On March 28, 2014, Zijin Mining Group (hereafter"Zijin" or"the company") published its full year 2013 results. At the backdrop of market downturn in global mining industry, Zijin achieved a sales income of 49.772 billion Yuan(equivalent to US$ 8.094 billion), representing an increase of 2.8% over the previous year; under the impact of a slump in gold price, a number of gold producers faced huge losses while Zijin still obtained comparatively fine profits. The net profit for the year 2013 attributable to shareholders of the parent was 2.125 billion Yuan (equivalent to US$ 345.585 million); the operating cash flow was 8.842 billion Yuan(equivalent to US$ 1.438 billion), a increase of 63.52%. In addition, the total asset of the company in 2013 amounted to 66.898 billion Yuan (equivalent to US$ 10.879 billion), decreased by 0.68%; the net asset attributable to shareholders of the parent was 27.612 billion Yuan (equivalent to US$ 4.490 billion), down by 2.02%.
In 2013, Zijin produced a total of 31.24 tonnes of mine-produced gold(equivalent to 1,004,389oz), accounting for 8.9% of total amount in China; a total of 125,060 tonnes of mine-produced copper, accounting for 7.05% of total amount in China. The strong results reflect the progress the company is making and the leading position it maintains in national mining industry.
Results also show Zijin's commitment in expanding mineral resources and reserves in order to ensure steady and sustainable production. In 2013, significant breakthroughs have been made by Zijin in resource exploration, including 61 tonnes of gold(equivalent to 1,961,194oz), 402,000 tonnes of copper, 1.91 million tonnes of lead and zinc, 32,000 tonnes of molybdenum, 21,000 tonnes of tungsten, 216 tonnes of silver and 23.48 million of iron ore. Meanwhile, the company also reported its production plan for main products in 2014: 34 tonnes of mine-produced gold (equivalent to 1,093,125oz), 160 tonnes of mine-produced silver, 140,000 tonnes of mine-produced copper, 160,000 tonnes of mine-produced lead and zinc, 2.75 million tonnes of Powdered Iron (including Iron calcine), 60 tonnes of refinery gold (equivalent to 1,929,043oz), 150 tonnes of refinery silver, 220,000 tonnes of refinery copper and 200,000 refinery zinc.
Besides, Zijin steadily promotes its process of internationalization. In terms of M&A in overseas projects, Zijin's majority-owned company, Australia Norton Gold Fields successfully acquired all shares and options of Australia Kalgoorlie Mining Company. In addition, some of Zijin's oversea projects will be put into operation in 2014. The Russia Tuva Multi-Metal project(phase I) will be put into production by the end of 2014, which is expected to produce over 1.5 tonnes of gold (equivalent to 48,226 oz)and 50,000 tonnes of zinc concentrate for Zijin.
In 2013, Zijin actively fulfilled its social responsibilities. In April, 2013, the Tenth China Charity List was released in Beijing, Zijin was awarded the title of "2013 National Top Ten Philanthropy Enterprises". In addition, as its excellent performances in environmental protection, the company moved up spots rapidly on the list of national listed mining companies in social competitiveness.
On the Forbes list of "Global 2000 Leading Companies", Zijin moved up 318 spots from No.1198 last year to No.880. Meanwhile, on the 2013 Top 500 list for Chinese companies by Fortune magazine, the company ranked No.107, up by 13 spots.
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ZIJIN MINING GROUP COMPANY LIMITED 
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