Province , China |
| Products | Gold (exploration, extraction, processing, refining, smelting) |
| Parent | Zhaojin Group and Fosun International (joint venture) |
Zhaojin Mining Industry Company Limited () ranks among the foremost gold mining enterprises in China, specializing in the exploration, extraction, processing, refining, and smelting of gold. The company operates as a joint venture between Zhaojin Group and Fosun International, with its headquarters situated in Zhaoyuan, Shandong Province.
Corporate Affairs
Fosun International, a multifaceted investment group headquartered in Shanghai, maintains a strategic minority interest via its subsidiary Fortune Asset Management Ltd. Zhaojin’s H share initial public offering was successfully listed on the Hong Kong Stock Exchange on 6 December 2006.
Operations
The company manages significant gold mining and smelting operations predominantly within Shandong Province, particularly in Zhaoyuan, often referred to as "China's Gold Capital." Its footprint extends to other resource-abundant areas such as Gansu, Xinjiang, Inner Mongolia, and Heilongjiang, establishing it as one of the most geographically varied gold producers in China.
Central to its portfolio is the Zhaoyuan Gold Mine Cluster located in Shandong, which includes multiple high-grade underground mines alongside processing facilities. Among these, the Dayingezhuang Gold Mine is distinguished by its elevated recovery efficiency and use of cutting-edge underground mining techniques.
In the province of Gansu, the Zaozigou Gold Mine accounted for approximately 207,101 ounces of gold output in 2020.
Zhaojin expanded its international presence markedly in 2024 by acquiring an 88% controlling interest in Australian-listed Tietto Minerals for about A$733 million. This acquisition encompasses the Abujar Gold Project situated in Côte d'Ivoire, West Africa, which commenced commercial operations in early 2023 and is anticipated to produce roughly 170,000 ounces annually over a nine-year period.
The company’s refining and smelting plants manufacture high-purity gold ingots catering to both domestic consumption and export demands. As of 2023, Zhaojin’s total gold reserves and resources surpassed 900 tonnes, with an annual production volume near 35 tonnes.