On September 12, Mr. Wang Jianhua, President of Zijin Mining Group Co., Ltd, attended the China Gold Congress-Mining Summit Conference in Beijing and met with Chinese and foreign mining giants. While analyzing the future economic and mining situation, Mr. Wang Jianhua deeply impressed the forum with his opinions.

Talking about the price declining, Mr. Wang Jianhua said that, in the current economic climate, iron and steel, automobile and other industries which are closely to market have been under the pressures earlier, the price declining dose not only appear in gold industry.

"Every coin has two sides", difficulty comes with opportunities. Large mining companies in China possessing large mines have opportunity to take foreign advanced mining experiences. We should improve the efficiency of per capita through scale expansion 、 large-scale production and reducing employees and realize that per capita efficiency is more important than financial efficiency. We should gather small mines and restructure them into large mines, for a company cannot develop without the advantage of low cost and large- scale.

On overseas M&A, his view is as follows: China's mining has to find new resource abroad, and what we should consider is whether we have the competition power in the world when we "go out". How to evaluate a company's "going out" ？ Mr. Wang said that "going out" is not a quick success, it cannot be evaluated by the results in five years or ten years.



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