13 Feb 2014

In the discussion for the Seminar on Company Strategy on 9 Feb, Chen Jinghe says that the development goal we set for 2016 will mainly focus on mining merger and acquisition. The success of Zijin will, to large extent, depends on successful merger and acquisition of overseas mining projects.

"This seminar is very important for us. The international development will be the top priority in the new development period. Currently, the metal prices begin to fall, which is a comparatively better time for us in recent years, as we may have more opportunities for overseas merger and acquisition", Chen said.

"Innovation is part of our core competitiveness. There is no fixed model for managing overseas projects and we must adopt different management modes to projects in different countries and regions. To manage large mining companies acquired in the future, we will supervise on staff, production and operation through controlling their boards of directors, meanwhile further popularize corporate culture and operation philosophy. In addition, we should not only learn from overseas companies for their excellent management philosophy, but also devote greater effort to solve the problems exist in companies we acquired. As for the selection of managers for overseas projects, either competent foreign Chinese or excellent foreign site administrators will be good choices for us ", Chen said.

In addition, Chen also expressed that it is imperative for Zijin to conduct sufficient risk and tolerance assessment during overseas investment. We should stick to our strategy of internationalization. Overseas mining investment, merger and acquisition will be our top priority in the coming years.

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