Zijin Mining and China Development Bank Sign a 30-billionyuan Financing Agreement

On October 27, Zijin Mining signed a Development Financial Cooperation Agreement with China Development Bank (SDB), with a total amount of 30 billion yuan.

As a multinational mining company listed on both Shanghai and Shenzhen Stock Exchanges,Zijin Mining has total assets of more than 60 billion yuan, and its annual sales revenue will top 50 billion yuan. In 2011, with a total profit of nearly 10 billion yuan, it ranked the 1189th on The Forbes Global 2000. Among worldfamous metal mining companies, it ranks about the 30th. For eight consecutive years, it has been one of the enterprises with the largest gold output and best economic returns in China. It controls more metal mineral resources than any other enterprise in China.

According to Chen Jinghe, chairman of Zijin Mining, currently the company is ushering a new round of development characterized by internationalization, asset securitization and large-scale projects. This time, by forging an all-around strategic partnership with SDB, Zijin Mining closely blends industry with financial capital, which holds great significance for solidifying Zijin Mining’s foundation of internationalization, expediting its going global, and realizing the goal of becoming a super-large international high-tech mining group.