Zijin Mining posted a 52% year-on-year rise in net profit attributable to shareholders in 2024, reaching RMB 32.1 billion (USD 4.4 billion), driven by increased copper and gold output and favorable global prices. The company also announced a full-year cash dividend of over RMB 10 billion (USD 1.37 billion), including a previously issued interim dividend of RMB 2.66 billion (USD 370 million).
Zijin produced 1.07 million tonnes of copper (up 6%) and 73 tonnes of gold (up 8%) in 2024, placing it 4th and 6th globally for those metals, respectively. Revenue reached RMB 303.6 billion (USD 41.5 billion), with the company ranking 5th in net profit among global mining companies. Zijin attributed the strong results to operational efficiency gains, cost control, and expanded production across its global sites.
Significant sustainability progress was also highlighted, with total carbon emissions down 17.96% to 6.99 million tonnes and carbon intensity cut by nearly 35% from 2020 levels. Clean energy generation increased by 48.21% year-on-year, reaching 564.54 GWh from 767 MW of installed capacity.
Zijin expanded its resource base substantially in 2024. New finds at the Julong and Tongshan copper mines added over 18 million tonnes of contained copper. The company also acquired La Arena in Peru and Akyem in Ghana, and reported high-grade discoveries in Serbia. As of year-end, Zijin’s holdings included 110 million tonnes of copper, 4,000 tonnes of gold, 18 million tonnes of lithium carbonate equivalent, and large reserves of silver, molybdenum, zinc, and lead.
Ongoing projects signal major capacity expansions. In Serbia, Zijin is ramping up copper output from its Čukaru Peki and Bor operations to 450,000 tonnes per year. In the Democratic Republic of Congo, the Kamoa-Kakula mine is on track to produce 600,000 tonnes annually after Phase 3 is complete. In China, Julong Copper Mine is advancing toward Phase 2 commissioning by late 2025, with long-term plans to reach 600,000 tonnes annually after Phase 3.
