On December 5th, Wang Jianhua ,the president of Zijin Mining Group was invited to attend the "8th China Gold & Precious Metals Summit", and made a keynote speech on the development of mining enterprises under the current mining environment .

 "Now it may take only 30 million RMB Yuan to buy a mine which was priced 200 million two years ago." Wang Jianhua believes that the way the mining industry operates sustainably is to buy mineral resources, resources are the most important assets, which means it is not more difficult to operate mining companies than last year from the perspective of resources.

Mr. Wang believes that the domestic mining industry has been operated in a rough way, for the long term, it has to go through the process of management improvement, and the current environment offers a good opportunity to move on, we should make efforts specifically on the strategy reposition, asset clarification, mining information module, environment and safety.

"We cannot predict the future, but it is for sure that we cannot get into the top 10 world gold companies without purchasing resources". He believes resources is the main focus of Zijin Mining operation, we operate resources, so the concentration, cost performance, environmental cost and the legal environment will play a decisive role. "The cost of resources M&A declined significantly, which is very positive to mining company, we cannot just gaze at the 'haze'of product prices."

Wang Jianhua believes that "innovation"and "adventure"are everlasting in management for professional managers. As mining companies, there is no hope for China gold industry if the Chinese big gold companies don't have confidence on sustainable development; there is also no hope if we don't take the responsibility for the future and global conception in common. "There should be an integration of modern, legal, human, environment and safety conception, the culture of China and the world is connected, and we believe the integration concept fits the world."

China Gold & Precious Metals Summit, initiated by the China Gold Association and Shanghai Gold Exchange, is the largest annual gathering of gold and precious metals industry and has attracted more than 1800 gold and precious metals industry leaders in the past seven years.

Link: http://www.chinagoldsummit.com/index_c.html

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